Maria is a Washington broker who has just met a prospective buyer, Kevin, at an open house. Kevin begins asking Maria questions about the property and mentions he is actively looking to purchase a home. According to RCW 18.86, at what point must Maria provide Kevin with the written agency disclosure pamphlet?
Correct Answer
D) At the first substantive contact with Kevin
Under RCW 18.86.030, a Washington broker must provide the written agency disclosure pamphlet at the first substantive contact with a prospective buyer or seller. 'First substantive contact' occurs when the parties begin discussing the buyer's specific needs, financial qualifications, or motivation — which happens here at the open house when Kevin begins asking questions and discussing his home search. This is a Washington-specific statutory requirement that occurs earlier than in most other states.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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