Under Indiana law, which statement best describes the disclosure a broker must make about agency status?
Correct Answer
B) Indiana requires a written agency disclosure at first substantive contact; State Form 46234 is the seller property-condition disclosure, not the agency disclosure.
Indiana's agency relationship law requires a licensee to disclose agency status in writing at first substantive contact. State Form 46234 is the Indiana Seller's Residential Real Estate Sales Disclosure form for property-condition disclosure; it should not be used or taught as the agency disclosure form.
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