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.
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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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.