Agency
Under Arizona law, when must agency disclosure be provided to a consumer?
AOnly at closing
BOnly when an offer is written
CAt the first substantive contact with the consumer✓ Correct
DWithin 3 days of entering a listing agreement
Explanation
Arizona requires agency disclosure at the first substantive contact with a consumer, so they understand who the agent represents before confidential information is exchanged.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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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