Marcus is a New Hampshire buyer's agent who meets a buyer, Elena, at an open house hosted by the listing agent. Elena asks Marcus to represent her in purchasing the home. Marcus shows Elena the property and answers her questions. At what point was Marcus required to disclose his agency relationship to Elena?
Correct Answer
B) When Marcus and Elena first had substantive contact about the property
RSA 331-A:25-b requires disclosure at 'first substantive contact.' When Marcus and Elena began discussing the property — answering her questions and discussing representation — that conversation constituted first substantive contact, triggering the immediate obligation to provide the Agency Disclosure Form.
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Related Topics & Key Terms
Key Terms:
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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