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WV REC Notice of Agency Relationship 2009-2026 free printable template

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NOTICE OF AGENCY RELATIONSHIP When working with a real estate agent in buying or selling real estate West Virginia Law requires that you be informed of whom the agent is representing in the transaction. The
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How to fill out WV REC Notice of Agency Relationship

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How to fill out WV REC Notice of Agency Relationship

01
Obtain the WV REC Notice of Agency Relationship form from the West Virginia Real Estate Commission website or your broker.
02
Fill in the date of the notice at the top of the form.
03
Provide the names of all parties involved in the transaction, including buyers, sellers, or any other relevant stakeholders.
04
Indicate the type of agency relationship (e.g., buyer's agent, seller's agent) that is being established.
05
Clearly state the duties and obligations of the agent to the client.
06
Include any specific instructions or additional agreements related to the transaction.
07
Ensure both the agent and the client sign and date the form to acknowledge understanding and agreement.
08
Provide a copy of the completed form to all parties involved.

Who needs WV REC Notice of Agency Relationship?

01
Real estate agents working in West Virginia.
02
Clients who are engaging with a real estate agent for buying or selling property.
03
Brokerages that are required to inform clients about the nature of their agency relationship.
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The WV REC Notice of Agency Relationship is a form that agents must provide to clients that outlines the relationship between the agent and the client in real estate transactions in West Virginia.
Real estate agents and brokers operating in West Virginia are required to file the WV REC Notice of Agency Relationship when they enter into a relationship with a buyer or seller.
To fill out the WV REC Notice of Agency Relationship, agents must provide specific details about the agency relationship, including the names of the parties involved, the type of agency (e.g., seller's agent, buyer's agent), and the effective date of the relationship.
The purpose of the WV REC Notice of Agency Relationship is to ensure transparency in real estate transactions by formally disclosing the nature of the relationship between agents and clients.
The information that must be reported on the WV REC Notice of Agency Relationship includes the names of the parties, the agency relationship type, the effective date, and any applicable disclosures regarding dual agency, if relevant.
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