Agency
Under New York Real Property Law § 443, what happens if a buyer refuses to sign the agency disclosure form?
AThe agent must refuse to show the property
BThe transaction cannot proceed until the form is signed
CThe agent should note the refusal on the form and retain it✓ Correct
DThe agent must obtain DOS approval before proceeding
Explanation
If a buyer or seller refuses to sign the agency disclosure form, New York law requires the agent to note the refusal on the form and retain it. The agent may still proceed with the transaction.
Related New York Agency Questions
- In New York, a 'seller's concession' negotiated by a buyer's agent—where the seller contributes to the buyer's closing costs—is typically disclosed to:
- Which fiduciary duty requires a seller's agent to keep the seller's motivation for selling confidential?
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