On March 15, a seller decides to list his house for sale with Focus Realty. An agent at Focus, Sue Park, has the seller sign a listing agreement, then promptly submits the listing information to the MLS.

On April 19, Ronald Suarez, an agent with Hometown Real Estate, shows the home to a buyer he's working with.

On May 1, the buyer tells Suarez he wants to buy the house. Suarez prepares an offer (a purchase agreement form), the buyer signs the form, and Suarez submits it to the listing agent, Park, who presents it to the seller the same day.

On May 4, the seller tells Park, the listing agent, that he wants to accept the offer. She has him sign the purchase agreement form and then calls Suarez to let him know. The closing date will be June 12.

When does Sue Park, the listing agent, have to give the seller a copy of the agency disclosure form? When and how is she required to disclose her agency status in this transaction to the seller?

When does Ronald Suarez, the selling agent, have to give the buyer a copy of the agency disclosure form? When and how is he required to disclose his agency status in this transaction to the buyer?

Does Park, the listing agent, have to make agency disclosures to the buyer? If so, when, and what form do they take?

Does Suarez, the selling agent, have to make agency disclosures to the seller? If so, when, and what form do they take?

Answer rating: 100% (QA)

Solution Ronald will be required to provid... View the full answer