Get the free Agency Disclosure Brochure Effective July 1, 2012
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Effective July 1, 2012,
Agency Disclosure
Brochure Consumer Guide to Understanding
Agency Relationships in Real Estate Transactions
Duties owed to Idaho consumers by a real estate brokerage and its
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How to fill out agency disclosure brochure effective
How to fill out agency disclosure brochure effective
01
To fill out the agency disclosure brochure effectively, follow these steps:
02
Start by providing the name of the agency and the date of the disclosure.
03
Clearly state the agency's role and explain the different types of agency relationships.
04
Describe the duties and responsibilities of the agency and its agents towards the client(s).
05
Provide information about any potential conflicts of interest that may arise during the real estate transaction.
06
Explain the client's right to representation and the option to seek independent legal advice.
07
Outline the client's right to terminate the agency relationship and any associated obligations.
08
Sign the disclosure brochure and ensure the client(s) also sign and acknowledge receipt.
09
Provide a copy of the signed disclosure brochure to the client(s) for their records.
Who needs agency disclosure brochure effective?
01
The agency disclosure brochure is needed by real estate agencies and their agents when entering into a relationship with a client(s).
02
It is a legal requirement to provide the agency disclosure brochure to clients before or at the time of entering into a real estate transaction.
03
Both the agent(s) and the client(s) involved in the real estate transaction need the agency disclosure brochure to understand their rights, obligations, and the nature of the agency relationship.
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