agency

Agency Disclosure Brochure (Idaho)

The Commission-approved brochure that, under Idaho Code 54-2085, a licensee must give a prospective buyer or seller at the first substantial business contact, keeping a signed and dated receipt. It describes nonagency, agency, limited dual agency, and assigned agents, and states that no representation exists without a written agreement. Under the Brokerage Representation Act, agency can only be created by a separate written document, never orally or by implication, and must be settled no later than preparation of the purchase agreement.