brokerage disclosure

Question 1

You have completed a listing agreement with a seller and are under contract with a customer. It is discovered that you did not give nor have the buyer sign a brokerage disclosure form.

Answer 1

b. You are currently in violation of 33-28-306. You need to get the form signed if possible and the contract is voidable buy the buyer.

Question 2

The purpose of the brokerage disclosure form is:

Answer 2

To make the public aware of the agency relationships available to them, duties and obligations due to them with each relationship.

Question 3

Your attorney has drafted a new brokerage disclosure form for your office to use. This form does not include a statement that a customer shall be afforded confidentiality with all communications to or with you. You have used this form several times.

Answer 3

None of these

Question 4

A man walks into your office and asks about a home that you have listed for sale. Specifically how many bedrooms the home has. You have not given nor has the person signed a brokerage disclosure form.

Answer 4

You are not in violation of any law, rule or regulation.