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Under Massachusetts regulations, when must a licensee provide the mandatory written agency disclosure to a consumer in connection with a real estate transaction?

Correct Answer

B) At the first personal meeting with the consumer to discuss a specific property

254 CMR 3.00 explicitly requires that the mandatory written agency disclosure be provided at the first personal meeting to discuss a specific property. This timing requirement is a Massachusetts-specific rule and is strictly enforced. Providing the disclosure at any later point — such as at contract signing — is a regulatory violation.

Answer Options
A
At the time the purchase and sale agreement is signed by both parties
B
At the first personal meeting with the consumer to discuss a specific property
C
Within three business days after the initial telephone inquiry from the consumer
D
At the time the listing agreement or buyer representation agreement is executed

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Related Topics & Key Terms

Key Terms:

agency_disclosure254_CMR_3timingmandatory_disclosure

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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