In Indiana, agency disclosure must be provided:
Correct Answer
B) At the first substantive contact — before providing real estate brokerage services
Indiana law requires licensees to disclose their agency relationship at the earliest meaningful opportunity, before providing brokerage services to a prospective buyer or seller.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
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- → A Vermont licensee is asked about a designated agency firm appoints separate agents for buyer and seller. What is the best answer?
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- → In Vermont, a brokerage hosts an open house for unrepresented visitors. Which statement is correct?
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