In Michigan, the Agency Disclosure must be provided:

Agency disclosure is a fundamental concept in real estate practice that protects consumers by ensuring they understand the relationship they have with their real estate agent. In Michigan, as in most states, this requirement exists to prevent misunderstandings about representation. The question tests when this disclosure must occur. Option A (at closing) is incorrect because disclosure happens too late at this point. Option B is correct because Michigan law mandates disclosure before any binding agreement is signed, ensuring informed consent. Option C is wrong because disclosure is mandatory, not optional. Option D is incorrect because waiting until after offer acceptance misses critical decision points. This question challenges students by testing their understanding of timing requirements in agency relationships, which is crucial for compliance and consumer protection.