Washington's Law of Real Estate Agency (RCW 18.86) requires that a real estate licensee provide a written agency disclosure pamphlet to a prospective buyer or seller at what point in the transaction?
Correct Answer
D) At first substantive contact with the prospective client
RCW 18.86.030 requires licensees to provide the written agency disclosure pamphlet at the time of first substantive contact with a prospective buyer or seller. 'First substantive contact' means the first contact in which real property-specific information is discussed. This is earlier than most other states require and is a Washington-specific statutory obligation.
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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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