What document is used to outline a person’s agency relationships in the real estate industry?

The agency disclosure form is the correct document used in the real estate industry to outline a person's agency relationships. This form serves a critical purpose by informing clients and customers about the nature of the relationship they have with their real estate agent, whether the agent is representing the buyer, the seller, or both in a transaction. It ensures transparency and helps avoid potential misunderstandings regarding the responsibilities and obligations of the parties involved.

This form typically details the duties of the agent, the level of representation provided, and the implications of that relationship. By presenting this information upfront, the agency disclosure form fosters trust and clarity, which is vital in real estate transactions.

In contrast, a commission agreement often pertains specifically to the payment structure for an agent's services rather than outlining agency relationships. The sales contract constitutes an agreement between buyers and sellers regarding the terms of a property sale, which is more transactional in nature. The client consent form may pertain to permissions related to specific actions or disclosures but does not typically outline the broader agency relationship.