Agency
Under Arkansas law, a real estate licensee must provide an agency disclosure to prospective clients:
AOnly at closing
BBefore or at the time of first substantive contact✓ Correct
CAfter an offer is accepted
DOnly if the client requests it
Explanation
Arkansas law requires licensees to provide an agency disclosure at the first substantive contact with a prospective client so they understand who the agent represents.
Related Arkansas Agency Questions
- What distinguishes an 'express' agency from an 'implied' agency?
- What does it mean when a listing agent is said to have an 'exclusive' agency relationship with the seller?
- Under Arkansas law, an agent must disclose to a buyer that they have a personal financial interest in a transaction. This is required by the duty of:
- When does an agency relationship with a seller typically terminate?
- Which of the following would constitute an undisclosed dual agency in Arkansas?
- Which of the following best describes ratification as a method of creating an agency?
- Which of the following would MOST likely terminate an agency relationship?
- An agent who earns a fee from both the buyer and the seller without disclosing this to both parties is guilty of:
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