Broker Angela represents the seller in a residential transaction. Broker Derek, from a different firm, represents the buyer. When Derek brings his buyer client to view Angela's listing, which of the following correctly describes the agency disclosure obligations under Indiana law?
Correct Answer
D) Both Angela and Derek must each provide the Indiana Agency Disclosure Form to their respective clients
Under IC 25-34.1-10, each licensee involved in a transaction must provide the Indiana Agency Disclosure Form (State Form 46234) to the party they are working with. Angela must disclose her agency relationship to the seller (and to the buyer as a courtesy at first substantive contact), and Derek must disclose his buyer agency relationship to his client. Each broker independently bears the disclosure obligation.
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