SDREC.REALESTATERELATIONSHIPSDISCLOSURE.2014
REAL ESTATE RELATIONSHIPS DISCLOSURE
(This document is NOT a contract between you and this firm. This document is being provided to you as a consumer as you have not
indicated to this agent you are a client with a written contract to another real estate firm).
As required by South Dakota Law, each firm has a responsible broker who must provide a written disclosure of
the specific agency/brokerage relationships their firm may establish PRIOR to their agent discussing your
confidential buying, selling, or leasing objectives of real estate or business opportunity. The following agency
relationships are permissible under South Dakota law.
The office policy of (firm) is to provide the relationships
marked. This disclosure was provided by (agent) on
behalf of (responsible broker).
When all agents of this firm represent only you:
☐ Single Agency is when a firm and all of its agents represent only you and advocate for only your interests
during a transaction. If at any time during the transaction any agent of the same firm represents both you and
the other party, limited agency applies.
When only individually named agent(s) of this firm represents you:
☐ Appointed Agency is when a responsible broker names a specific agent(s) of the firm to represent only
you and advocate for only your interests during a transaction. Agents within the firm who have not been
specifically appointed do not represent you and cannot advocate for your interests. If at any time during the
transaction the responsible broker or a non-appointed agent within the firm represents the other party, limited
agency applies to the responsible broker. If at any time during the transaction your appointed agent(s)
represents both you and the other party, limited agency applies.
When all agents of this firm represents both purchasers and owners:
☐ Limited Agency is when a firm represents both sides to a transaction and no agent within the firm solely
represents you or solely advocates for your interests. Limited agency may only occur with prior written
permission from both sides to a transaction. Within limited agency, the limited agent is required to represent
the interests of you and the other party equally, and the agent cannot disclose your confidential information to
the other party unless legally required to by law.
When a broker does not represent either party to a contract:
☐ Transaction Brokerage is when a broker or agent assists one or more parties with a real estate
transaction without being an agent or advocate for the interests of any party to the transaction.
Acknowledgment: I have been provided a copy of this disclosure indicating the brokerage and agency
relationships offered by this firm. If this is a residential transaction, I also acknowledge the agent has given me
a copy of the Consumer Real Estate Information Guide in booklet/printed format, or, if not provided, I authorize
the agent to provide the guide electronically, as an attachment or link, to access the electronic version of the
guide, at (e-mail).
Signature(s) Date
When you choose not to have an agency relationship with a firm:
I acknowledge the firm/agent named above does not represent me as a client. If I am a customer to a real
estate transaction I understand the firm/agent may be acting as an agent for the other party of the transaction.
Signature(s)
Date_____________
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