Agency
In Massachusetts, which agency relationship must be disclosed in writing to the consumer?
AOnly buyer's agency
BOnly seller's agency
CAll agency relationships, including facilitator status✓ Correct
DOnly dual agency
Explanation
Massachusetts requires licensees to provide a written Mandatory Licensee-Consumer Relationship Disclosure form disclosing the nature of any agency relationship (seller's agent, buyer's agent, facilitator, or dual agent) at the first personal meeting.
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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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
State-Specific Concepts
Disclosure Requirements
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