Sarah is a licensed NH salesperson working for Granite State Realty. A prospective buyer named Tom calls the office and asks Sarah general questions about the local real estate market and available listings. Sarah has not yet discussed representation with Tom. Under RSA 331-A:25-b, when must Sarah disclose her agency relationship to Tom?
Correct Answer
D) At the first substantive contact with Tom
RSA 331-A:25-b requires NH licensees to disclose their agency relationship at the 'first substantive contact' with any party. A phone call involving questions about the market and available listings constitutes substantive contact, triggering the disclosure obligation immediately.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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