Indiana Agency Model Cheat Sheet

📋 The 1-minute cheat sheet

• Common agency relationships: seller agent, buyer agent, and limited (dual) agency.
• A written agency disclosure must be provided to the consumer.
• Brokers owe their client duties such as loyalty, confidentiality, disclosure, and accounting.
• Limited (dual) agency requires informed written consent from all parties involved.
• A new broker practices agency under the supervision of a managing broker.
• Sales/agency disclosure clarifies whom the broker represents in the transaction.
• Customers (non-clients) are still owed honesty and fair dealing.
• Always confirm the agency relationship in writing before acting on a party's behalf.