AgencyAgency_disclosure_form_requirementsEASY
Sarah, a licensed Indiana broker, meets a prospective buyer named Marcus at an open house. Marcus asks Sarah several questions about the neighborhood and the list price of the home. At what point during this interaction is Sarah required to provide Marcus with the Indiana Agency Disclosure Form?
Correct Answer
B) When the first substantive contact occurs — during the discussion of the specific property
Under IC 25-34.1-10, the Agency Disclosure Form must be provided at the first substantive contact. When Marcus begins discussing the specific property — including questions about list price and neighborhood — that constitutes first substantive contact. Sarah must provide State Form 46234 at that point during the open house interaction.
Answer Options
A
Only if Marcus expresses a serious intent to make an offer on the propertyB
When the first substantive contact occurs — during the discussion of the specific propertyC
Before the open house begins, by posting the form at the entrance for all visitorsD
Within 24 hours after the open house, by delivering the form to Marcus electronicallyWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
agency_disclosureopen_housefirst_substantive_contactbroker_duties
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