Agent Lisa in Provo is about to show a home to prospective buyer Derek for the first time. Under Utah law, when must Lisa provide Derek with a written agency disclosure?
Correct Answer
A) Before showing the property to Derek
Utah Administrative Code R162-2f-401 requires that a licensee provide a written agency disclosure to a prospective buyer or seller before the licensee performs any substantive services, which includes showing property. The disclosure must occur before the first showing, not at the time of offer or later. This is one of Utah's most frequently tested timing rules and a common exam trap.
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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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