Are real estate agents in Guam required to disclose their agency relationship to clients?

In Guam, real estate agents are indeed required to disclose their agency relationships to clients. This principle is rooted in the need for transparency and ethical practice in real estate transactions. When an agent discloses their agency status, it clarifies the nature of the relationship between the agent and the client, ensuring that clients are fully aware of whether the agent represents them (as a client) or another party (such as the seller or buyer).

This requirement is essential as it protects clients' interests and helps avoid potential conflicts of interest. By providing this information upfront, clients can make informed decisions regarding their representation and understand the agent's fiduciary duties. Failure to disclose agency relationships could lead to legal repercussions for the agent, compromising the trust integral to the client-agent relationship.

Understanding this requirement reinforces the importance of ethical standards in real estate practices, which are designed to protect consumers and maintain integrity within the industry.