Massachusetts regulations require a licensee to provide a written agency disclosure to a consumer at a specific point in the relationship. When must this disclosure be provided?
Correct Answer
D) At the first personal meeting to discuss a specific property
Under 254 CMR 3.00, Massachusetts licensees must provide the written Mandatory Licensee-Consumer Relationship Disclosure at the first personal meeting with a consumer to discuss a specific property. This timing requirement is strictly enforced, and failure to provide the disclosure at this point constitutes a violation of Board regulations.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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