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DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIPS
FOR BUYERS AND SELLERS
THIS IS NOT A CONTRACT
New York State Law (Section 443 of Article 12A of the Real Property Law) requires real estate licensees
who
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Step 1: Gather all necessary information and documents related to the agency disclosure clean-up.
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Step 2: Review the new agency disclosure form to familiarize yourself with the updated version.
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Step 3: Fill out the new agency disclosure form accurately and completely, providing all required information.
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Step 5: Submit the filled-out agency disclosure form to the appropriate agency or institution as instructed.
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Step 6: Keep a copy of the completed form for your records.
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Step 7: Follow any additional instructions or procedures provided by the relevant agency or institution.
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Step 8: Update any relevant records or databases with the new agency disclosure information, if applicable.
Who needs new agency disclosure clean-up?
01
Real estate agents
02
Property sellers
03
Buyers
04
Landlords
05
Tenants
06
Property management companies
07
Brokers
08
Any individuals or entities involved in real estate transactions that require agency disclosure
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What is new agency disclosure clean-up?
New agency disclosure clean-up is a process to ensure that agency disclosures are accurate, complete, and up-to-date.
Who is required to file new agency disclosure clean-up?
All individuals or entities that are involved in real estate transactions and are subject to agency disclosure requirements.
How to fill out new agency disclosure clean-up?
New agency disclosure clean-up can be filled out by providing updated information regarding agency relationships in real estate transactions.
What is the purpose of new agency disclosure clean-up?
The purpose of new agency disclosure clean-up is to maintain transparency and honesty in real estate transactions by ensuring that all agency relationships are properly disclosed.
What information must be reported on new agency disclosure clean-up?
Information such as names of parties involved, relationships, and any changes in agency status must be reported on new agency disclosure clean-up.
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