Oregon Real Estate Practice Test

When should a real estate agent present an agency disclosure pamphlet to each party?

1. At the closing of the transaction

2. At first contact

3. Only upon request

4. After signing the contract

The correct answer is: At first contact

A real estate agent should present an agency disclosure pamphlet at the first contact with each party involved in the transaction. This timing is crucial because it ensures that all parties are informed about their rights and the nature of the agent's relationship to them right from the start of the relationship. By providing the agency disclosure pamphlet early on, it allows clients to have a clear understanding of who the agent represents and the fiduciary duties owed to them. This transparency fosters trust and helps prevent misunderstandings later in the process. Delivering the pamphlet later, such as at closing or after signing a contract, does not provide the necessary information upfront, which could lead to confusion regarding agency roles as the transaction progresses. Presenting it only upon request also does not guarantee that all parties are adequately informed.