When am I required to provide the Mandatory Real Estate Licensee-Consumer Relationship Disclosure if I am assisting someone virtually?
A. There have been no modifications to the requirements of providing the Mandatory Real Estate Licensee-Consumer Relationship Disclosure (Agency disclosure) as a result of the current COVID-19 pandemic. The Regulations require you to provide the agency disclosure at the first in person meeting to discuss a specific property. There may be situations, particularly now, where you may be conducting a large portion of your business with clients virtually and acting in an agency capacity without having met the client in person. In these situations, provide the agency disclosure as soon as possible in the relationship, but no later than the signing of a contract to purchase.
Written by: Justin Davidson, General Counsel; Catherine Taylor, Associate Counsel; and Jonathan Schreiber, Legislative & Regulatory Counsel. Authorized callers should contact the MAR legal hotline at 800-370-5342 or e-mail at firstname.lastname@example.org.