Carlos is a licensed NH salesperson representing buyer Michelle in her search for a condominium in Nashua. During their first meeting at Carlos's office, they discuss Michelle's budget, preferred neighborhoods, and desired features. Carlos has not yet shown Michelle any properties. Under RSA 331-A:25-b, which document must Carlos provide to Michelle at this meeting?
Correct Answer
B) The state-approved NH Agency Disclosure Form
RSA 331-A:25-b requires NH licensees to provide the state-approved Agency Disclosure Form at the first substantive contact. The initial meeting in which Carlos and Michelle discuss her budget, preferred neighborhoods, and desired features constitutes first substantive contact, triggering the requirement to provide and review the Agency Disclosure Form.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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