Virginia State Real Estate Exam Practice Question
When MUST written disclosure of brokerage relationships be made to a purchaser?
Correct Answer: C
Rationale: Written disclosure of brokerage relationships is essential for establishing transparency and trust in real estate transactions.
Option C is accurate as it specifies that disclosure must occur upon first specific real-estate assistance, ensuring that the client is informed about the agent's role before any significant actions are taken.
Option A, "Upon first contact," is too vague and does not guarantee that the client receives detailed information about the brokerage relationship.
Option B, "Upon initial meeting," may not involve specific real estate assistance and could miss critical details necessary for informed decision-making.
Option D, "Upon preparation of the offer to purchase," is too late in the process, potentially leaving the client uninformed until a critical point in the transaction.
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