agency

Agency Relationships in Real Estate Transactions (Disclosure Form)

Minnesota's statutory agency disclosure form (Minn. Stat. §82.67, subd. 1), which a licensee must provide at the first substantive contact in residential (one-to-four-family) transactions. The consumer signs to acknowledge receipt. It states it is a disclosure form only, not a contract; explains that representation requires a written listing or buyer's broker agreement; describes four relationships (seller's broker, buyer's broker, dual agency and facilitator); notes dual agency requires written consent; and lists the fiduciary duties.