Current MA regulation requires real estate agent to disclose form of agency to prospective buyers and sellers of real estate at the first personal meeting to discuss a specific property. Establishment of Agency Express written or oral contract where agent and principal agree to terms. Compensation does not create an agency relationship. An individual who performs any act or engages in any transaction included in the foregoing definition of a broker, except the completion of the negotiation of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, renting or leasing of any real estate. Generally refers to person without representation involved in transaction.
All agents have a duty to treat customers fairly.
Where seller client expressly or implicitly authorizes his broker to use other agents to market seller's property. Agent is entitled to compensation regardless of who completes transaction during the period of agreement. Duty survives termination of agency relationship. Duty does not apply to legally required disclosures such as known physical hazardous conditions of property. State and Federal Lead Paint Laws - require that any property where a child under six years old resides must be deleaded and property owner is responsible for compliance.