Agency
In Tennessee, the agency disclosure form must be provided to a prospective buyer or seller:
AAt closing
BAt the first substantive contact✓ Correct
COnly when an offer is made
DOnly when the agent receives a written agency agreement
Explanation
Tennessee requires that agency disclosure be made at the first substantive contact with a prospective buyer or seller — before any confidential information is exchanged.
Related Tennessee Agency Questions
- A Tennessee licensee is showing a buyer a property and the buyer tells the agent they are willing to pay up to $350,000 but wants to offer $320,000. This information is:
- Tennessee's agency laws require all licensees to avoid 'self-dealing.' Self-dealing means:
- In Tennessee, the term 'procuring cause' is important in determining:
- In Tennessee, an 'express agency' is created when:
- A Tennessee affiliate broker is working with a buyer but has no buyer representation agreement. The broker is most likely acting as:
- A Tennessee licensee's duty of 'loyalty' means they must place the client's interests:
- A Tennessee licensee's duty to 'disclose' requires disclosure of:
- In Tennessee, when representing a buyer, an affiliate broker is required to:
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