Get the free Agency Relationship Disclosure

This form is approved by the North Dakota Association of REALTORS® and is intended for use by licensed REALTORS® in North Dakota. It outlines the types of agency relationships available and the

How to fill out agency relationship disclosure

How to fill out agency relationship disclosure

1. Start by identifying the parties involved in the agency relationship, including the principal and the agent.
2. Clearly state the purpose of the agency relationship and outline the services to be provided.
3. Include the terms of the agreement, such as duration, fees, and responsibilities of each party.
4. Ensure to specify any potential conflicts of interest and how they will be managed.
5. Provide a section for signatures of both parties to indicate their agreement to the terms.
6. Include the date of signing to document the agreement timeline.

Who needs agency relationship disclosure?

1. Real estate agents and brokers must provide agency relationship disclosures to clients.
2. Any professional in an agency relationship, such as financial advisors or insurance agents, also needs to disclose this information.
3. Consumers who are seeking representation in business transactions, such as home buying or selling, require the disclosure.

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What is agency relationship disclosure?

Agency relationship disclosure is a document that outlines the relationship between a real estate agent and their client, clarifying the roles and responsibilities involved in that relationship.

Who is required to file agency relationship disclosure?

Real estate agents and brokers are typically required to file agency relationship disclosures when representing a client in a transaction.

How to fill out agency relationship disclosure?

To fill out an agency relationship disclosure, you should provide details about the parties involved, specify the type of agency relationship (e.g., seller's agent, buyer's agent), and include relevant information about the transaction.

What is the purpose of agency relationship disclosure?

The purpose of agency relationship disclosure is to ensure transparency and protect the interests of all parties involved in a real estate transaction by clearly defining who represents whom.

What information must be reported on agency relationship disclosure?

Agency relationship disclosure must include the names of the parties involved, the nature of the agency relationship, any potential conflicts of interest, and the duties owed by the agent to the client.