Which of the following is a method of disclosing agency?

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Multiple Choice

Which of the following is a method of disclosing agency?

Explanation:
Disclosing agency means informing clients and customers who the broker represents in a transaction. The Information About Brokerage Services form, or IABS, is the standard tool for that disclosure. It explains whether the broker represents the buyer, the seller, or both, and outlines duties and potential changes in representation. Providing the IABS at first substantive contact promotes transparency and is required by many jurisdictions. A property disclosure statement focuses on property condition and defects, not on who represents whom. A broker agreement creates an agency relationship but is a contract between the broker and the client, not a general disclosure to all parties about agency. Recording a mortgage is a financing action and does not disclose agency relationships. Therefore, the IABS is the method used to disclose agency.

Disclosing agency means informing clients and customers who the broker represents in a transaction. The Information About Brokerage Services form, or IABS, is the standard tool for that disclosure. It explains whether the broker represents the buyer, the seller, or both, and outlines duties and potential changes in representation. Providing the IABS at first substantive contact promotes transparency and is required by many jurisdictions. A property disclosure statement focuses on property condition and defects, not on who represents whom. A broker agreement creates an agency relationship but is a contract between the broker and the client, not a general disclosure to all parties about agency. Recording a mortgage is a financing action and does not disclose agency relationships. Therefore, the IABS is the method used to disclose agency.

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