Disclosure Regarding Agency With Choice
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FAQ
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.
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.
Disclose, elect, confirm. (You are correct. The agency disclosure law requires the agent to first disclose the existence of the law at the earliest possible moment to the prospective client. Then, the agent needs to elect who they will represent and confirm that election.)
The steps in the agency disclosure process are: disclose, select, and confirm.
