Agency
When must an Alaska licensee present a written disclosure of agency to a client in a residential transaction?
AAt closing
BAt or before the first substantive service or before entering into any agency agreement✓ Correct
COnly if the client asks about representation
DAfter an offer has been accepted
Explanation
Alaska requires written agency disclosure at or before the first substantive service — such as showing property, preparing an offer, or entering into a listing or buyer's agency agreement.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
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