Get the free The Agency Disclosure Form - Teran Realty

The New York DEPARTMENT OF STATE requires that we give this form to you. New York State DEPARTMENT OF STATE Division of Licensing Services P.O. Box 22001 Albany, NY 12201-2001 Customer Service: (518)

How to fill out the agency disclosure form

How to Fill Out the Agency Disclosure Form:

1. Start by obtaining the agency disclosure form from your real estate agent or brokerage. It is a legal document that outlines the relationships between the various parties involved in a real estate transaction.
2. Read the form carefully, paying close attention to any instructions or explanations provided. It is important to understand the content and purpose of the form before proceeding.
3. Provide your personal information in the designated sections of the form. This usually includes your name, contact information, and any other identifying details required.
4. Identify the real estate agent or brokerage representing you in the transaction. This should include the agent's name, contact information, and license number if applicable.
5. Indicate the nature of the agency relationship you have with the real estate agent or brokerage. Common options include seller's agent, buyer's agent, and dual agent. Select the appropriate option that accurately reflects your situation.
6. If you are working with a dual agent, ensure that you understand the potential conflicts of interest involved in this agency relationship. Take note of any additional actions or disclosures required in such cases.
7. Sign and date the agency disclosure form to indicate your agreement with the information provided. By signing the form, you confirm that you have received and reviewed the necessary disclosures, and that you understand the implications of the agency relationship.

Who Needs the Agency Disclosure Form:

1. Buyers: If you are looking to purchase a property and are working with a real estate agent, you will need to fill out the agency disclosure form. This helps establish the nature of the agency relationship between you and your agent.
2. Sellers: If you are selling a property and have hired a real estate agent to represent you, the agency disclosure form is necessary to define the agency relationship between you and your agent.
3. Dual Agency Situations: In some cases, a real estate agent may represent both the buyer and the seller in a transaction. In such situations, all parties involved must fill out the agency disclosure form to acknowledge and understand the potential conflicts of interest that may arise.

Note: The specific requirements for the agency disclosure form may vary depending on your location and local real estate laws and regulations. It is advisable to consult with your real estate agent or attorney to ensure compliance with applicable rules and requirements.

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What is the agency disclosure form?

The agency disclosure form is a document that discloses the relationship between a real estate agent and their client.

Who is required to file the agency disclosure form?

Real estate agents are required to file the agency disclosure form with their clients.

How to fill out the agency disclosure form?

The agency disclosure form can be filled out by providing information about the real estate agent's duties, responsibilities, and any potential conflicts of interest.

What is the purpose of the agency disclosure form?

The purpose of the agency disclosure form is to inform clients about the nature of the relationship between themselves and their real estate agent.

What information must be reported on the agency disclosure form?

The agency disclosure form must include information about the agent's representation, any potential conflicts of interest, and the client's rights.