How does Maryland law define the requirements for a buyer's agent?

The correct choice indicates that a signed buyer agency agreement or buyer acknowledgment of sub-agency is required under Maryland law for a buyer's agent. This requirement is integral because it formalizes the relationship between the buyer and the agent, ensuring that both parties understand their roles, responsibilities, and obligations within the transaction.

By having a signed agreement, the buyer's agent is able to provide full fiduciary duties to the buyer, which include loyalty, full disclosure, and confidentiality. This legal framework helps to establish trust and clarity in the real estate transaction process. It also serves to protect the interests of the buyer by outlining the terms of service and any compensation involved.

In contrast, a verbal agreement alone does not provide the same level of legal protection or clarity; therefore, it does not fulfill the requirements set forth by Maryland law. Similarly, the option stating that buyers do not need to sign any agreement misconstrues the necessity of having a documented agreement to ensure both accountability and professionalism in the real estate process. Presenting a list of previous transactions, while potentially useful for establishing credibility, is not a requirement for the formation of a buyer-agent relationship in itself.

Overall, requiring a signed buyer agency agreement or acknowledgment facilitates a clear and legally enforceable relationship that benefits