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Authorized Relationships DisclosuresTransaction_brokerHARD

A real estate brokerage has established a policy that all licensees work as transaction brokers unless a single agent relationship is specifically requested and agreed to in writing. A new customer calls asking about properties. What disclosure should be made?

Correct Answer

D) The transaction broker disclosure should be made before providing services

The transaction broker disclosure should be made before providing any brokerage services, including discussing properties over the phone. Waiting until showing properties or making offers is too late. Written disclosure is required, not just verbal.

Answer Options
A
Disclosure can wait until the customer wants to make an offer
B
Only verbal disclosure is required for telephone conversations
C
No disclosure is needed until showing properties
D
The transaction broker disclosure should be made before providing services

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Related Topics & Key Terms

Key Terms:

disclosure_timingbrokerage_policytransaction_broker
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