Connecticut salesperson Victor represents buyer client Lena under a signed buyer representation agreement. Lena falls in love with a For Sale By Owner (FSBO) property in Mystic, Connecticut. The seller, Mr. Park, is not represented by any licensee. Victor contacts Mr. Park to arrange a showing. Under Connecticut agency disclosure law, which statement correctly describes Victor's disclosure obligations in this FSBO scenario?
Correct Answer
B) Victor must provide the agency disclosure form to Mr. Park at first substantive contact, clarifying that Victor represents the buyer
Under CGS § 20-325c, Connecticut licensees must provide the agency disclosure form to all parties with whom they have first substantive contact, not just their own clients. When Victor contacts Mr. Park to arrange the showing, he is initiating substantive contact with the seller. Victor must provide the disclosure form to Mr. Park to clarify that Victor represents the buyer, Lena. This protects Mr. Park by ensuring he understands that Victor is not acting in his interest.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
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