All of the following constitute 'substantive contact' requiring agency disclosure under NY Real Property Law §443 EXCEPT:
Correct Answer
D) An agent sends an existing represented client a reminder about a previously scheduled showing appointment
Sending an administrative reminder to an existing client about a previously scheduled appointment is not substantive contact — it conveys no property-specific information and involves a party with whom an agency relationship has already been established and disclosed. NY RPL §443 targets first substantive contact with consumers, not routine communications with existing clients.
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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?
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Previous Question
Under NY Real Property Law §443, at what point during initial contact with an unrepresented consumer must a listing agent provide agency disclosure?
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Agent Rachel works for a brokerage in Long Island. She meets John at an open house where she is the listing agent. John asks about the property's heating costs and recent renovations. Rachel provides detailed information and John expresses serious interest. Two days later, John calls Rachel asking her to represent him as a buyer's agent for this and other properties. What disclosure obligations does Rachel have?
