Agency
The agency disclosure form in Arkansas must be provided to a prospective buyer or seller:
AAt the time of closing
BOnly if the buyer requests it
CAt the first substantive contact✓ Correct
DWhen the purchase contract is signed
Explanation
Arkansas requires that licensees provide agency disclosure to prospective buyers and sellers at the time of first substantive contact, before any confidential information is exchanged.
Related Arkansas Agency Questions
- A seller's agent who fails to disclose that the subject property is in a flood zone to a buyer may be liable for:
- Which type of agency allows a single broker or brokerage to represent both the buyer and the seller in the same transaction?
- In Arkansas, what must occur before a broker can represent both the buyer and seller in the same transaction?
- A seller's listing agent discovers that the basement leaks during heavy rain. The seller asks the agent not to tell buyers. The agent should:
- Which of the following is a material fact that a listing agent MUST disclose?
- Which of the following is an example of an expressed agency relationship?
- An agent's authority to bind the principal in contract is called:
- An agent who discloses confidential information about a client to a third party without permission may be liable for:
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