In Tennessee, which document is specifically required by state law to be used when disclosing agency relationships, including dual agency, to buyers and sellers?
Correct Answer
B) The TREC-approved Agency Disclosure form
Tenn. Code Ann. § 62-13-401 et seq. mandates the use of the TREC-approved Agency Disclosure form for disclosing agency relationships in Tennessee real estate transactions. This is a state-specific requirement; the form is prescribed by TREC and must be used at first substantive contact.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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.
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