Under Maryland's dual agency rules, which of the following actions is a dual agent PERMITTED to take after obtaining written consent from both parties?
Correct Answer
C) Assist both parties with the mechanics of the transaction, such as scheduling inspections and coordinating closing
A Maryland dual agent, even with written consent from both parties, is prohibited from disclosing confidential information of either party to the other and cannot advocate exclusively for one party's interests. However, the dual agent may still assist both parties with the mechanics and logistics of the transaction, such as scheduling inspections, coordinating with settlement companies, and facilitating communication—as long as the agent remains neutral.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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