New York State law requires that real estate licensees who are acting as agents of buyers and sellers of property to advise the potential buyers or sellers who they are working with of the nature of their agency relationship and the rights and obligations it creates. This disclosure will help you the potential buyer or seller to make informed choices about the relationship with the real estate broker and its sales agents. Throughout a transaction you may receive more than one disclosure form. The law may require each agent assisting in the transaction to present you with this agency disclosure form. A real estate agent is a person licensed and qualified to advise about real estate. Should you need legal, tax or other advice, consult with a professional in that field.
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