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Under Michigan law, when must a real estate licensee first disclose the agency relationship to a prospective buyer who is being shown a listed property?

Correct Answer

D) At the time of first contact with the buyer, before providing any real estate services

Under the Michigan Occupational Code (MCL 339.2512d), a licensee must disclose the agency relationship to a prospective buyer at the time of first contact and before providing any real estate services. This ensures the buyer understands whom the agent legally represents before any substantive assistance is given.

Answer Options
A
At the closing of the real estate transaction
B
Before the buyer signs any purchase agreement
C
Only when the buyer makes a written offer on a property
D
At the time of first contact with the buyer, before providing any real estate services

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Related Topics & Key Terms

Key Terms:

agency_disclosurefirst_contactbuyer_representationMCL_339

Related Concepts

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.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

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