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What is an agency disclosure form?

Massachusetts law requires only that home sellers: disclose the existence of lead paint (see the Massachusetts Lead Paint Statute) home sellers. disclose the presence of a septic system (see Title 5 of the Massachusetts Environmental Code), and. do not make any misrepresentations of fact or false statements (Mass.

What is the purpose of a disclosure form?

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.

What is the purpose of agency disclosure?

The listing agent must provide the agency disclosure to a seller or landlord prior to entering into a listing agreement. A sellers or landlords agent must provide the disclosure to a buyer, buyers agent, tenant or tenants agent at the time of first substantive contact.

What disclosures are required in Massachusetts?

Agents need to fill out the form. Three steps to agency disclosure are disclose, elect, confirm. is a contract to employ a broker, legally referred to as an agent, to certain things for the owner or seller.

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