Get the free AGENCY DISCLOSURE STATEMENT - krec ky

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

How to fill out agency disclosure statement

How to fill out agency disclosure statement:

1. Start by reading the instructions: Before filling out the agency disclosure statement, carefully read any instructions or guidelines provided by your local real estate agency or governing body. This will ensure that you understand the process and requirements.
2. Identify the parties: The next step is to clearly identify the parties involved in the real estate transaction. This typically includes the seller, buyer, and any real estate agents or brokers representing each party. Include their full legal names and contact information.
3. Disclose agency relationships: The purpose of the agency disclosure statement is to disclose any agency relationships between the parties. This includes whether the real estate agent or broker is representing the buyer, seller, or both in the transaction. Indicate the nature of the agency relationship, such as "seller's agent" or "buyer's agent."
4. Provide additional information: Depending on your jurisdiction, you may be required to provide additional information on the agency disclosure statement. This can include details about any potential conflicts of interest, compensation arrangements, or other relevant information.
5. Sign and date: Once you have completed the agency disclosure statement, make sure that all parties involved in the transaction sign and date the document. This signifies that they have read and understood the disclosures and agree to the agency relationships outlined.

Who needs agency disclosure statement?

1. Sellers: If you are selling a property and have enlisted the services of a real estate agent or broker, you will likely be required to provide an agency disclosure statement. This ensures that potential buyers are aware of the agency relationship and can make informed decisions.
2. Buyers: When purchasing a property, you may also need to receive an agency disclosure statement. This is particularly important if you are working with a real estate agent or broker to help you navigate the buying process and negotiate on your behalf.
3. Real estate agents and brokers: Real estate professionals acting as agents or brokers in a transaction are typically responsible for providing and filling out the agency disclosure statement. This ensures that all parties involved understand the agency relationships and can proceed with transparency and consent.

For pdfFiller’s FAQs

What is agency disclosure statement?

Agency disclosure statement is a document that explains the relationships between real estate agents, buyers, and sellers.

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?

Agency disclosure statements can be filled out by providing the necessary information about the agent, buyer, and seller.

What is the purpose of agency disclosure statement?

The purpose of the agency disclosure statement is to inform all parties involved in a real estate transaction about the roles and responsibilities of the agent.

What information must be reported on agency disclosure statement?

The agency disclosure statement must include the names of the agent, buyer, and seller, as well as any potential conflicts of interest.

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