Agency Disclosure Form

Agency Disclosure

AGENCY RELATIONSHIP DISCLOSURE

About This Form :
In Vermont, real estate agents are required by law to provide a written disclosure concerning agency relationships. This form helps real estate agents comply with this responsibility. After you have read the information contained in this form, please acknowledge receipt by signing the form and giving it to the real estate agent who provided it to you, retaining a copy for yourself. Your cooperation is appreciated.

It's About Choice :
Selling and purchasing real estate will bring you into contact with a number of real estate agents. It is important to understand who each agent you may deal with represents and, if you choose to have a real estate agent represent you , to make an informed decision before entering into a legally binding agreement with any agent. Real estate agents may represent sellers or buyers. They may also act as agents of other real estate firms who themselves have written agreements to represent sellers or buyers. No real estate agent or brokerage firm may or will legally act on your behalf as your agent unless you and the agent enter into, a written agreement concerning your representation by that agent or firm.

Some Choices For You to Make :

Sellers have the right to hire real estate agents to represent them in the sale of their property. A brokerage firm employed by the seller represents the seller's interests and has a duty to provide the seller information that is material to the sale of the property. This includes information that the seller's real estate agent may have obtained from prospective purchasers or their agents.
Buyers have the right to hire real estate agents to represent them in the purchase of property. A brokerage firm employed by the buyer represents the buyer's interests and has a duty to provide the buyer with information that is material to the purchase of the property. This includes information that the buyer's real estate agent may have obtained from the seller or the seller's agents.
Broker's agents are agents engaged by other real estate firms. Although they represent the interests of the party whom the principal real estate firm represents (either buyer or seller), they do not directl represent either the seller or the buyer. They have a duty to provide the real estate firm by whom they are employed with information material to the purchase or sale of the property.

THE CHOICE IS YOURS; MAKE IT INFORMED, MAKE IT IN WRITING.

How to Obtain Representation by a Real Estate Agent :
If you decide to have a real estate agent represent you in the sale of your property or in the purchase of a property, you must enter into a written agreement with the real estate brokerage firm who will then represent you. Without such an agreement, the real estate agent is not your agent and does not represent you in the transaction. The written agreement between you and your real estate agent will identify the services the agent will provide, the fee to be paid for the services, as well as how, when and by whom the fee will be paid. A real estate agent does not automatically or necessarily represent the person who pays the agent's fee.

Other important aspects of the relationship between you and your agent will be set forth in the agreement. Any questions or concerns about the agreement or the nature of the agency relationship called for in the agreement should be clarified and resolved before you sign. Upon signing the agreement, you and the brokerage firm you employ undertake binding responsibilities and commitments to each other that will continue for the duration of the agreement.

Disclosure of Present Agency Status :

The real estate firm (and the agent who has signed this form) are, at the present time, acting as:

Seller's Agent

Broker's Agent

Buyer's Agent

(check applicable boxes)

Note: A real estate firm may be both a seller's agent and a broker's agent with respect to properties listed for sale.

Real Estate Brokerage Firm (Type or Print):

Address:

By :

Agent

Date :

THIS DISCLOSURE FORM IS NOT A CONTRACT. It does not create any relationship between you and any real estate agent.

I/We acknowledge that I/we have received a copy of this form.

						Date
	Buyer		Seller	(check one)		Date

Address: