Disclose all facts known to the agent that are unknown to the parties or have been carefully considered and observed by the parties that materially affect the value or desirability of the property obligation.
Under Code Section 40-57-370, a real estate licensee must provide a reasonable explanation of the agency relationship provided by the licensee's brokerage firm. this must be done on the first actual occasion of material contact between you and the Licensee.
The agency agreement modifies the original selling agreement and buyer representation agreement entered into by the agency. It highlights what buyers and sellers should expect when agreeing to a relationship between two agencies.
An agency relationship is formed when an agency disclosure or contract is signed by an agency and a buyer or seller. In many cases, customers are not legally required to agree to sign anything. the contract or disclosure states that the agent is acting on behalf of the client and in the client's best interests.
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