Agency (alternative)
The Maryland agency disclosure law is primarily intended to ensure that consumers:
APay the highest possible commission
BUnderstand who the real estate agent represents and what duties they owe to each party✓ Correct
CObtain at least three competitive bids from different brokerages
DSign listing agreements before viewing properties
Explanation
Maryland's agency disclosure law is designed to ensure consumers know who their agent represents, what type of agency relationship exists, and what duties the agent owes to them.
Related Maryland Agency (alternative) Questions
- In Maryland, which of the following is NOT a fiduciary duty owed by an agent to their client?
- Under Maryland law, the termination of a listing agency agreement occurs automatically upon:
- When a Maryland seller refuses to accept a legitimate offer brought by the listing agent, the agent's duty is to:
- When a Maryland buyer's agent is also representing the seller (dual agency) and cannot give full loyalty to either party, the agent must:
- When a Maryland buyer's agent helps a buyer prepare a competitive offer, they are performing the agency function of:
- Under Maryland law, a listing broker may share commission with a cooperating broker from another brokerage who represents the buyer. This is:
- Under Maryland law, an agent must disclose material facts that affect the value or desirability of property. This duty applies to:
- Under Maryland law, an agent who receives a gift from a third party (such as a title company) for referring a client must:
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