Agency
In Indiana, when must a seller's agent disclose their agency relationship to a prospective buyer?
AOnly when the buyer makes an offer
BAt the first substantive contact with the buyer✓ Correct
COnly when the buyer requests representation
DOnly at the time of signing the purchase agreement
Explanation
Indiana requires disclosure of the agency relationship at the first substantive contact. This ensures buyers know who the agent represents and can make informed decisions about sharing confidential information.
Related Indiana Agency Questions
- A buyer's agent in Indiana who discovers that the seller's property has an unpermitted addition should:
- Ostensible (apparent) authority in an Indiana real estate agency occurs when:
- When must an Indiana licensee update their agency disclosure if the agency relationship changes (e.g., from single agent to dual agent)?
- An Indiana agent's duty of loyalty means the agent must:
- Indiana's agency law recognizes which non-traditional agency relationship that allows a licensee to provide limited services without full representation?
- In Indiana, a broker representing a buyer in a 'pocket listing' (off-market) transaction owes which additional duty?
- Indiana's 'informed consent' requirement for dual agency means the agent must disclose to both parties:
- An Indiana listing agent who sells the property to a buyer and receives the full 6% commission (both sides) has engaged in:
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