Under Maryland law, which document must be used to obtain a client's consent to dual agency?
Correct Answer
B) The MREC-mandated Consent for Dual Agency form
Maryland law, under the Maryland Real Estate Brokers Act and MREC regulations, requires the use of a specific Consent for Dual Agency form mandated by the Maryland Real Estate Commission (MREC). No other document satisfies this requirement, making it a uniquely Maryland procedural obligation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
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.
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