California Real Estate Practice Exam

The time frame for disclosure of agency relationships is?

1. After a transaction is completed

2. Before any documents are signed

3. As soon as it is practicable

4. At the time of property listing

The correct answer is: As soon as it is practicable

Disclosure of agency relationships occurs as soon as it is practicable, meaning as soon as it is possible for the agent to disclose the relationship to the involved parties. Options A and B are incorrect because they are not in line with this time frame. Option A suggests disclosing the relationship only after the transaction is completed, which can be too late and jeopardize the transaction. Option B suggests disclosing the relationship before any documents are signed, which can be unfair and potentially disadvantageous for the agent. Option D is incorrect because it suggests disclosing the relationship only at the time of property listing, which may not always be practicable.