What type of relationship does the Agency Disclosure Form establish?

The Agency Disclosure Form is designed to clarify the nature of the relationship between a real estate broker and their client. It formally establishes a broker-client relationship, which is fundamental in real estate transactions. This form serves to inform clients about the obligations and duties that the broker has towards them, which includes loyalty, confidentiality, and full disclosure, among others.

In this context, the broker represents the clients' interests in the transaction, ensuring that their needs and wishes are adequately taken into account. The form helps in delineating the roles and responsibilities, thereby fostering trust and clear communication between the broker and the client.

Other types of relationships, such as the buyer-seller relationship or landlord-tenant relationship, do not accurately describe the purpose of the Agency Disclosure Form. The document specifically pertains to the dynamics of how the broker will act as an agent for the client, thereby establishing the foundational broker-client relationship.