Which scenario requires IABS disclosure?

The requirement for an Information About Brokerage Services (IABS) disclosure arises primarily in situations where there is a substantive discussion about specific properties and the representation relationship between a broker and a client is established. In a face-to-face meeting where specific properties are being discussed, it is essential to provide this disclosure to inform potential buyers or sellers about the broker's role in the transaction and their rights.

This disclosure serves to clarify the nature of the agency relationship, whether the broker is representing the buyer, the seller, or acting as an intermediary. By presenting the IABS during such meetings, it ensures that both parties understand their obligations and the services being rendered, which is vital for transparency in real estate transactions.

In contrast, other scenarios such as an open house with only one buyer present may not necessitate an IABS disclosure until the broker engages in a more specific or substantive conversation regarding properties. Waiting until after an offer is made or once the sale is finalized is also too late for the IABS disclosure, as it should ideally be provided during early interactions to establish clear lines of communication and expectations from the outset.