Agency
The written agency disclosure required by Arkansas law must be provided to:
AOnly buyers, not sellers
BBuyers, sellers, landlords, and tenants at first substantive contact✓ Correct
COnly parties who request it in writing
DLicensees from other brokerages at the time of offer presentation
Explanation
Arkansas requires agency disclosure to all parties — buyers, sellers, landlords, and tenants — at the time of first substantive contact, so all parties understand who the licensee represents.
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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.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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.
State-Specific Concepts
Disclosure Requirements
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