AgencyAgency_disclosure_form_requirementsEASY
According to Indiana's Agency Relationships in Real Estate Transactions Act, when must a licensee first provide the Agency Disclosure Form to a prospective buyer or seller?
Correct Answer
C) At the first substantive contact with the prospective buyer or seller
Under IC 25-34.1-10, Indiana requires that the Agency Disclosure Form (State Form 46234) be provided at the first substantive contact with a prospective buyer or seller. 'First substantive contact' means the first discussion of specific real property or the needs and financial qualifications of the consumer, whichever occurs first.
Answer Options
A
At the time a purchase agreement is signed by all partiesB
At the time a listing agreement or buyer agency agreement is executedC
At the first substantive contact with the prospective buyer or sellerD
At least 24 hours before any offer is submitted or acceptedWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Agency Question
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Background Knowledge for Agency
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Real World Application in Agency
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Related Topics & Key Terms
Key Terms:
agency_disclosurefirst_substantive_contacttimingic_25-34.1-10
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