Broker Wei is showing a property to prospective buyer Lisa in Washington. Lisa has not yet signed a buyer-broker agreement with Wei, but she has been discussing her home search needs and budget with him for the past 20 minutes. Under RCW 18.86, which statement about Wei's agency disclosure obligation is correct?
Correct Answer
A) Wei must provide the written agency disclosure pamphlet because first substantive contact has already occurred
Under RCW 18.86.030, the written agency disclosure pamphlet must be provided at first substantive contact. First substantive contact occurs when the parties begin discussing the buyer's specific needs, financial qualifications, or motivations — which has clearly already happened here during the 20-minute conversation about Lisa's home search and budget. Wei should have provided the pamphlet at the start of that conversation, and he must provide it now without further delay.
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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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