Which of the following is NOT required in a Maryland buyer representation agreement?

In a Maryland buyer representation agreement, the requirement for certain elements is established to ensure clarity and legal protection for both parties involved in the transaction. An essential component of this agreement is to specify the duties and obligations of each party, which ensures that the buyer understands what the agent is responsible for and vice versa. Including a definite termination date is also crucial as it gives the agreement a set timeframe during which the representation is valid, allowing both the buyer and the agent to have a clear understanding of the duration of their commitment.

Compensation details are important to outline how the agent will be paid, as this clarifies financial expectations and prevents potential disputes over payment in the future.

However, specifying the address of the property that the buyer is purchasing is not a mandatory requirement in the buyer representation agreement. This is because buyers may not have a specific property in mind at the time of signing the agreement. They may be looking at various options, and the agreement is more about the professional relationship and responsibilities than about a single property. Therefore, the correct answer highlights a component that is not essential to the formal structure of the agreement.