Salesperson Maria meets a prospective buyer, David, at an open house. David begins asking Maria detailed questions about the specific property and the neighborhood. According to Massachusetts law, what must Maria do at this meeting?
Correct Answer
A) Provide David with a written agency disclosure form before the meeting concludes
Under 254 CMR 3.00, when a licensee has a first personal meeting with a consumer to discuss a specific property, the licensee must provide the written agency disclosure form at that meeting. An open house where a consumer asks detailed questions about the specific property qualifies as such a meeting, triggering the immediate written disclosure obligation.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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.
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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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