Under Utah law governing agency disclosures, which of the following is NOT a requirement of the written agency disclosure that must be provided to a buyer before showing property?
Correct Answer
D) The disclosure must include the specific commission amount the buyer's agent will receive
Utah's agency disclosure requirements under R162-2f-401 and § 61-2f-401 do NOT require the disclosure to include the specific commission amount the buyer's agent will receive. Commission information is addressed in separate agreements such as the buyer representation agreement or listing agreement, not in the agency disclosure form.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
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