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DISCLOSURE OF BROKERAGE RELATIONSHIP FOR UNREPRESENTED PARTY(IES) The undersigned unrepresented party(IES) do hereby acknowledge disclosure that the licensee (Broker or Salesperson) associated with

How to fill out disclosure of brokerage relationship

How to fill out disclosure of brokerage relationship:

1. Review the form: Start by carefully reading through the disclosure of brokerage relationship form. Take note of any instructions or requirements specified on the form itself.
2. Provide your personal information: Fill in your complete name, address, phone number, and email address in the designated fields. This ensures that your information is accurately recorded.
3. Identify the brokerage relationship: Indicate whether you are a buyer, seller, or landlord/tenant. Choose the appropriate option that accurately reflects your role in the transaction.
4. Disclose any agency relationships: If you have an existing agency relationship with a real estate agent or broker, disclose this information in the corresponding section of the form. Provide the name and contact information of the agent or broker.
5. Declare any conflicts of interest: If you, your family members, or close associates have any potential conflicts of interest in the transaction, disclose them accordingly. This can include any financial interests or personal relationships that may impact the transaction.
6. Sign and date the form: Once you have completed all the necessary sections, sign and date the disclosure form. This confirms that the information provided is accurate to the best of your knowledge.

Who needs disclosure of brokerage relationship:

1. Buyers: Buyers who are utilizing the services of a real estate agent or broker to represent them in a transaction typically require a disclosure of brokerage relationship. This form ensures that buyers are aware of their agent's fiduciary responsibilities and any potential conflicts of interest.
2. Sellers: Sellers who have enlisted the services of a real estate agent or broker to list and market their property should also receive a disclosure of brokerage relationship form. This form notifies sellers of their agent's obligations and any potential conflicts that may arise during the sales process.
3. Landlords/Tenants: In real estate rental transactions, both landlords and tenants may require a disclosure of brokerage relationship. This form clarifies the agency relationship between the tenant and the real estate agent or brokerage firm involved in securing a rental property.

For pdfFiller’s FAQs

What is disclosure of brokerage relationship?

Disclosure of brokerage relationship is a document that outlines the relationship between a real estate agent or broker and their clients, explaining their obligations and duties.

Who is required to file disclosure of brokerage relationship?

Real estate agents and brokers are required to file disclosure of brokerage relationship with their clients before any real estate transaction.

How to fill out disclosure of brokerage relationship?

Disclosure of brokerage relationship can be filled out by providing accurate and complete information about the agent or broker's duties, obligations, and any potential conflicts of interest.

What is the purpose of disclosure of brokerage relationship?

The purpose of disclosure of brokerage relationship is to ensure transparency and clarify the roles and responsibilities of both the agent or broker and the client in a real estate transaction.

What information must be reported on disclosure of brokerage relationship?

Information such as the agent or broker's commission structure, any potential conflicts of interest, and the scope of the services provided must be reported on disclosure of brokerage relationship.

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