AgencyIntermediateDelaware Exam
In Delaware, which document must a licensee provide to a potential buyer at the first substantive contact?
AThe purchase agreement
BThe Disclosure of Brokerage Relationship formCorrect
CThe property disclosure statement
DThe lead paint disclosure
Why The Disclosure of Brokerage Relationship form Is Correct
Answer B: The Disclosure of Brokerage Relationship form
Delaware requires licensees to provide the Disclosure of Brokerage Relationship form to potential buyers at the first substantive contact, explaining the different agency relationships available.
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
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- The Delaware disclosure of brokerage services document must be presented to a prospective client:Agency
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- When may an agent's duty of confidentiality be breached?Agency
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