Relationship Disclosure Form - Idaho

Relationship Disclosure Form is a legal document that was released by the Idaho Department of Correction - a government authority operating within Idaho.

FAQ

Q: What is a Relationship Disclosure Form?
A: A Relationship Disclosure Form is a document that declares the relationship between real estate agents and their clients.

Q: Why is a Relationship Disclosure Form required?
A: A Relationship Disclosure Form is required to inform clients about the professional relationship and duties between the real estate agent and the client.

Q: Who needs to sign a Relationship Disclosure Form?
A: Both the real estate agent and the client need to sign a Relationship Disclosure Form.

Q: When should a Relationship Disclosure Form be signed?
A: A Relationship Disclosure Form should be signed before the real estate agent starts working with the client.

Q: What information is included in a Relationship Disclosure Form?
A: A Relationship Disclosure Form includes details about the agency relationship, such as whether the agent is representing the buyer, seller, or both.

Q: Is a Relationship Disclosure Form legally binding?
A: Yes, a Relationship Disclosure Form is a legally binding document.

Q: What happens if a Relationship Disclosure Form is not signed?
A: If a Relationship Disclosure Form is not signed, it may lead to misunderstandings about the agency relationship and the duties of the real estate agent.

Q: Can a client revoke a signed Relationship Disclosure Form?
A: Yes, a client can revoke a signed Relationship Disclosure Form, but it should be done in writing.

Q: Are there any fees associated with a Relationship Disclosure Form?
A: No, there are no specific fees associated with a Relationship Disclosure Form. However, there may be other fees related to the real estate transaction.