Agency
In Rhode Island, what is 'agency disclosure' at the 'first substantive contact' required for?
AProviding the consumer with information about current listing prices
BInforming the consumer about the types of agency relationships available so they can make an informed choice✓ Correct
CHaving the consumer sign a purchase contract
DDisclosing the agent's commission structure
Explanation
The first substantive contact agency disclosure ensures consumers understand the different agency relationships available (buyer's agent, seller's agent, dual agent, facilitator) before they begin working with a licensee, so they can make informed decisions.
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