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AGENCY DISCLOSURE From This document describes the various types of agency relationships that can exist in real estate transactions. An Agency relationship exists when a real estate licensee represents

How to fill out agency disclosure form

How to Fill Out Agency Disclosure Form:

1. Begin by obtaining a copy of the agency disclosure form, which can typically be found online or obtained from your real estate agent or broker.
2. Read through the form carefully to understand its contents and purpose. The agency disclosure form is used to inform buyers and sellers about the type of agency relationship they have with their real estate agent or broker.
3. Fill in the necessary information at the top of the form, such as the property address, the names of the buyer(s) and seller(s), and the date.
4. Determine the type of agency relationship you have with your real estate agent or broker. This may include buyer's agency, seller's agency, dual agency, or no agency relationship. Consult with your real estate agent or a legal professional if you are unsure about the type of relationship you have.
5. Check the appropriate boxes indicating the agency relationship(s) on the form. The form may require you to indicate your understanding of the agency relationship and any potential conflicts of interest.
6. Review the disclosures and acknowledgments section carefully. This section may include information about compensation, duties of the agent, and any potential conflicts of interest. Consult with your real estate agent or legal counsel if you have any questions or concerns.
7. Sign and date the form, indicating your agreement and understanding of the disclosures provided.
8. Keep a copy of the completed agency disclosure form for your records. It is also recommended to provide a copy to the other party involved in the transaction (e.g., the buyer or seller).

Who Needs Agency Disclosure Form:

1. Buyers and sellers in a real estate transaction typically need to fill out an agency disclosure form.
2. Buyers need the agency disclosure form to understand the type of agency relationship they have with their real estate agent. This helps them make informed decisions about representation and understand the agent's obligations and responsibilities.
3. Sellers also need the agency disclosure form to understand the type of agency relationship they have with their real estate agent. This ensures they are aware of the agent's duties and responsibilities in representing their interests.
4. Real estate agents or brokers are responsible for providing the agency disclosure form to their clients and explaining its contents. This helps establish transparency and ensures that all parties are aware of the agency relationship in the transaction.

For pdfFiller’s FAQs

What is agency disclosure form?

An agency disclosure form is a document used in real estate transactions to inform all parties involved about the agency relationships of the real estate agents.

Who is required to file agency disclosure form?

Real estate agents are required to file agency disclosure form.

How to fill out agency disclosure form?

To fill out an agency disclosure form, the real estate agent must disclose their agency relationships with the buyer, seller, or both parties involved in the transaction.

What is the purpose of agency disclosure form?

The purpose of agency disclosure form is to provide transparency and clarity about the agency relationships in real estate transactions.

What information must be reported on agency disclosure form?

The agency disclosure form must include the names of the parties involved, the type of agency relationship, and any potential conflicts of interest.

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