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Agent Marco in Rhode Island is working with buyer Lisa and has shown her several properties. Lisa asks Marco, 'Who do you represent in this transaction?' Marco has not yet provided any agency disclosure. Under Rhode Island's Agency Disclosure Act, which of the following describes the form in which Marco's agency disclosure must be made?

Correct Answer

D) Marco must provide the agency disclosure in writing at or before the first substantive contact

Under R.I. Gen. Laws § 5-20.6, the agency disclosure in Rhode Island must be made in writing, and it must occur at or before the first substantive contact with a party. Since Marco has already been showing Lisa properties without making this disclosure, he is in violation of the statute. The disclosure must be written — not merely verbal — and must happen at the beginning of the relationship, not later in the transaction.

Answer Options
A
Marco must provide the agency disclosure in writing only if Lisa requests it in writing
B
Marco must provide the agency disclosure verbally at first substantive contact, followed by written confirmation within 3 business days
C
Marco may make the disclosure verbally at any point before the closing date
D
Marco must provide the agency disclosure in writing at or before the first substantive contact

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Related Topics & Key Terms

Key Terms:

agency_disclosurewritten_disclosurefirst_substantive_contactri_agency_disclosure_act

Related Concepts

A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.

An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

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