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What is the disclosure of the brokerage relationship?

The brokerage disclosure is a written explanation signed by the prospective buyer or seller of real estate, which clearly explains the brokers role in the transaction.

When must a licensee disclose agency relationships?

To prevent implied agency, it is vital that all real estate professionals disclose agency relationships to all potential customers. The agent must give oral disclosure of agency representation upon initial contact with a party and written disclosure is required upon substantive discussion.

What is the purpose of a disclosure form?

The landlords agent must disclose to potential tenants all adverse material facts actually known by the landlords agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the landlord.

What is a brokerage relationship disclosure form?

A Real Estate Agency Relationships Disclosure (Agency Agreement) is a written agreement that formally defines the type of relationship or representation a licensed Broker/Agent agrees to provide to their client, while performing duties relating to real estate transactions.

What is a brokerage disclosure to a tenant?

brokers must retain brokerage relationship disclosure documents for five years for all residential transactions that result in a written contract to purchase and sell real property.

real estate relationship disclosure form

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