Every state requires real estate licensees to provide consumers with a Consumer Relationship Disclosure Form (aka Agency Relationship Disclosure). Massachusetts recently (September 2021) made a significant update to their form, but its release was not well publicized leaving many real estate agents and their brokers unaware.
Here is a link to the new version of the Massachusetts Real Estate Agency Disclosure Form. The previous version from 2017 is still available on the mass.gov website here, but we always recommend always using the latest version of any form.
The most notable update to this form is the timing of when an Agency Relationship Disclosure Form must be provided to a consumer. New language is “this form must be presented electronically or through some other means before the licensee enters into a contract with a consumer.” The prior language stated “All real estate licensees must present this form to you at the first personal meeting with you to discuss a specific property”. This change was made, in part, because there are many scenarios where a licensee may never have a personal meeting with their client. Also, the definition of “personal meeting” was unclear.
To keep up with the latest changes and trends in the real estate industry, visit Keep Me Certified and enroll in any of our video-based continuing ed courses.