What is the role of the Maryland Real Estate Commission in agency relationships?

The role of the Maryland Real Estate Commission is primarily to regulate agent conduct and ensure compliance with laws. This oversight helps maintain standards within the real estate industry, protecting both consumers and agents. The Commission is responsible for enforcing real estate laws and regulations, which include licensing requirements, ethical standards, and guidelines for fair practices. By ensuring that agents operate within these legal frameworks, the Commission fosters trust and safety in real estate transactions.

While other options might seem plausible, they do not accurately reflect the Commission's primary responsibilities. For example, establishing market prices for real estate falls outside the Commission’s purview, as market prices are determined by supply and demand dynamics rather than regulatory bodies. Similarly, the Commission does not provide legal representation for agents; rather, agents are expected to operate independently within the regulatory framework set forth by the Commission. Moreover, managing real estate transactions on behalf of consumers is not a function of the Commission; instead, this role typically falls to individual agents or brokers who represent clients in transaction processes.