Under RSA 331-A:25-b, New Hampshire licensees must make agency disclosures in a variety of situations. Which of the following is NOT a situation that triggers the agency disclosure requirement?
Correct Answer
C) A licensee attends a continuing education class and discusses real estate trends with fellow licensees
A continuing education class attended by fellow licensees is a professional education setting, not a client-facing interaction. RSA 331-A:25-b requires agency disclosure at 'first substantive contact' with prospective buyers or sellers. Conversations between licensees at a CE class do not involve prospective clients and therefore do not trigger the agency disclosure requirement.
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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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