Which document must disclose any conflicts of interest?

Prepare for the RECA Residential Exam with targeted flashcards and multiple choice questions. Each question includes hints and explanations. Ensure your success with our engaging practice materials!

The correct answer is the Written Service Agreement. This document specifically outlines the terms of the relationship between the service provider and the client. Under regulations governing real estate transactions, it is crucial for any written agreement to disclose conflicts of interest to ensure transparency and maintain trust between the parties.

By explicitly mentioning any potential conflicts, the Written Service Agreement helps ensure that the client is fully informed and can make choices that are in their best interest. This fosters a professional environment and encourages ethical practices within the real estate industry.

While other documents, such as the Customer Acknowledgement Form or Purchase Agreement, may touch on various disclosures or terms, they do not primarily focus on addressing conflicts of interest in the context of the overall service relationship as comprehensively as the Written Service Agreement does.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy