Agency Disclosure

Agency Disclosure Definition

An agency disclosure is a document defining and explaining the legal relationship that a broker has with their client.

Explanation

An agency disclosure explains the type of defined relationship with specific detailed duties a broker has with his/her client.

A broker can create a few types of agency with his or her client. This form is meant to specifically define the relationship and detail the duties based on that relationship.

Depending on the state, this form may be required to be disclosed and signed by the client before any showing takes place, as it is done in NY state.

The most common agency relationship is dual agency.

 

Martha Gaffney

REAL ESTATE BROKER

Expert contributor at RealEstateWords.com

 

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