Final answer:
Transactional brokerage, where no one is represented, is permitted and recognized by law in Maryland.
Step-by-step explanation:
Transactional brokerage, where no one is represented, is permitted and recognized by law in Maryland.
In transactional brokerage, the real estate agent acts as a neutral party and does not represent either the buyer or the seller. Instead, the agent facilitates the transaction and helps with paperwork and other administrative tasks.
Transactional brokerage can be a suitable option when both parties are experienced and knowledgeable about real estate transactions and prefer to handle negotiations and other matters themselves.