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DOPL AGENCY DISCLOSURE BROCHURE EFFECTIVE JULY 1, 2025
THIS IS NOT A CONTRACT!

This document explains the duties a real estate brokerage & its licensees (a Brokerage) owe Idaho consumers, as outlined in the Idaho Real Estate Brokerage Representation Act (Idaho Code 54-2082 54-2097). These duties are required by law! A Brokerage CANNOT modify or eliminate any of them, even with your consent. It is recommended that you review this document prior to discussing ANY personal information with a Brokerage.

THE TERM AGENCY refers to the relationship between a Brokerage & consumers in a real estate transaction. The duties you're entitled to during the process depend on the type of relationship you have with a Brokerage. Understanding the relationships is essential in deciding whether you want to be a CUSTOMER or a CLIENT.

CUSTOMERS
ALL consumers in a real estate transaction are owed the following CUSTOMER duties:
• Assist in transactions with honesty, good faith, skill, & care
• Disclose all known or reasonably knowable adverse material facts
• Properly account for property or money received

IF you sign a Compensation Agreement, you are still a Customer but a Brokerage MUST: Be available to timely present & receive written offers & counteroffers. AS A CUSTOMER, a Brokerage is NOT required to keep your info confidential or promote/protect your interests. If you want those services, you MUST sign a Representation Agreement to become a CLIENT.

CLIENTS
The duties owed to CLIENTS are more extensive. These duties are ONLY owed to consumers who have signed a Representation Agreement with a Brokerage:
• Perform the terms of the written agreement with reasonable skill & care
• Promote your best interests in good faith, honesty & fair dealing
• Keep sensitive info confidential even after representation ends
• Properly account for property or money received
• Disclose all known or reasonably knowable adverse material facts
• Be available to present & receive written offers & counteroffers
• Assist in negotiating price & terms for the transaction

IF YOU SIGN a Representation Agreement & become a CLIENT, you'll need to know what type of options are available. In Idaho, you may be represented under SINGLE AGENCY or LIMITED DUAL AGENCY.

SINGLE
Under Single Agency, you are a Client & the Brokerage represents you, AND ONLY YOU, in your real estate transaction. The entire Brokerage is obligated to promote your best interests. The Brokerage is NOT allowed to represent the other party to the transaction.
• If you are a BUYER, the Brokerage will seek a property for you to purchase with an acceptable price & other terms, and advise you to consult with appropriate professionals.
• If you are a SELLER, the Brokerage will seek a buyer to purchase your property under acceptable terms, & seek proof of a buyer's financial ability to complete the transaction.

LIMITED DUAL
Limited Dual Agency means a Brokerage represents BOTH the buyer & the seller in the same transaction. This may occur if you buy a property listed by the same Brokerage or if the Brokerage finds a buyer for your property. There are TWO types of Limited Dual Agency:
• WITHOUT ASSIGNED AGENTS: The Brokerage represents both Clients EQUALLY, without favoring either. The Brokerage CANNOT share confidential information & MUST protect both Clients' interests while fulfilling their agreements & duties with skill and care.
• WITH ASSIGNED AGENTS: The Designated Broker authorizes an agent to represent each Client. The agents MUST protect their assigned Client's best interests, & keep Client info confidential. The Designated Broker remains neutral & ensures both agents fulfill their Client duties.

DOPL DIVISION OF OCCUPATIONAL & PROFESSIONAL LICENSES
208.334.3233 | DOPL.IDAHO.GOV/REC/ REAL ESTATE COMMISSION
Still have questions? Scan the QR code or visit the website below for consumer resources & common FAQs! idrealestatehelp.my.canva.site/

ACKNOWLEDGMENT OF RECEIPT: Your signature/acknowledgment is ONLY an acknowledgement that a licensee gave you a copy of this document. This is NOT a contract; you are under NO obligation to anything by signing.

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