MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure free printable template
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MASSACHUSETTS MANDATORY LICENSEE-CONSUMER RELATIONSHIP DISCLOSURE This disclosure is provided to you the consumer by the real estate agent listed on this form. Make sure you read both sides of this form. The reverse side contains a more detailed description of the different types of relationships available to you. The written consent for dual agency must contain the information provided for in the regulations of the Massachusetts Board of Registration of Real Estate Brokers and Salespeople...
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How to fill out MA Mandatory Real Estate Licensee-Consumer Relationship
How to fill out MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure
01
Obtain the MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure form from the Massachusetts Association of Realtors or your broker.
02
At the top of the form, enter your name as the real estate licensee and your brokerage's name.
03
Provide the date on which you are completing the form.
04
Fill in the consumer's name, address, and contact information to accurately identify your client.
05
Select the type of relationship you are establishing with the consumer from the provided options (such as 'Seller's Agent', 'Buyer's Agent', or 'Dual Agent').
06
Explain the duties and responsibilities associated with each type of relationship in the appropriate section.
07
Ensure that you and the consumer sign and date the form, confirming the establishment of the disclosed relationship.
08
Provide a copy of the completed form to the consumer for their records.
Who needs MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure?
01
Any licensed real estate agent in Massachusetts who is entering into a working relationship with a consumer or client must complete the MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure.
02
Consumers who are looking to buy, sell, or lease property need to receive this disclosure to understand the nature of their relationship with the licensed agent.
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What is a Massachusetts mandatory real estate licensee consumer relationship disclosure?
All real estate licensees, regardless of the working relationship with a consumer must, by law, present properties honestly and accurately, and disclose known material defects in the real estate. The duties of a real estate licensee do not relieve consumers of the responsibility to protect their own interests.
Why do you think the agency relationships must be disclosed?
The PURPOSE of the Agency Disclosure form is to make sure that EVERY person who hires a real estate agent in the state of California is given an opportunity to learn how agency works BEFORE they hire a real estate agent.
What is meant by agency relationship in real estate?
An agency relationship is formed when the agent and a buyer or seller sign an agency disclosure or agreement form. In many cases, the client does not legally have to agree to sign anything. The agreement or disclosure states that the agent is acting on behalf and in the best interest of the client.
When must the agency disclosure form be presented explained and signed?
A Disclosure Statement form will be presented to you before you are shown properties or discuss your financial ability to purchase or lease the property.
Are sellers disclosures required in Massachusetts?
By contrast, Massachusetts does not require sellers to provide a disclosure form or statement to potential buyers. If you work with a real estate broker or agent, he or she may ask you to complete a statement that will include a provision that indemnifies the broker or agent for any misstatements or errors on the form.
What does real estate agency relationship disclosure mean?
A Real Estate Agency Relationships Disclosure (Agency Agreement) is a written agreement that formally defines the type of relationship or representation a licensed Broker/Agent agrees to provide to their client, while performing duties relating to real estate transactions.
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What is MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure?
The MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure is a document that outlines the relationships between real estate licensees and their clients, specifying whether the licensee represents the buyer, the seller, or both in a transaction.
Who is required to file MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure?
Real estate licensees in Massachusetts are required to file the MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure when engaging with potential buyers and sellers in a real estate transaction.
How to fill out MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure?
To fill out the MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure, a licensee must provide information regarding their relationship with the consumer, specify whether they represent the buyer, seller, or both, and obtain the consumer's signature to acknowledge receipt of the disclosure.
What is the purpose of MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure?
The purpose of the MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure is to inform consumers of the nature of the relationship they have with their real estate agent, ensuring transparency and clarity regarding representation in the transaction.
What information must be reported on MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure?
The information that must be reported on the MA Mandatory Real Estate Licensee-Consumer Relationship Disclosure includes the licensee's name, the names of the parties involved, the type of representation (e.g., buyer, seller, dual agency), and the date of the disclosure.
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