During a showing, buyer's agent Rebecca introduces her client Daniel to listing agent Carlos. Carlos then turns to Daniel and begins a direct conversation about the property. At what point, if any, does Carlos have an agency disclosure obligation to Daniel under NY RPL §443?
Correct Answer
D) Disclosure is required as soon as Carlos engages Daniel in any substantive discussion about the property
NY RPL §443 requires a licensee to provide the agency disclosure form at the first substantive contact with a consumer, regardless of whether that consumer is already represented. 'Substantive contact' means any interaction involving property-specific information, terms, or conditions — not merely a greeting. Once Carlos moves beyond pleasantries and begins discussing the property directly with Daniel, the disclosure obligation is triggered. The existence of Rebecca's representation does not transfer or satisfy Carlos's independent statutory obligation.
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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?
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- → 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?
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- → In New York, what happens if a broker acts as a dual agent without obtaining proper written consent from both parties?
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- → 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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Under NY Real Property Law §443, agency disclosure is NOT required in which of the following situations?
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Listing agent Patricia receives a text from an unrepresented buyer prospect, Robert, asking about the asking price and square footage of her listing. Under NY RPL §443, what is Patricia's disclosure obligation before responding?
