Under NY Real Property Law §443, at what point during initial contact with an unrepresented consumer must a listing agent provide agency disclosure?
Correct Answer
B) At the first substantive contact, before discussing property-specific details
NY Real Property Law §443 requires agency disclosure at the first substantive contact with a consumer — defined as any interaction involving property-specific information such as condition, pricing, or terms. This disclosure must occur before such information is shared, not after.
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Which of the following most accurately describes the content required in the agency disclosure form under NY Real Property Law §443?
- → Under New York's agency disclosure law, which of the following constitutes 'first substantive contact' that would trigger the disclosure requirement?
- → Under NY Real Property Law §443, at what point must a real estate agent provide the agency disclosure form to a prospective buyer during an initial property visit?
- → In a New York disclosed dual agency transaction, the seller asks the dual agent: 'What is the lowest price I should accept for this property?' How must the dual agent respond?
- → In New York, what happens if a broker acts as a dual agent without obtaining proper written consent from both parties?
- → In New York real estate law, what is dual agency?
- → In New York, what form of consent is required for dual agency?
- → When acting as a dual agent in New York, which type of information can an agent share with both parties?
- → Under New York law, what does 'informed consent' mean in the context of dual agency?
- → A New York real estate broker wants to represent both the buyer and seller in a transaction. What is required under New York law before the broker can act as a dual agent?
- → In New York, a dual agent may do all of the following EXCEPT:
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Previous Question
Agent Kevin works for XYZ Realty in Manhattan. He receives a call from potential buyer Amanda who found his contact information online. Amanda asks about neighborhoods suitable for families with young children. How should Kevin handle this inquiry under NY disclosure law?
Next Question
All of the following constitute 'substantive contact' requiring agency disclosure under NY Real Property Law §443 EXCEPT: