Broker Maria meets a prospective buyer, Tom, at an open house. During their conversation, Tom mentions he is looking for a three-bedroom home in the $450,000 range and asks Maria several questions about the neighborhood. Under RCW 18.86, what is Maria's obligation at this point?
Correct Answer
C) Maria must provide Tom with the agency disclosure pamphlet at this first substantive contact
Under RCW 18.86.030, the agency disclosure pamphlet must be provided at the first substantive contact. A conversation in which a prospective buyer discusses specific property needs — such as price range and bedroom count — constitutes 'first substantive contact.' Maria's obligation is triggered at this open house meeting, regardless of whether Tom has signed any agreement.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Agency Question
Background Knowledge for Agency
Real World Application in Agency
Related Topics & Key Terms
Key Terms:
More Agency Questions
Which duty requires an agent to keep the principal informed of all material facts?
Under agency law in Nevada, dual agency is:
Under agency law in Hawaii dual agency is:
All correctly describe listing brokers and property managers except:
A New York dual agent must have:
- → Vermont requires agency disclosure:
- → Vermont real estate licensees are regulated by the:
- → Under California law, dual agency is:
- → Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?
- → Under agency law in NH, disclosed dual agency is:
- → If a 16-year-old emancipated minor wishes to sell real property, their broker may:
- → All of the following actions create an agency relationship, except:
- → An agency relationship in real estate is terminated in multiple ways. All of the following are likely to be the cause of termination of an agency relationship, except:
- → Real estate brokers are required to have written employment contracts with:
- → A licensed real estate salesperson is primarily responsible to: