CONSUMER INFORMATION AND RESPONSIBILITY Clause Samples
The 'Consumer Information and Responsibility' clause defines the obligations of consumers to provide accurate and complete information relevant to the transaction or service. Typically, this clause requires consumers to disclose necessary personal or financial details, update any changes promptly, and ensure that all information submitted is truthful. By establishing these requirements, the clause helps prevent misunderstandings, reduces the risk of fraud, and ensures that the service provider can deliver services effectively and in compliance with applicable laws.
CONSUMER INFORMATION AND RESPONSIBILITY. Whether you are the buyer or seller you can choose to have the advice, assistance and representation of your own agent who works for you. Do not assume that a real estate agent works solely for you unless you have an agreement for that relationship. With your consent, licensees from the same firm may represent a buyer and seller in the same transaction. These agents are referred to as dual agents. Also, a buyer and seller may be represented by agents in the same real estate firm as designated agents. The “designated seller or buyer agent” is your sole representative. However, where both the seller and buyer provide written consent to have a designated agent represent them then the agent making such designation becomes a “dual agent” for the buyer and seller. All real estate agents must, by law, present properties honestly and accurately. They must also disclose known material defects in the real estate. The duties of a real estate agent do not relieve the consumers of the responsibility to protect their own interests. If you need advice for legal, tax, insurance or land survey matters it is your responsibility to consult a professional in those areas. Real Estate agents do not have a duty to perform home, lead paint or insect inspections nor do they perform septic system, wetlands or environmental evaluations. (Check one) Seller’s Agent ▇▇▇▇▇’s Agent Facilitator Relationship with others affiliated with ▇▇▇▇▇▇▇▇.▇▇▇ Realty – Broker License Number 9510195 – Designated Agency Only the real estate agent(s) listed below represent the consumer named in this form (designated seller or buyer agency). In this situation any firm or business listed above and other agents affiliated with the firm or business do not represent you and may represent another party in your real estate transaction. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇▇▇▇.▇▇▇ Realty MA Broker’s License# 9510195 (Signature of real estate agent and date) (Printed name of real estate agent) (Real Estate Agency/Type/License Number) By signing below, I, the consumer, acknowledge that I have received and read the information in this disclosure. (Signature of consumer) (Printed name of consumer) (Signature of consumer) (Printed name of consumer) A seller can engage the services of a real estate agent to sell his property (called the listing agent) and the real estate agent is then the agent for the seller who becomes the agent’s client. This means that the real estate agent represents the seller. The agent owes the seller undivid...
CONSUMER INFORMATION AND RESPONSIBILITY. Whether you are the tenant or landlord you can choose to have the advice, assistance and representation of your own agent who works for you. Do not assume that a real estate agent works solely for you unless you have an agreement for that relationship. With your consent, licensees from the same firm may represent a tenant and landlord in the same transaction. These agents are referred to as dual agents. Also a tenant and landlord may be represented by agents in the same real estate firm as designated agents. The "designated landlord or tenant agent" is your sole representative. However where both the landlord and tenant provide written consent to have a designated agent represent them then the agent making such designation becomes a "dual agent" for the tenant and landlord. All real estate agents must, by law, present properties honestly and accurately. They must also disclose known material defects in the real estate. SAMPLE The duties of a real estate agent do not relieve the consumers of the responsibility to protect their own interests. If you need advice for legal, tax, insurance or land survey matters it is your responsibility to consult a professional in those areas. Real Estate agents do not have a duty to perform home, lead paint or insect inspections nor do they perform septic system, wetlands or environmental evaluations. (Check one) ▇▇▇▇▇▇▇▇'s Agent ▇▇▇▇▇▇'s Agent [ X ] Facilitator IF A LANDLORD’S OR TENANT’S AGENT IS CHECKED ABOVE COMPLETE THE SECTION BELOW: Relationship with others affiliated with: [ N/A ] Print name of real estate firm or business and license number (Check one) [ N/A ] The real estate agent listed below, the real estate firm or business listed above and all other affiliated agents have the same relationship with the consumer named herein (landlord or tenant agency, not designated agency). [ N/A ] Only the real estate agent listed below represents the consumer named in this form (designated landlord or tenant agency). In this situation any firm or business listed above and other agents affiliated with the firm or business do not represent you and may represent another party in your real estate transaction. Signature of real estate agent Printed name of real estate agent License Number/Type Today's Date Signature of consumer #1 Printed name of consumer #1 Today's Date Signature of consumer #2 Printed name of consumer #2 Today's Date Signature of consumer #3 Printed name of consumer #3 Today's Date Signature of consumer #4 Prin...
CONSUMER INFORMATION AND RESPONSIBILITY. Whether you are the buyer or seller you can choose to have the advice, assistance and representation of your own agent who works for you. Do not assume that a real estate works solely for you unless you have an agreement for that relationship. With your consent, licensees from the same firm may represent a buyer and seller in the same transaction. These agents are referred to as dual agents. Also, a buyer and seller may be represented by agents in the same real estate firm as designated agents. The “designated seller or buyer agent” is your sole representative. However, where both the seller and buyer provide written consent to have a designated agent represent them, then the agent making such designation becomes a “dual agent” for the buyer and seller. All real estate agents must, by law, present properties honestly and accurately. They must also disclose known materials defects in the real estate. The duties of a real estate agent do not relieve the consumers of the responsibility to protect their own interests. If you need advice for legal, tax, insurance or land survey matters, it is your responsibility to consult a professional in those areas. Real Estate agents do not have a duty to perform home, lead paint or insect inspections nor do they perform septic system, wetlands or environmental evaluations.
CONSUMER INFORMATION AND RESPONSIBILITY. Whether you are the buyer or seller you can choose to have the advice, assistance and representation of your own agent who works for you. Do not assume that a real estate agent works solely for you unless you have an agreement for that relationship. With your consent, licensees from the same firm may represent a buyer and seller in the same transaction. These agents are referred to as dual agents.