Which document provides notification to all parties about agency relationships and duties before entering a transaction?

• A. Deed
• B. An agency disclosure form
• C. A mortgage
• D. A title commitment

Answer: (B)

Understanding agency relationships and duties is essential before parties participate in a real estate transaction. The agency disclosure form is designed to clearly tell all parties who the licensee represents (buyer, seller, or both) and what duties the licensee owes. This upfront notice helps prevent misunderstandings and conflicts of interest by revealing whether there is single representation, dual representation, or designated agency. The other documents serve different purposes: a deed records transfer of ownership, a mortgage describes loan terms secured by the property, and a title commitment outlines conditions for title insurance. Because only the agency disclosure form communicates representation and duties in advance, it’s the appropriate document for notifying all parties about agency relationships and duties before entering a transaction.