Agency (alternative)
Maryland requires that the brokerage relationship disclosure be provided:
AOnly at the first substantive contact
BBefore or at the time of first showing of property✓ Correct
CAt the time of the signing of any purchase contract
DBefore any advertising of the property
Explanation
Maryland's agency disclosure must be provided at the first opportunity — at or before the first showing of property or first substantive contact involving property-specific discussions.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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