Agency (alternative)
When a Maryland buyer asks their agent 'What's the lowest the seller will take?' the agent should respond:
AWith the seller's true minimum if the agent knows it
BBy explaining they cannot share confidential seller information and encouraging the buyer to make their best offer✓ Correct
CWith a guess based on market analysis
DBy setting up a direct call between buyer and seller
Explanation
Whether representing the buyer or seller, agents must respect confidentiality. A buyer's agent cannot reveal the seller's minimum price (which they may not know), and a seller's agent must protect that information.
Related Maryland Agency (alternative) Questions
- 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:
- In Maryland, a 'net listing' is prohibited primarily because:
- When a Maryland agent refers a client to a related home inspection company and receives a fee, RESPA requires:
- In Maryland, which of the following could create an implied dual agency?
- A Maryland real estate firm where one agent listed a property and another showed the same property to a buyer they represent — without in-house agency disclosure — may have violated:
- A Maryland buyer's agent who misrepresents to a seller that their buyer has financing in place when they have not yet applied for a mortgage has:
- In Maryland, the duty of confidentiality means a former client's information must be protected:
- Under Maryland law, the termination of a listing agency agreement occurs automatically upon:
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