Sarah is a licensed salesperson in Idaho working under Designated Broker Tom at Clearwater Realty. She meets a potential buyer, Marcus, at an open house and begins discussing his housing needs and budget in detail. According to Idaho law, at what point must Sarah provide Marcus with the IREC-approved Agency Disclosure Brochure?
Correct Answer
D) At the first substantive contact with Marcus
Under the Idaho Agency Disclosure Act (Idaho Code § 54-2085), a licensee must provide the IREC-approved Agency Disclosure Brochure at the time of 'first substantive contact' with a potential buyer or seller. Discussing housing needs and budget qualifies as substantive contact, so Sarah must provide the brochure at this open house meeting, before the relationship progresses further.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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