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Maryland recognizes which brokerage relationships?

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Question & Answer

Review the question and all answer choices

A

Only seller agency

Maryland law does not limit brokerage relationships to seller agency alone β€” this was the historical norm before the 1990s reforms, but Maryland now explicitly recognizes and regulates buyer representation and other relationship types as well.

B

Seller representative, buyer representative, dual agent, and intra-company agent

Correct Answer
C

Transaction broker only

Maryland does not use the 'transaction broker' model as a recognized brokerage relationship β€” this non-agency model is used in states like Florida and Colorado, but Maryland's framework is built around fiduciary-based agency relationships rather than the limited facilitation role of a transaction broker.

D

Facilitator only

The 'facilitator only' model is not a recognized brokerage relationship category under Maryland law β€” Maryland requires agents to operate within one of the four defined agency relationship types, each carrying specific duties and disclosure requirements.

Why is this correct?

Maryland law specifically recognizes four brokerage relationships: seller representative (listing agent), buyer representative, dual agent (where one agent or brokerage represents both parties with informed consent), and intra-company agent β€” also known as designated agency β€” where different agents within the same brokerage represent each party separately. This framework is codified in Maryland's Real Estate Brokers Act and must be disclosed to consumers through the Maryland Brokerage Relationship Disclosure form.

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