Agency
Agency Practice Question
Maryland recognizes which brokerage relationships?
A
Only seller agencyB
Seller representative, buyer representative, dual agent, and intra-company agentC
Transaction broker onlyD
Facilitator onlyExplanation
Maryland recognizes seller rep, buyer rep, dual agent, and intra-company agent (designated agency) relationships.
More Agency Questions
A fiduciary relationship exists between:
Which duty requires an agent to keep the principal informed of all material facts?
Dual agency occurs when:
An agent who exceeds the authority granted by the principal:
A broker who represents both the buyer and seller in the same transaction without the knowledge and consent of both parties is practicing:
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