Agency
Under Maryland law, which type of agency relationship allows one licensee to represent both buyer and seller in the same transaction with written consent?
ADesignated agency
BDual agency✓ Correct
CSubagency
DTransactional brokerage
Explanation
Dual agency in Maryland allows one agent (or brokerage) to represent both parties with written informed consent from both the buyer and the seller.
Related Maryland Agency Questions
- Under Maryland agency law, a 'disclosed dual agent' must:
- A Maryland licensee representing a buyer has a duty to:
- In Maryland, a seller's agent who receives two offers simultaneously must:
- In Maryland, when must an agent provide the Understanding Whom Real Estate Agents Represent disclosure?
- Under Maryland law, which party ultimately controls the listing price of a property?
- A Maryland broker assigns different agents to represent the buyer and seller in the same in-house transaction. This is called:
- A Maryland real estate agent who provides real estate services without expecting compensation is typically:
- A Maryland licensee acting as a seller's agent discovers that the buyer is being transferred and must close quickly. The licensee may:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →