Licensee Sandra represents buyer Greg, who wants to purchase a home in Bowling Green. Sandra shows Greg three properties on Saturday morning. She has not yet provided him with a written agency disclosure form. On Sunday, Greg calls Sandra and says he wants to make an offer on one of the properties. Which of the following best describes Sandra's compliance status under Kentucky law?
Correct Answer
D) Sandra has violated Kentucky law by failing to provide disclosure at first substantive contact
Under KRS 324.360 and 201 KAR 11:121, the written agency disclosure must be provided at first substantive contact. Showing properties to Greg on Saturday morning constituted first substantive contact at the latest — and likely occurred even earlier. By failing to provide the written disclosure form before or during those showings, Sandra has already violated Kentucky's agency disclosure requirements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
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