agency disclosure(redirected from Agency Disclosures)
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.
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.