Maryland licensee Paul has been working with buyer Anna under a written buyer agency agreement. Anna decides she wants to purchase a property listed by a different brokerage entirely. Paul contacts the listing agent at that other brokerage to schedule a showing. Which of the following best describes Paul's agency relationship with Anna in this transaction?
Correct Answer
A) Paul remains Anna's buyer's agent and owes fiduciary duties exclusively to Anna
When a Maryland buyer's agent cooperates with a listing from a different brokerage, the buyer's agent retains the buyer agency relationship and continues to owe fiduciary duties exclusively to the buyer. Cooperating with a listing from another firm does not change the nature of the buyer's agent's relationship with their client. Paul's written buyer agency agreement with Anna remains in effect, and he owes her loyalty, confidentiality, disclosure, obedience, and accounting.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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