What is the purpose of the Agency Disclosure and Consent form in Maryland?

The Agency Disclosure and Consent form in Maryland serves a crucial role in informing consumers about the nature of the agency relationship. This document clarifies the duties and responsibilities of the agent towards the client and outlines how the agent will represent the client in real estate transactions. It is essential for establishing transparency in the agent-consumer relationship, thereby enabling consumers to make informed decisions when entering agreements.

This form is a statutory requirement in Maryland, and its primary purpose is to ensure that consumers understand whether the agent is acting as a representative of the buyer, the seller, or both (dual agency), and what that means for their rights and obligations. By clearly explaining these aspects, the form protects consumers and promotes fair practice within the real estate industry.

The other options do not accurately reflect the primary purpose of the Agency Disclosure and Consent form. It is not focused on qualifying agents for license renewals, evaluating agent performance, or specifically protecting agents from legal issues, although providing a clear understanding of relationships may have some ancillary legal protection.