Agency (alternative)
Under Maryland law, an agent's fiduciary duty of 'care' requires the agent to:
ACare for the property during the listing period
BExercise reasonable skill, competence, and diligence in serving the principal✓ Correct
CPay for all repairs discovered during the transaction
DPersonally guarantee the property's value
Explanation
The duty of care requires agents to use the degree of skill, competence, and diligence reasonably expected of a professional real estate licensee when acting on behalf of the principal.
Related Maryland Agency (alternative) Questions
- When a Maryland real estate agent retires from practice, their duty of confidentiality to former clients:
- In Maryland, a 'net listing' is prohibited primarily because:
- Under Maryland law, a subagent is an agent who:
- When a Maryland buyer's agent submits an offer below list price, the agent is:
- Under Maryland law, an agent who receives a gift from a third party (such as a title company) for referring a client must:
- When a Maryland seller refuses to accept a legitimate offer brought by the listing agent, the agent's duty is to:
- A Maryland buyer-broker agreement that is exclusive and for a definite term means:
- Under Maryland law, can a real estate agent represent a buyer in a transaction where the agent's own brokerage holds the listing?
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