What must agents disclose on the notice of agency form?

On the notice of agency form, agents are required to disclose whether they represent the seller, the buyer, or both parties in a real estate transaction. This disclosure is crucial because it clarifies the agent’s role and potential conflicts of interest, helping clients understand who the agent is legally obligated to represent. Agency relationships establish the nature of the responsibilities and loyalty owed by the agent to the respective party, which is fundamental for informed decision-making in real estate transactions.

The disclosure of agency representation helps ensure transparency in real estate dealings, allowing clients to determine how their interests are aligned with the agent's duties. Understanding who the agent represents can significantly influence a client’s trust and comfort level when entering into a contract, thereby enhancing the integrity of the transaction.