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Reply to "Is the Buyer Agency Agreement necessary in MD?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our agent says A Realtor may not submit an offer for you without a signed Buyer Agency Agreement. Is that correct statement? Thanks[/quote] What do you mean "our agent"? If you don't have a signed agency agreement, how is that person *your* agent? https://www.mdrealtor.org/Legal-Resources/Frequently-Asked-Questions#:~:text=Answer%3A%20No.,530(a)(2). https://www.mdrealtor.org/Portals/0/adam/Content/zQqLmRTjx0O627gO98GNJQ/Link/FINAL-Brokerage-Chart-Web.pdf https://law.justia.com/codes/maryland/2013/article-gbo/section-17-530/[/quote] Thank you. A Realtor in MD may not submit an offer for you without a signed Buyer Agency Agreement. Is that correct statement? Thanks[/quote] I think this might be true on that you need to indicate they can act for you on this transaction. Are you wanting to not use an agent?[/quote] I want to use an agent. Is there any [b]legal document[/b] supporting your thought? As I searched online, there are many people who bought a property without signing such an agreement. I understand that it depends on the state. I cannot find a definite yes/no answer to my question.[/quote] What does "is there any legal document supporting your thought" mean? DP, but agency principle law is pretty clear that there needs to be a basis for someone to act as an agent on behalf of the principle. I have no knowledge of the specific form in question, but I can tell you that there needs to be an agreement in place. [/quote]
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