Licensee David meets buyer couple Anna and Ben at an open house in Worcester for a property listed by his brokerage. This is the first time David has met them to discuss this specific property. Under Massachusetts regulations, what must David do before discussing the property in detail with Anna and Ben?
Correct Answer
C) Provide Anna and Ben with the written Mandatory Licensee-Consumer Relationship Disclosure form
Under 254 CMR 3.00, a Massachusetts licensee must provide the written Mandatory Licensee-Consumer Relationship Disclosure form at the first personal meeting to discuss a specific property. An open house where a specific listed property is being discussed qualifies as such a meeting. The disclosure must be in writing and must explain all available agency relationships, including seller agency, buyer agency, dual agency, and designated agency. A verbal explanation alone does not satisfy this requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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