Agency
The Tennessee agency disclosure form must be signed by the consumer:
ABefore making any offer to purchase property
BTo acknowledge receipt — this is the minimum requirement under Tennessee law✓ Correct
COnly after a listing agreement is signed
DThree times during the transaction
Explanation
Tennessee requires the agency disclosure form to be provided and the consumer must acknowledge receipt (typically by signing). The signed acknowledgment is kept by the broker as evidence of disclosure compliance.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA 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.
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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