Sarah is a licensed sales agent in Utah. She meets a prospective buyer, Marcus, at her brokerage office on Monday afternoon. Marcus says he wants to see a home listed at $450,000 that same afternoon. What must Sarah do before driving Marcus to the property?
Correct Answer
A) Provide Marcus with a written agency disclosure
Under Utah Administrative Code R162-2f-401, Sarah must provide Marcus with a written agency disclosure before showing him any property. This requirement applies regardless of whether a formal representation agreement is in place, and it must happen before the showing — not after, and not at the time of an offer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
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.
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