Definitions for "Agency disclosure"
a state-required document, disclosing to you as a principal in a real estate transaction (in this case, the seller) whom the agent(s) in that transaction represent
a state-required document, disclosing to you as a principal-in this case, the buyer-in a real estate transaction whom the agent or agents in the transaction represent
Under Ohio law, real estate agents and brokers are required to provide you with a form that discloses who they will represent in the transaction. The "Agency Disclosure Statement" will be presented to you before you are shown property or discuss your financial ability to purchase or lease the property. Although you will be asked to sign the form acknowledging that it was given to you, it is not a contract and does not obligate you to work with the agent--it simply serves as a consumer disclosure form to protect your interests.
Contact Info. Pat Pearson ABR, e-Pro, SRES Phone (908) 295-7970 Fax (908) 766-1123 Voice Mail (908) 766-8367 Mobile (908) 295-7970 E-Mail Me Burgdorff Realtors ERA 1 South Finley Avenue Basking Ridge, NJ 07920 Pat Pearson !-- // function printit(winname,w,h) { if (winname == null) winname = "print_this"; if (w == null) w = 600; if (h == null) h = 600; cwin=window.open("", winname, "menubar,status,scrollbars,noresizable,width=" + w + ",height=" + h); } // -- !-- // function emailit(winname,w,h) { if (winname == null) winname = "email_this"; if (w == null) w = 600; if (h == null) h = 600; cwin=window.open("", winname, "status,scrollbars,resizable,width=" + w + ",height=" + h); } // -- Mortgage Glossary
Requirement that all consumers be made aware of agency relationships.
The process of informing clients and/or other parties regarding an agency relationship including the role(s) performed.