Get the free AGENCY DISCLOSURE STATEMENT - ohiorealestateauctionscom

AGENCY DISCLOSURE STATEMENT The real estate agent who is providing you with this form is required to do so by Ohio law. You will not be bound to pay the agent or the agents' brokerage by merely signing

How to fill out agency disclosure statement

Who needs agency disclosure statement?

1. Real estate agents: Real estate agents are required to provide an agency disclosure statement to their clients. This statement informs the clients about the types of agency relationships that the agent may have with them.
2. Homebuyers or sellers: The agency disclosure statement is important for homebuyers or sellers because it outlines the different types of agency relationships that they may enter into with a real estate agent. This allows them to understand the legal obligations and responsibilities of the agent towards them.
3. Renters or landlords: In some cases, renters or landlords may also need to fill out an agency disclosure statement, especially if they are working with a real estate agent to find a rental property or manage a rental property. This helps to clarify the roles and responsibilities of the agent in the rental process.

How to fill out agency disclosure statement:

1. Obtain the form: The agency disclosure statement should be provided to you by your real estate agent. If you are not working with an agent, you may be able to find a generic form online or through your local real estate association.
2. Read the instructions: Before filling out the form, carefully read the instructions provided. These instructions will guide you through the process and help you understand the different sections and their significance.
3. Provide your information: Start by providing your personal information such as your name, address, phone number, and email. This information is important for identifying you as the party completing the form.
4. Choose an agency relationship: The next section of the form will ask you to select the type of agency relationship you wish to have with the real estate agent. There are typically options such as buyer's agent, seller's agent, dual agent, or transaction coordinator. Carefully consider your needs and preferences before making a selection.
5. Review and sign: Once you have filled out all the required sections, carefully review the completed form to ensure all the information is accurate and complete. If you have any questions or concerns, reach out to your real estate agent for clarification. Finally, sign and date the form to indicate your agreement with the disclosed agency relationship.
6. Keep a copy: Make sure to keep a copy of the filled-out agency disclosure statement for your records. This will serve as proof of the disclosure and agreement between you and the real estate agent.

Remember, it is important to consult with a real estate professional or legal advisor if you have any doubts or questions regarding the agency disclosure statement. They can provide you with personalized guidance based on your specific situation.

For pdfFiller’s FAQs

What is agency disclosure statement?

The agency disclosure statement is a document that provides transparency about the relationship between a real estate agent and their client.

Who is required to file agency disclosure statement?

Real estate agents are required to file agency disclosure statements.

How to fill out agency disclosure statement?

The agency disclosure statement can be filled out by providing information about the agent's representation of the client, any potential conflicts of interest, and other relevant details.

What is the purpose of agency disclosure statement?

The purpose of the agency disclosure statement is to ensure that clients are informed about the agent's role and responsibilities in the real estate transaction.

What information must be reported on agency disclosure statement?

The agency disclosure statement must report information about the agent's representation, any potential conflicts of interest, and other relevant details.

When is the deadline to file agency disclosure statement in 2024?

The deadline to file agency disclosure statement in 2024 is typically at the beginning of the real estate transaction.

What is the penalty for the late filing of agency disclosure statement?

The penalty for the late filing of agency disclosure statement can vary depending on the specific rules and regulations in place, but may include fines or other disciplinary actions.

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