agency disclosure

Agency Disclosure

A statement a real estate broker provides the potential buyer or seller of a property detailing the nature of the broker's prospective relationship with that buyer or seller. The agency disclosure outlines the rights and responsibilities the broker has in a real estate transaction. In general, the agency disclosure states whether the broker will represent the buyer, the seller, or both.

agency disclosure

State laws that require agents to disclose which party to a transaction they are representing.Some states also require agents to disclose all agency relationships offered by their firm.