18. When MUST written disclosure of agency status be made to a buyer?
Answer: C
Written disclosure of agency status must be made upon first discussion of a specific property.
Written disclosure of agency status is required to be provided to a buyer when there is a discussion about a specific property. This ensures transparency and helps the buyer understand the relationship with the agent before any further steps are taken.
A) Upon first contact.
This option is incorrect because the disclosure does not need to be made at the very first contact with the buyer. It becomes necessary when a specific property is discussed, which is a more critical moment for the buyer's understanding of agency status.
B) Prior to showing property to a buyer.
While it may seem logical to disclose agency status before showing properties, this option is incorrect. The requirement is specifically linked to discussions about a specific property, meaning disclosure can occur during those discussions rather than strictly before any showings.
C) Upon first discussion of a specific property.
This option is correct as it aligns with the requirements for agency disclosure. The law mandates that agents must provide written disclosure when they begin to discuss a specific property, ensuring that buyers are informed about the agent's role and responsibilities.
D) Prior to the preparation of an offer to purchase.
This option is incorrect because while it is important to disclose agency status before preparing an offer, the legal requirement is satisfied once the discussion of a specific property begins. Thus, disclosure is not confined to this stage alone.
Conclusion
The requirement to disclose agency status upon first discussion of a specific property is crucial for maintaining transparency in real estate transactions. This ensures that buyers are adequately informed about their representation, which is not guaranteed by the other options, making C the definitive correct answer.