Get the free REAL ESTATE AGENCY DISCLOSURE AND ELECTION

Pursuant to A. R.S. 32-2156 Sellers Lessors and Brokers are not obligated to disclose that a property is or has been 1 the site of a natural death suicide homicide or any crime classified as a felony 2 owned or occupied by a person exposed to HIV or diagnosed as having AIDS or any other disease not known to be transmitted through common occupancy of real estate or 3 located in the vicinity of a sex offender. Sellers or Sellers representatives may not treat the existence terms or conditions of...

How to fill out real estate agency disclosure

How to fill out real estate agency disclosure

1. Start by gathering all the necessary information related to the property and the client.
2. Download the real estate agency disclosure form from a reliable source, such as the official website of your local real estate association.
3. Read the instructions on the form carefully to understand the requirements and legal obligations.
4. Fill out the top section of the form, providing your contact details, the date, and the property address.
5. Identify the type of agency relationship being established: seller's agent, buyer's agent, or dual agent.
6. If you are the seller's agent, disclose your agency relationship to the seller and obtain their acknowledgment.
7. If you are the buyer's agent, disclose your agency relationship to the buyer and obtain their acknowledgment.
8. If you are acting as a dual agent, notify both the seller and buyer about this dual agency representation.
9. Clearly state any potential conflicts of interest that may arise during the transaction.
10. Provide a detailed description of your duties and responsibilities as an agent, ensuring they align with the legal requirements in your jurisdiction.
11. Include any additional disclosures or information required by law, such as material facts or known defects about the property.
12. Sign the form and have all parties involved (seller, buyer, and agent) sign and date it.
13. Make copies of the completed disclosure form for all parties to keep on file.
14. Submit the original signed form to the appropriate parties, such as the seller, buyer, or the real estate agency.
15. Keep a copy of the disclosure form for your records for future reference.

Who needs real estate agency disclosure?

1. Sellers who are listing their property with a real estate agency.
2. Buyers who are working with a real estate agent to purchase a property.
3. Real estate agents who represent sellers, buyers, or act as dual agents in property transactions.
4. Real estate agencies and brokerages that facilitate property transactions.

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What is real estate agency disclosure?

Real estate agency disclosure is a document that informs potential buyers or sellers about the agency's relationship with the client.

Who is required to file real estate agency disclosure?

Real estate agents and brokers are required to file real estate agency disclosure.

How to fill out real estate agency disclosure?

Real estate agency disclosure can be filled out by providing information about the agency's relationship with the client, the services provided, and any potential conflicts of interest.

What is the purpose of real estate agency disclosure?

The purpose of real estate agency disclosure is to provide transparency and ensure that clients are aware of the agency's obligations and potential conflicts of interest.

What information must be reported on real estate agency disclosure?

Information such as the agency's name, contact details, services provided, fees, and any potential conflicts of interest must be reported on real estate agency disclosure.