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DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIPS
FOR BUYERS AND SELLERS
THIS IS NOT A CONTRACT
New York State Law (Section 443 of Article 12-A of the Real Property Law) requires real estate licensees
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How to fill out form agency disclosure for
How to fill out form agency disclosure for:
01
Read the instructions carefully: Start by thoroughly reading the instructions provided with the form agency disclosure. This will help you understand the purpose of the form and the information required to be filled out.
02
Provide your personal information: Begin by entering your full name, address, contact number, and any other required personal details in the designated fields on the form.
03
Specify the agency relationship: Indicate whether you are the agent or the principal in the agency relationship. If you are the principal, provide information about the agent you are working with. If you are the agent, provide information about the principal you are representing.
04
Disclose any conflicts of interest: If you have any conflicts of interest that may affect your ability to act in the best interest of the principal, disclose them in this section. This could include any financial or personal relationships that may influence your decision-making.
05
Sign and date the form: Once you have filled out all the required information on the form, sign and date it to acknowledge that the information provided is true and accurate.
06
Keep a copy for your records: It is advisable to make a copy of the filled-out form for your own records before submitting it to the relevant agency.
Who needs form agency disclosure for:
01
Real estate agents: Real estate agents are commonly required to fill out form agency disclosure to establish their relationship with their clients, whether they are the principal or the agent.
02
Buyers and sellers: Individuals who are buying or selling a property may also need to fill out form agency disclosure to disclose their agency relationships and ensure transparency in the transaction.
03
Agents and principals in other industries: While the example provided may specifically mention real estate, forms for agency disclosure may be required in various industries where an agency relationship is established, such as law firms, financial institutions, and insurance companies.
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What is form agency disclosure for?
Form agency disclosure is used to disclose the relationships between the real estate agent and the parties involved in a transaction.
Who is required to file form agency disclosure for?
Real estate agents are required to file form agency disclosure.
How to fill out form agency disclosure for?
Form agency disclosure should be filled out by providing the necessary information about the relationships between the agent and the parties.
What is the purpose of form agency disclosure for?
The purpose of form agency disclosure is to provide transparency in real estate transactions and ensure that all parties involved are aware of the agent's obligations and relationships.
What information must be reported on form agency disclosure for?
Information such as the agent's name, the names of the parties involved, and any potential conflicts of interest must be reported on form agency disclosure.
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