Under New York Real Property Law §443, when must a listing agent provide the agency disclosure form to a prospective buyer visiting an open house?
Correct Answer
B) At the first substantive contact with the visitor regarding the specific property
Under NY RPL §443, the agency disclosure form must be provided at the first substantive contact — defined as any discussion of a specific property's terms, conditions, or characteristics that goes beyond casual greeting. Courts and DOS guidance have interpreted attendance at an open house combined with any property-specific discussion as meeting this threshold, making the disclosure obligation immediate upon that contact.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Agency Relationships Disclosures Question
Background Knowledge for Agency Relationships Disclosures
Real World Application in Agency Relationships Disclosures
Common Mistakes to Avoid on Agency Relationships Disclosures Questions
Related Topics & Key Terms
Key Terms:
More Agency Relationships Disclosures Questions
What is the primary risk that New York dual agency disclosure is designed to address?
Under New York law, what is dual agency?
What document must be provided to both parties before a New York broker can act as a dual agent?
Agent Michelle meets first-time homebuyer Tony at her brokerage's office in Albany. Tony asks about the difference between condos and co-ops in the area. What must Michelle do before explaining these property types?
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:
People Also Study
Buyer Representation Agreement
8% of exam
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Previous Question
Sarah, a real estate salesperson in New York, receives a phone call from a potential buyer who wants to schedule a showing for a property listed by another brokerage. When must Sarah provide the agency disclosure form to this potential buyer under NY Real Property Law §443?
Next Question
Under New York law, which agency relationship arises when a single broker represents both the buyer and the seller in the same transaction, and what is a key legal consequence of that relationship?