Which document is specifically required by Tennessee law to disclose agency status to consumers in a real estate transaction?
Correct Answer
C) The TREC-approved Agency Disclosure form
Tennessee's Agency Relationships in Real Estate Transactions Act, Tenn. Code Ann. § 62-13-405, mandates the use of the TREC-approved Agency Disclosure form to disclose agency status. TREC prescribes the exact form that must be used; agents cannot substitute a different document for this purpose.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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