What regulation requires real estate agents to disclose whom they represent?

Regulation 175.7 of Article 12A is the regulation that mandates real estate agents to disclose whom they represent, ensuring transparency in the agency relationship. This regulation is critical because it establishes trust and clarity between the agent, the buyer, and the seller. It requires agents to communicate whether they are representing the buyer, the seller, or both, which helps all parties understand their rights and responsibilities in the transaction.

This requirement is designed to protect consumers and promote ethical practices within the real estate industry. By obligating agents to make their agency relationships clear, Regulation 175.7 upholds the integrity of the real estate profession and fosters informed decision-making for clients. Disclosures are often made in writing, and this practice is crucial in maintaining compliance with New York State laws regarding agency representation.