What information regarding dual agency in teams must be provided to the buyer and seller?

Prepare for the Agent Roles and Obligations in Maryland Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The correct information that must be provided regarding dual agency in teams is the fact that the team could have a financial interest in the transaction's outcome. This requirement is crucial because it addresses the potential conflict of interest that can arise when a real estate team represents both the buyer and seller in the same transaction.

In a dual agency situation, it is essential for both parties to understand that their agents may have a financial stake in how the transaction unfolds. This transparency helps to ensure that the clients are fully informed about any potential biases that could affect the agent's objectivity and decision-making during the negotiation process. By disclosing the team's financial interest, agents fulfill their obligation to act in the best interests of their clients, promoting trust and minimizing misunderstandings.

Other options do not capture the primary concern in dual agency disclosure. While providing the name of the specific team, the names of all team members involved, or detailing the regulations around dual agency may contribute to the context of the transaction, they do not address the critical issue of financial interest, which is vital for clients to be aware of in order to make informed decisions.

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