Real Estate Agency Disclosure and Election

05 · What this form is

A disclosure that makes the relationship explicit

The Real Estate Agency Disclosure and Election is a disclosure form used in Arizona residential transactions to inform the parties about real estate agency relationships and the parties' election of the type of representation being established. It is a transparency tool that records the relationship so the parties understand what they are entering into.

06 · When it commonly arises

At the start of a transaction

This disclosure commonly arises at the start of a transaction as representation is being established, before the working relationship moves forward.

07 · General subjects it covers

Agency roles, disclosure, and the election of representation

At a high level, the form addresses agency roles and relationships, the disclosure of those relationships to the parties, and the election of representation. The options and wording are set in the document itself. The point is to make the relationship explicit rather than assumed.

08 · Questions to discuss with Andrew

The points worth understanding before you sign

• What the agency relationship means for you, and what is being disclosed about it.

• How the disclosure process works in a transaction, including when it is presented.

• What the form records, so you understand the representation you are establishing.

09 · Next steps

Ask, understand, then sign

• Ask any questions about representation before signing.

• Understand what the form records before you commit.

• Raise anything that is unclear about the relationship with Andrew before you sign.