Get the free AGENCY DISCLOSURE STATEMENT - Louisville Realtors
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To be completed when presenting an offer. AGENCY DISCLOSURE STATEMENT SELLER The real estate agent who is providing you with this form is required to do so by Kentucky law. The purpose of this form
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How to fill out agency disclosure statement
How to Fill out Agency Disclosure Statement?
01
Start by obtaining a blank agency disclosure statement form from your local real estate agency or the relevant governing body.
02
Read the instructions carefully to understand the purpose and requirements of the disclosure statement.
03
Begin by entering your personal information, including your name, address, and contact details, in the designated fields.
04
Identify the property or properties that you are representing as an agent or broker.
05
Indicate the type of agency relationship you have with the property owner or client (such as seller's agent, buyer's agent, or dual agent) by checking the appropriate box.
06
If you are representing multiple parties in a transaction, disclose any potential conflicts of interest that might arise from the dual agency arrangement.
07
Provide a detailed explanation of the services you will be providing as the agent, including any specific limitations or exclusions.
08
If applicable, disclose any financial interests or potential benefits you may receive from the transaction in connection with the property being represented.
09
Sign and date the disclosure statement, acknowledging that you have thoroughly reviewed and completed the form accurately.
10
Make sure to provide a copy of the disclosure statement to all parties relevant to the transaction, including the property owner or client, and keep a copy for your records.
Who Needs Agency Disclosure Statement?
01
Real estate agents, brokers, and professionals working in the real estate industry are typically required to provide an agency disclosure statement.
02
Property owners who hire agents or brokers to represent them in the sale, purchase, or lease of their property should receive a disclosure statement.
03
Buyers or tenants who engage the services of a real estate agent or broker to assist them in finding and negotiating a property deal should also receive a copy of the agency disclosure statement.
Remember, it is crucial to understand and comply with the legal requirements surrounding the agency disclosure statement to ensure transparency and protect the interests of all parties involved in a real estate transaction.
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What is agency disclosure statement?
The agency disclosure statement is a document that discloses the relationship between a real estate agent and their client.
Who is required to file agency disclosure statement?
Real estate agents are required to file agency disclosure statements.
How to fill out agency disclosure statement?
The agency disclosure statement can be filled out by providing relevant information about the agent-client relationship.
What is the purpose of agency disclosure statement?
The purpose of the agency disclosure statement is to inform clients about the agent's obligations and duties.
What information must be reported on agency disclosure statement?
The agency disclosure statement must include information about the agent's license, fees, and services provided.
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