agency

agency disclosure

Agency disclosure is the requirement that a licensee tell consumers whom the licensee represents in a transaction, and often explain the types of agency relationships available. Many states require a written disclosure at the first substantive contact, before confidential information is discussed. Timing, forms, and required wording vary by state. Proper disclosure helps prevent undisclosed dual agency and consumer confusion.

Exam tip
Timing is the common test: disclosure usually comes at first substantive contact, not at closing or when the offer is written.
Example
At an open house, before a visitor begins discussing how much she can afford, the agent explains that he represents the seller.

Related terms & state variants

Sources

Source verification pending. Confirm current requirements with your state regulator.

Last verified: 2026-10-23