Question

Which of the following statements is NOT accurate about the California Disclosure Regarding Real Estate Agency Relationship Form?A) It must be signed before the seller signs any listing agreement with the agent, or, in the case of the buyer, before that buyer signs the purchase contract.B) This form is required for leases of residential property for more than one year and for the sale of a mobile home, IF the mobile home is offered for sale or sold through a real estate agent.C) California law does NOT require that all real estate agents provide a written disclosure to the buyer OR the seller, depending on which party the agent represents.D) California law requires that all real estate agents provide a written disclosure to the buyer AND the seller, regardless of which party to the transaction the agent represents.

Answer 1

Answer:

The correct answer is:

A) It must be signed before the seller signs any listing agreement with the agent, or, in the case of the buyer, before that buyer signs the purchase contract.

Explanation:

The California Disclosure about Real Estate Agency Relationship Form is used due to the fact that, the state of California considers that it is necessary that the implied ones in the process of buying and selling properties know very well about the process that the agencies will develop.

In the first place, the seller must know in advance through the disclosure paperwork that will inform about the process they will develop and after knowing this information the seller could sign the listing agreement with the agent.

In the second place, all the implied ones in the process must know about the disclosure in order to start with the rest of the process, even before any possible buyer starts to be advised.