Kentucky Agency Disclosure Statement for Buyer: Fill out & sign online

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Click ‘Get Form’ to open the Kentucky Agency Disclosure Statement for Buyer in the editor.
Begin by entering the Buyer(s) name and the Property Address in the designated fields at the top of the form.
In Section I, indicate if the transaction involves two agents from different brokerages by filling in the agent's name and brokerage details.
For Section II, select whether it’s a Designated Agency or Dual Agency. Provide necessary details about the agents involved as required.
In Section III, mark whether there is only one real estate agent involved and specify their role regarding representation.
Finally, review all entries for accuracy, then sign and date at the bottom of the form to consent to the agency relationships outlined.

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What is buyer agency disclosure?

The disclosure form explains that a broker can represent a seller alone, a buyer alone, or both at the same time, known as dual agency. The form explains that dual agency is only legal in a real estate transaction if both the seller and the buyer understand and consent to the arrangement.

Whats the purpose of the agency disclosure statement used in Kentucky residential transactions?

Offers to Purchase Counteroffers in Kentucky In Kentucky, it is required that an offer and/or counteroffer by prepared at the direction of a licensed agent. Offers and counteroffers must include: The purchase price and the amount of deposit, as well as who will be entrusted with the deposit.

What has to be disclosed when selling a house in Kentucky?

Full disclosure during the sale of the home is required by law. Failure to disclose any known issues or problems with the house or property can result in legal action from the buyer. This includes previous damage from a fire or natural disaster or broken heat and central air systems.

What is the purpose of the agency disclosure?

Why is the licensee required to make the agency disclosure? Its purpose is to make clear to the other parties involved in the transaction that you do not represent them. If the person you provide the agency disclosure to refuses to sign and date it what happens?