What is the purpose of "Agency Disclosure" for consumers?

The purpose of "Agency Disclosure" for consumers is to inform them of their rights and the type of agency relationship that exists. This disclosure is a crucial part of the real estate process, as it clarifies the roles and responsibilities of both the agent and the consumer. Consumers need to understand whether they are represented as a buyer, seller, or tenant and what that representation entails in terms of loyalty, confidentiality, and duty. This transparency helps consumers make informed decisions about their real estate transactions, enhancing their understanding of the fiduciary obligations the agent has towards them and ensuring they are aware of their own rights within the agency relationship.

In contrast, other options pertain to different facets of the real estate transaction but do not capture the primary intent of agency disclosure. While fees, property listings, and commission structures are important components of the real estate process, they do not specifically address the critical element of consumer awareness about agency roles and rights that "Agency Disclosure" aims to promote.