Broker Chen represents the seller of a home in Salt Lake City. A buyer, unrepresented by any agent, contacts Broker Chen directly and asks to tour the property. Before the showing, Broker Chen provides the buyer with a written agency disclosure stating that she represents the seller. The buyer tours the home and later submits an offer. Which of the following statements is most accurate regarding Broker Chen's agency disclosure obligations?
Correct Answer
B) Broker Chen satisfied her disclosure obligation by providing the written disclosure before the showing
Under Utah Administrative Code R162-2f-401, a licensee must provide a written agency disclosure before showing property, regardless of whether the person being shown the property is represented or unrepresented. Broker Chen correctly disclosed her seller-agency relationship in writing before the showing, satisfying Utah's timing requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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