A licensed Maryland salesperson, Rachel, is holding an open house for a listed property. During the open house, a prospective buyer, Kevin, approaches Rachel and begins asking detailed questions about the neighborhood, school districts, and whether the home would be a good investment. At what point is Rachel required to provide Kevin with the Maryland Disclosure of Brokerage Relationship form?
Correct Answer
B) At the first substantive contact with Kevin as a prospective buyer
Under Maryland's Brokerage Relationship Disclosure requirements (Md. Code Ann., Bus. Occ. & Prof. § 17-532), licensees must provide the written Disclosure of Brokerage Relationship form at the first substantive contact with a prospective buyer or seller. Kevin's detailed questions about the neighborhood, schools, and investment potential constitute substantive contact, triggering the disclosure obligation at that moment during the open house.
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Related Topics & Key Terms
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Related Concepts
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
A stigmatized property is one that has an undesirable reputation due to events that occurred on the property or nearby, such as a murder, suicide, alleged haunting, or proximity to a registered sex offender. The stigma is psychological, not physical.
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