Under Indiana's Agency Relationships in Real Estate Transactions Act (IC 25-34.1-10), all of the following statements about the Agency Disclosure Form are correct EXCEPT:
Correct Answer
C) Providing the signed form to the consumer automatically satisfies the requirement to establish a written agency agreement
Option C is the EXCEPT answer because it is false. The Agency Disclosure Form does not satisfy the requirement to establish a written agency agreement. The disclosure form is a separate, mandatory informational document that discloses the licensee's agency status. A written agency agreement — such as a listing agreement or buyer agency agreement — is a distinct contractual document required to formally create the agency relationship. Conflating the two is a common and heavily tested misconception in Indiana.
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