Agency (alternative)
Under Maryland law, an agent must disclose material facts that affect the value or desirability of property. This duty applies to:
AOnly the agent's client
BBoth the client and any third parties in the transaction✓ Correct
COnly when the fact is discovered after an offer is made
DOnly facts disclosed in writing by the seller
Explanation
Maryland agents have a duty to disclose known material facts to all parties in the transaction—not just their client—even if those facts might be adverse to their client's interests.
Related Maryland Agency (alternative) Questions
- When a Maryland buyer's agent submits an offer below list price, the agent is:
- In Maryland, which of the following is NOT a fiduciary duty owed by an agent to their client?
- A Maryland sub-agent of the seller discovers during a showing that the buyer is planning to demolish the home and build a larger one. The sub-agent should:
- An agency coupled with an interest in Maryland is:
- Under Maryland's transaction brokerage model (non-agency), the facilitator:
- An agent's duty of 'obedience' to a principal in Maryland means the agent must:
- In Maryland, a designated agent owes fiduciary duties to:
- In Maryland, an agent who acts as a buyer's agent without a signed buyer-broker agreement:
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