Get the free Agency Disclosure Statement

This document is required by Ohio law and serves to inform buyers and sellers of the roles of real estate agents in a transaction. It includes information regarding dual agency, potential representation

How to fill out agency disclosure statement

How to fill out agency disclosure statement

1. Begin by entering the date of the agency disclosure statement at the top.
2. Fill in the names of the parties involved in the transaction.
3. Clearly state the nature of the agency relationship.
4. Provide detailed information about the role and obligations of each party.
5. Include any relevant terms or conditions related to the agency relationship.
6. Make sure to include signatures from both parties to acknowledge understanding and agreement.
7. Date and complete the document to finalize it.

Who needs agency disclosure statement?

1. Real estate agents and brokers must provide an agency disclosure statement to clients.
2. Homebuyers and sellers engaging in real estate transactions need to receive and understand this statement.
3. Any party involved in a legal agency relationship in various transactions may require an agency disclosure statement.

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What is agency disclosure statement?

An agency disclosure statement is a document that informs a client about the agency relationships in a real estate transaction, clarifying who represents whom and the obligations of the agent.

Who is required to file agency disclosure statement?

Real estate agents and brokers are typically required to provide and file an agency disclosure statement when engaging with clients in real estate transactions.

How to fill out agency disclosure statement?

To fill out an agency disclosure statement, the agent must provide details regarding the parties involved, specify the type of agency relationship, and obtain signatures from the clients to acknowledge their understanding.

What is the purpose of agency disclosure statement?

The purpose of the agency disclosure statement is to ensure transparency in real estate transactions and to protect the interests of both the client and the agent by outlining the nature of the agency relationship.

What information must be reported on agency disclosure statement?

The agency disclosure statement must report information such as the names of the parties involved, the nature of the agency relationship, the agent's duties, and any potential conflicts of interest.