EstatePass
AgencyDisclosure_requirementsEASY

Sarah is a Connecticut licensed salesperson working for Maple Realty. She receives a phone call from Tom, who asks general questions about the current housing market and home prices in Hartford. During the call, Tom mentions he is thinking about buying a home in the next six months. At what point is Sarah required to provide Tom with the Connecticut agency disclosure form?

Correct Answer

D) When Tom's conversation shifts to discussing his specific needs and budget for a home purchase

Under CGS § 20-325c, the agency disclosure form must be provided at 'first substantive contact.' Substantive contact occurs when the conversation moves beyond general market information to discussing the specific needs, preferences, or financial situation of the prospective buyer. When Tom begins discussing his specific home-buying needs and budget, that constitutes first substantive contact, triggering the disclosure obligation.

Answer Options
A
When Tom submits a written offer on a specific property
B
When Tom signs a buyer representation agreement with Maple Realty
C
When Tom schedules his first property showing with Sarah
D
When Tom's conversation shifts to discussing his specific needs and budget for a home purchase

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Agency Question

Sign up free to unlock full analysis

Background Knowledge for Agency

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Agency

Sign up free to unlock full analysis

Common Mistakes to Avoid on Agency Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

agency_disclosurefirst_substantive_contactCGS_20-325ctiming

Related Concepts

In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.

An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.

A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.

Was this explanation helpful?

More Agency Questions

People Also Study

Related Articles

Agency Questions

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing