Agency (alternative)
Under Maryland's agency framework, a 'gratuitous agent' is an agent who:
AReceives extra compensation for extraordinary service
BServes without compensation but still owes the principal fiduciary duties✓ Correct
CIs appointed by a court without the principal's request
DIs an unlicensed assistant working for free
Explanation
A gratuitous agent serves without compensation (working for free). Despite the absence of pay, they still owe the principal fiduciary duties once they undertake the agency.
Related Maryland Agency (alternative) Questions
- Maryland requires that the brokerage relationship disclosure be provided:
- An agency coupled with an interest in Maryland is:
- When a Maryland seller refuses to accept a legitimate offer brought by the listing agent, the agent's duty is to:
- In Maryland, when a property is listed as a short sale requiring lender approval, the agent must:
- In Maryland, which form of agency creates the highest potential for conflict of interest?
- Under Maryland law, the termination of a listing agency agreement occurs automatically upon:
- 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:
- When a Maryland buyer's agent submits an offer below list price, the agent is:
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