Under Indiana's Agency Relationships in Real Estate Transactions Act, which of the following statements correctly describes the relationship between the Indiana written agency disclosure and the establishment of an actual agency relationship?
Correct Answer
D) The written agency disclosure informs parties of the licensee's agency status but does not by itself create an agency relationship
Under IC 25-34.1-10, the written agency disclosure is a disclosure document — it informs parties about the licensee's agency status and the nature of the relationship being offered. It does not by itself create a binding agency relationship. Agency is established through a separate agreement (such as a listing agreement or buyer agency agreement). The disclosure form is a transparency tool, not a contract of representation.
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