Fill and Sign the Indiana Disclosure Form

OFFICE POLICY FOR SELLERS DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIPS Consumer Agency Disclosure. Indiana law (I.C. 25-34.1-10-9.5) provides that a Licensee has an agency relationship with, and is representing, the individual with whom the Licensee is working unless: (1) There is a written agreement to the contrary; or (2) The Licensee is merely assisting the individual as a customer without compensation. The Licensee (your broker or salesperson) at Signature Realty Services represents the interests of the Seller as a Seller’s agent to sell the Property. Such Licensee owes duties of trust, loyalty, confdentiality, accounting and disclosure to the Seller. However, Licensee must deal honestly with a buyer and disclose information to the buyer about the Property. All representations made by Licensee about the Property are made as the agent of the Seller. Seller is further advised that the Property may be sold with the assistance of other Licensees working as buyer agents and that Licensee’s company policy is to cooperate with and compensate buyer agents. Buyer agents are Licensees who show the Property to prospective buyers, but who represent only the interests of the buyer. Buyer agents owe duties of trust, loyalty, confdentiality, accounting and disclosure to buyers. All representations made by buyer agents about the Property are not made as the agent of the Seller. Limited Agency Disclosure/Authorization. The Licensee or the principal or managing broker may personally represent a buyer as a buyer’s agent. If such a Buyer wishes to see the Property, then Licensee has agency duties to both Seller and Buyer which may be diferent or even adverse. If limited agency arises, Licensee shall not disclose the following without the informed consent, in writing, of both Seller and Buyer: (1) Any material or confdential information, except adverse material facts or risks actually known by Licensee concerning the physical condition of the Property and facts required by statute, rule, or regulation to be disclosed and that could not be discovered by a reasonable and timely inspection of the Property by the parties. (2) That a Buyer will pay more than the ofered purchase price for the Property. (3) That Seller will accept less than the listed price for the Property. (4) Other terms that would create a contractual advantage for one party over another party. (5) What motivates a party to buy or sell the Property. In a limited agency situation, the parties agree that there will be no imputation of knowledge or information between any party and the limited agent or among Licensees. Required Duties Disclosure. Indiana law (I.C. 25-34.1-10-9.5) provides that a Licensee Must perform at least the following duties for the Seller: (1) Be available to receive and timely present ofers and counterofers for the Property; (2) Assist in negotiating, completing real estate forms, communicating, and timely presenting ofers, counterofers, notices, and various addenda relating to the ofers and counterofers until: (i) a purchase agreement is signed; and (ii) all contingencies are satisfed or waived. (3) Timely respond to questions relating to ofers, counterofers, notices, various addenda, and contingencies pertaining to the subject property. If a Licensee fails to perform the above duties, and another Licensee performs those duties on behalf of or at the request of the Seller, then the performance of those duties by the other Licensee does not constitute an agency relationship. Further, a Licensee may lawfully perform duties in addition to those set forth above on behalf of or at the request of the Seller. A Licensee’s duties in a real estate transaction set forth in this ofce policy do not relieve the Seller from the responsibility to protect his/her own interests. The Seller should carefully read all documents to assure they adequately refect the Seller’s understanding of the transaction. If legal, tax or other expert advice is desired, the Seller should consult a qualifed professional for those opinions. Code of Ethics and Standards of Practice Disclosure. The Code of Ethics and Standards of Practice of the NATIONAL ASSOCIATION OF REALTORS® provides that REALTORS® must advise clients of the REALTOR®’s company cooperative compensation policies and the possibility that sellers or sellers’ representatives may not treat the existence, terms, or conditions of ofers as confdential unless confdentiality is required by law, regulation, or by any confdentiality agreement between the parties. Further, if a seller has approved disclosure of the existence of ofers on the Property, REALTORS® shall also disclose whether ofers were obtained by the listing licensee, another licensee in the listing frm, or by a cooperating broker. By signing below, Seller acknowledges that Limited Agency Authorization has been read and understood. Seller understands that Seller does not have to consent to Licensee(s) acting as limited agent(s), but gives informed consent voluntarily to limited agency and waives any claims, damages, losses, expenses, including attorneys’ fees and costs, against Licensee(s) arising from Licensee’s(s’) role of limited agent(s). BUYER'S AGENT: If you are interested in buying or leasing real property, you can engage a real estate agent as a Buyer's agent. A Buyer's agent acts solely on behalf of the Buyer. You can authorize a Buyer's agent to do other things including hire subagents, broker's agents or work with other agents such as seller's agents on a cooperative basis. A Buyer's agent has, but is not limited to, the following fduciary duties to the Buyer: reasonable care, undivided loyalty, confdentiality, full disclosure, obedience, and a duty to account. The obligations of a Buyer's agent are also subject to any specifc provisions set forth in an agreement between the agent and the Buyer. In dealings with the Seller, a Buyer's agent should: (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially afecting the Buyer's ability and/or willingness to perform a contract to acquire Seller's property that are not inconsistent with the agent's fduciary duties to the Buyer. The undersigned hereby acknowledge receipt of this Notice this the _____ day of ___________, 20_____ . _________________________________ _____________________________ ( Signature of Seller) (Signature of Seller) _________________________________ _____________________________ (Printed Name of Seller) (Printed Name of Seller) _________________________________ _____________________________ ( Signature of Buyer) (Signature of Buyer) _________________________________ _____________________________ (Printed Name of Buyer) (Printed Name of Buyer)