What disclosures must be made to buyers regarding agency representation?

In real estate transactions, it is critical for agents to disclose their agency relationship to buyers. This disclosure helps buyers understand who the agent represents in the transaction, whether it's the buyer themselves, the seller, or both (in the case of dual agency). Knowing the agency relationship is essential for buyers to be aware of where the agent's loyalty lies and the duties owed to them. This transparency fosters trust and enables buyers to make informed decisions throughout the real estate process.

While presenting a license number, commission rates, and personal backgrounds might have their own significance, these elements are not required disclosures regarding agency representation. Therefore, understanding that agency disclosure is a legal and ethical requirement reinforces the importance of clear communication in real estate dealings.