Agency (alternative)
Under Maryland law, can a real estate agent represent a buyer in a transaction where the agent's own brokerage holds the listing?
ANo, this is always prohibited
BYes, but only with written consent from both parties as intra-company dual agency or designated agency✓ Correct
CYes, without any additional disclosure required
DOnly if the buyer waives all representation
Explanation
When a buyer's agent and listing agent work for the same brokerage, intra-company dual agency or designated agency applies. Maryland requires written informed consent from both parties.
Related Maryland Agency (alternative) Questions
- In Maryland, the duty of 'loyalty' means an agent must NOT:
- In Maryland, when a property is listed as a short sale requiring lender approval, the agent must:
- When a Maryland buyer's agent submits an offer below list price, the agent is:
- Under Maryland law, the termination of a listing agency agreement occurs automatically upon:
- In Maryland, an agent who inadvertently overhears information about the opposing party's negotiating position should:
- In Maryland, a listing agent who earns additional compensation from a buyer's lender for referring the buyer's business without disclosure is:
- When a Maryland buyer's agent is also representing the seller (dual agency) and cannot give full loyalty to either party, the agent must:
- Under Maryland law, if a buyer's agent enters a new buyer-broker agreement with a buyer who is already represented by another broker, the agent should:
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