Agency (alternative)
Under Maryland's transaction brokerage model (non-agency), the facilitator:
AOwes fiduciary duties to both parties
BAssists both parties without representing either as an agent✓ Correct
CIs prohibited under Maryland law
DCan only represent the seller
Explanation
Maryland recognizes transaction brokerage (non-agency facilitation) where the licensee assists both parties with the transaction without representing either as a fiduciary agent.
People Also Study
Related Maryland Questions
- In Maryland, if a licensee acts as a dual agent without obtaining written consent from both parties, they have:Agency
- In Maryland, a real estate licensee who accepts compensation from the seller and a fee from the buyer in the same transaction without disclosure to both parties is:Maryland License Law (alternative)
- A Maryland licensee representing a buyer has a duty to:Agency
- In Maryland, a licensee acting as a seller's sub-agent owes fiduciary duties to:Agency
- A Maryland buyer's agent who also represents the seller in the same transaction without written consent from both parties has created an:Agency
- A Maryland licensee who solicits a listed property directly from the seller without going through the listing agent is:Maryland License Law
- In Maryland, a real estate licensee who assists in the purchase of their own property must:Maryland License Law
- A Maryland licensee who practices without completing required continuing education is subject to:Maryland License Law (alternative)
Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Study This Topic
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →