Get the free Agency Disclosure Statement

This document serves to inform buyers and sellers in a real estate transaction about the roles of agents and the concept of dual agency as required by Ohio law. It details the agency relationship

How to fill out agency disclosure statement

How to fill out agency disclosure statement

1. Obtain a copy of the agency disclosure statement form.
2. Read the instructions carefully to understand the requirements.
3. Fill in your name and contact information at the top of the form.
4. Specify the nature of your agency relationship, such as buyer's agent or seller's agent.
5. Provide details about the property being represented.
6. Include any relevant terms or conditions of the agency agreement.
7. Sign and date the form to acknowledge your understanding of the agency relationship.
8. Provide a copy of the completed statement to the client.

Who needs agency disclosure statement?

1. All real estate agents and brokers are required to provide an agency disclosure statement to clients.
2. Buyers and sellers in real estate transactions need to receive this statement to understand the nature of their relationship with the agent.

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What is agency disclosure statement?

An agency disclosure statement is a document that informs clients about the nature of the agency relationship between the client and the agent, including any fiduciary duties or responsibilities involved in real estate transactions.

Who is required to file agency disclosure statement?

Typically, real estate agents and brokers are required to file an agency disclosure statement when representing a buyer or seller in a real estate transaction.

How to fill out agency disclosure statement?

To fill out an agency disclosure statement, one must provide the names of the parties involved, describe the agency relationship, disclose any potential conflicts of interest, and obtain signatures from all parties acknowledging the disclosure.

What is the purpose of agency disclosure statement?

The purpose of the agency disclosure statement is to ensure transparency in the agency relationship, protect the interests of clients, and promote understanding of the agent's responsibilities and obligations.

What information must be reported on agency disclosure statement?

The agency disclosure statement must report information including the identities of the parties involved, the nature of the agency relationship, the obligations of the agent, disclosure of any dual agency if applicable, and signatures of the parties involved.