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The buyer must work exclusively with the broker during the term of the
agreement. - 🧠 ANSWER ✔✔Which of the following is one of the buyer's
responsibilities as stated in the Maryland exclusive buyer agency
agreement?
-The buyer must work exclusively with the broker during the term of the
agreement.
-The buyer has seven days to consent to being represented by a
designated or dual agency before terminating the agreement.
,-The buyer must attend three open house events on their own.
-The buyer must make a purchase offer on the first property the agent finds
that meets the buyer's needs.
The address of the property the buyer is purchasing - 🧠 ANSWER
✔✔Which of the following is NOT a required inclusion in a Maryland buyer
representation agreement?
-Each party's duties and responsibilities to the other
-The address of the property the buyer is purchasing
-A definite termination date
-Compensation details
Devon and Courtney will be held to their previous dual agency consent and
the transaction will continue unhindered. - 🧠 ANSWER ✔✔Devon and
Courtney both consented to dual agency when they signed their listing
agreement with Chad from Crab Shack Homes, the Eastern Shore's
,premiere vacation home brokerage. But when another licensee from Crab
Shack presented Chad with an offer, the couple got cold claws and decided
they didn't want the potential conflict of interest with dual agency and
withdrew their consent. Which of the following is NOT a potential outcome?
-The buyers may find another broker to represent them.
-Devon and Courtney will be held to their previous dual agency consent
and the transaction will continue unhindered.
-Crab Shack may terminate the listing agreement.
-Devon and Courtney may terminate their agency relationship with Crab
Shack and find another broker.
Jackson, an associate broker, acts as dual agent and designates two
salespersons from the brokerage to represent each party. - 🧠 ANSWER
✔✔Which of these scenarios depicts a potentially illegal dual agency
arrangement in Maryland?
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, -Corrina gives preliminary consent to dual agency when she signs her
listing agreement, then re-affirms her consent when an offer is made.
-Sandrine represents the seller in a transaction, and another licensee from
her firm represents the buyer. Both parties have consented to dual agency.
-Parker represents a seller, and Jane, a licensee with another firm, delivers
a buyer customer's offer for that seller's property.
-Jackson, an associate broker, acts as dual agent and designates two
salespersons from the brokerage to represent each party.
Fatima isn't permitted to act as a dual agent. - 🧠 ANSWER ✔✔Fatima, a
salesperson, is hosting an open house in Annapolis for her seller client
Ramona. Two interested buyers come in, and after Fatima gives them a
tour they tell her they'd like her to represent them in making an offer. Since
her seller client has already consented to dual agency, she gladly offers to
represent the buyers and helps them write an offer right there at the open