Robert is a Connecticut licensed salesperson at Shoreline Realty. He is representing seller Patricia in the sale of her Stamford condominium. Buyer's agent Kevin from another brokerage brings his client, buyer Carl, to view the property. Kevin has already provided Carl with the agency disclosure form. Which statement correctly describes Robert's agency disclosure obligations in this situation?
Correct Answer
D) Robert must provide the agency disclosure form to Carl at first substantive contact, clarifying that Robert represents the seller
Under CGS § 20-325c, each licensee involved in a transaction has an independent obligation to provide agency disclosure to the parties with whom they have first substantive contact. Robert represents the seller and must disclose his agency relationship to Carl (the buyer) at first substantive contact, regardless of what Kevin has already disclosed. This ensures Carl understands that Robert acts in Patricia's interest, not Carl's.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
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.
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