MD Real Estate License Exam Questions and Answers 100% Pass

MD Real Estate License Exam Questions and Answers 100% Pass 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 buyer must work exclusively with the broker during the term of the agreement. 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 The address of the property the buyer is purchasing 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. Devon and Courtney will be held to their previous dual agency consent and the transaction will continue unhindered. Which of these scenarios depicts a potentially illegal dual agency arrangement in Maryland? -Corrina gives preliminary consent to dual agency when she signs her listing agreement, then re- affirms her consent when an offer is made.