AgencyIntermediateDelaware Exam
When must a Delaware licensee disclose their agency relationship to the other party in a transaction?
AOnly at closing
BBefore writing an offer
CAt the first substantive contactCorrect
DAfter showing the property
Why At the first substantive contact Is Correct
Answer C: At the first substantive contact
Delaware law requires licensees to disclose their agency relationship at the first substantive contact with any party to a transaction.
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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