What would be considered evidence of the agency relationship between broker and seller?

An agency relationship is formed when the agent and a buyer or seller sign an agency disclosure or agreement form. In many cases, the client does not legally have to agree to sign anything. The agreement or disclosure states that the agent is acting on behalf and in the best interest of the client.

Which of the following agents need to provide an agency disclosure?

The listing agent must provide the disclosure to the seller prior to securing the listing agreement. The selling agent must provide the disclosure to the seller as soon as practicable prior to presenting a purchase offer.

When must the agency disclosure form be presented explained and signed?

Sellers should receive the disclosure paperwork from the listing agent prior to signing the listing agreement, with ample time to read and review it.

What is the primary purpose of 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.

What is required to disclose in Massachusetts real estate?

Massachusetts law requires only that home sellers disclose the existence of lead paint (see the Massachusetts Lead Paint Statute) and the presence of a septic system (see Title 5 of the Massachusetts Environmental Code).

When must a listing agent disclose his or her agency relationship?

prior to completing a listing agreement. An agent who intends to represent a seller or owner must disclose the import of the proposed agency relationship in writing before the listing agreement is executed.

What does real estate agency relationship disclosure mean?

An agency relationship is formed when the agent and a buyer or seller sign an agency disclosure or agreement form. In many cases, the client does not legally have to agree to sign anything. The agreement or disclosure states that the agent is acting on behalf and in the best interest of the client.

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MA Mandatory Real Estate Licensee - Consumer Relationship Disclosure 2017

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Q: What is a Massachusetts mandatory real estate licensee consumer relationship disclosure?

All real estate licensees, regardless of the working relationship with a consumer must, by law, present properties honestly and accurately, and disclose known material defects in the real estate. The duties of a real estate licensee do not relieve consumers of the responsibility to protect their own interests.

Commonwealth of Massachusetts BOARD OF REGISTRATION OF REAL ESTATE BROKERS AND SALESPERSONS www.mass.gov/dpl/boards/re MASSACHUSETTS MANDATORY REAL ESTATE LICENSEECONSUMER RELATIONSHIP DISCLOSURE THIS.

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