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When must an agency disclosure statement be given to a consumer quizlet?

If the licensee is a sellers agent, the licensee is required to give an Agency Disclosure statement to a buyer before assisting the buyer in preparing the offer or at the time the offer is being presented to the sellers agent by the buyer. 1.

When should the agency law pamphlet be given to a person quizlet?

Terms in this set (25) Each party must receive the agency law pamphlet before either party signs an agency agreement, signs an offer consent to a dual agency, or waives any agency rights, whichever of these events comes first.

What is the primary purpose for agency Disclosure?

The purpose of the agency disclosure form is to protect the client. Upon signing, there is no contractual obligation to exclusively work with that agent, however, this document does make sure that everyone who hires a real estate agent understands the full scope of their relationship dynamic.

Which of the following is a true statement regarding agency disclosure in Texas?

Which of the following is a TRUE statement regarding agency disclosure in Texas? The answer is a license holder must disclose who they represent in a transaction orally or in writing.

What are included steps in agency disclosure group of answer choices?

Step 1: The real estate agent discloses or presents the choice of being the agent for only the seller, for only the buyer, or for both. Step 2: The seller and/or buyer make their choices known. Step 3: The agent, seller, and buyer sign the required form.

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What is the three step disclosure process?

The confirmation of agency must be in writing, the three steps of the disclosure process are disclose, elect, and confirm, and the selling agent must confirm the agency prior to the buyer making an offer.

What are included steps in agency disclosure group of answer choices?

Step 1: The real estate agent discloses or presents the choice of being the agent for only the seller, for only the buyer, or for both. Step 2: The seller and/or buyer make their choices known. Step 3: The agent, seller, and buyer sign the required form.

What is first step in California agency disclosure process?

The steps in the agency disclosure process are: disclose, select, and confirm.

At what point must an agency disclosure be given quizlet?

1) When must a licensee provide an agency disclosure to a prospective client? - The listing agent must provide the disclosure to the seller prior to securing the listing agreement.

Which of the following is required for an agency to be formed quizlet?

The two essential components for the creation of an agency are consent and control.

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When must an agency disclosure statement be given to a consumer quizlet?

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