Broker Lisa meets a potential buyer, Marcus, at an open house in Bellevue. Marcus asks detailed questions about the neighborhood, school districts, and the seller's motivation for selling. Under RCW 18.86, what must Lisa do at this point?
Correct Answer
A) Provide Marcus with the written agency disclosure pamphlet before continuing the discussion
Under RCW 18.86.030, a licensee must provide the written agency law pamphlet at the time of first substantive contact. Marcus's questions about neighborhood details, school districts, and seller motivation constitute substantive contact about real property. Lisa must provide the pamphlet before continuing the discussion.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
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