California Real Estate Salesperson (DRE)

Which of the following best describes the agency disclosure form required in California real estate transactions?

• A A form that explains different types of agency relationships and must be provided to parties before certain key events in the transaction
• B A form that creates the agency relationship between the agent and principal once signed by both parties
• C A form that lists all material facts about the property condition that the agent has discovered during the transaction
• D A form that confirms the final commission split between listing and selling agents at the close of escrow

A buyer's agent fails to provide the agency disclosure form to their client before the buyer signs a purchase offer. What is the most likely consequence of this violation?

• A The purchase contract becomes automatically void and unenforceable
• B The agent may face disciplinary action from the DRE for violating disclosure requirements
• C The buyer loses all rights to inspect the property before closing
• D The seller must reduce the purchase price by 3% as a statutory penalty

Agent Sarah Martinez represents buyer Tom Chen in purchasing a home from seller Linda Rodriguez. Sarah has not yet provided Tom with the agency disclosure form when Tom asks her to prepare an offer on Linda's property. What must Sarah do regarding the agency disclosure?

• A Provide the disclosure form to Tom after the offer is accepted by Linda
• B Provide the disclosure form to Tom not later than the next business day after receiving his offer
• C Provide the disclosure form to Linda before presenting Tom's offer
• D Provide the disclosure form to Tom before he signs the purchase contract