Agency (alternative)
In Maryland, which of the following would most clearly constitute a material fact requiring disclosure by an agent?
AThe seller's favorite color for exterior paint
BThe roof has active water infiltration causing damage✓ Correct
CThe seller purchased at a lower price 10 years ago
DThe neighborhood has loud traffic on Sundays
Explanation
Active water infiltration causing damage is a significant physical defect that materially affects property value and habitability — a clear material fact requiring disclosure.
Related Maryland Agency (alternative) Questions
- In Maryland, a seller who fires their listing agent before the listing expires must still pay a commission if:
- A Maryland agent working with a buyer who is pre-approved for $500,000 but looking only at $350,000 homes should:
- A Maryland real estate agent who acts as a principal (buying or selling for themselves) rather than as an agent must still:
- Maryland requires that the brokerage relationship disclosure be provided:
- A Maryland buyer is working with a buyer's agent but also contacts the listing agent directly. The listing agent should:
- Under Maryland law, a seller's agent who receives information suggesting the buyer has inspection concerns about the roof should:
- The Maryland agency disclosure law is primarily intended to ensure that consumers:
- In Maryland, which of the following could create an implied dual agency?
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