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Written Agency Disclosure Required for Condominiums and Cooperative Apartments as of January 1, 2011, Real Estate Depth November 2010 By Edward I. Number, Association Counsel When Governor David Paterson

How to fill out written agency disclosure required

To fill out the written agency disclosure required, follow these steps:

1. Begin by obtaining the written agency disclosure form. This form is typically provided by the real estate agency involved in the transaction.
2. Read through the form carefully to understand its contents and purpose. The written agency disclosure is designed to inform buyers and sellers about the type of agency relationship they have with their real estate agent.
3. Fill in your personal details in the designated fields. This may include your name, contact information, and any other required identification information.
4. Indicate your role in the transaction. The form usually offers options such as buyer, seller, or dual agent. Choose the role that accurately represents your position in the transaction.
5. If you are representing a buyer or seller, provide the name of the real estate agent or agency you are working with. This ensures transparency and clarity regarding the agency representation.
6. Follow any additional instructions provided on the form. These instructions may include providing signatures, initials, or any other required actions.
7. Review the filled-out form thoroughly before submitting it. Make sure all the information provided is accurate and complete.
8. Keep a copy of the completed written agency disclosure for your records. This will serve as proof of your compliance with the legal requirements.

The written agency disclosure is typically required for anyone involved in a real estate transaction where an agency relationship exists. This includes both buyers and sellers, as well as the real estate agents or agencies representing them. The purpose of this requirement is to ensure transparency and provide all parties with the necessary information about their agency representation. By disclosing the agency relationship in writing, it helps prevent any misunderstandings or conflicts of interest during the transaction process.

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What is written agency disclosure required?

Written agency disclosure is a document that details the agency relationships in a real estate transaction.

Who is required to file written agency disclosure?

Real estate agents, brokers, and salespersons are required to file written agency disclosure.

How to fill out written agency disclosure required?

Written agency disclosure can be filled out by providing information about the parties involved, the type of agency relationships, and any potential conflicts of interest.

What is the purpose of written agency disclosure required?

The purpose of written agency disclosure is to inform all parties involved in a real estate transaction about the agency relationships and any potential conflicts of interest.

What information must be reported on written agency disclosure required?

Information such as the names of the parties, the roles of the real estate agents involved, and any potential conflicts of interest must be reported on written agency disclosure.