What must Lauren do before showing properties to Steven, as they do not have an agency agreement?

What must Lauren do before showing properties to Steven, as they do not have an agency agreement?

• A. Cancel the appointment since they don't have an agency agreement.
• B. Get her broker's permission to show Steven the properties.
• C. Have Steven sign either a buyer agency agreement or an Understanding Whom Real Estate Agents Represent form.
• D. Make sure that she's printed out at least three additional listings for them to see.

Answer: (C)

Before showing properties to Steven, Lauren must have him sign either a buyer agency agreement or an Understanding Whom Real Estate Agents Represent form. This step is crucial because, without an agency agreement, Lauren has not established a formal agency relationship with Steven. By obtaining one of these documents, Lauren ensures that both parties understand the nature of their relationship, including the duties and responsibilities involved. The buyer agency agreement explicitly outlines Lauren's role and obligations, while the Understanding Whom form clarifies the distinctions between different types of agency relationships, ensuring that Steven is informed about the different levels of representation available to him. This approach not only complies with Maryland's real estate regulations but also protects both Lauren and Steven's interests, fostering transparency and clarity in their potential working relationship. It sets the groundwork for addressing any questions or concerns Steven may have about the representation and the services Lauren will provide.

Before showing properties to Steven, Lauren must have him sign either a buyer agency agreement or an Understanding Whom Real Estate Agents Represent form. This step is crucial because, without an agency agreement, Lauren has not established a formal agency relationship with Steven. By obtaining one of these documents, Lauren ensures that both parties understand the nature of their relationship, including the duties and responsibilities involved. The buyer agency agreement explicitly outlines Lauren's role and obligations, while the Understanding Whom form clarifies the distinctions between different types of agency relationships, ensuring that Steven is informed about the different levels of representation available to him.

This approach not only complies with Maryland's real estate regulations but also protects both Lauren and Steven's interests, fostering transparency and clarity in their potential working relationship. It sets the groundwork for addressing any questions or concerns Steven may have about the representation and the services Lauren will provide.