In the situation involving Leslie and the Connellys, what is true after signing an agency disclosure form?

Study for the Virginia State Real Estate Salesperson Exam. Practice with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam with comprehensive tools!

Once Leslie and the Connellys sign the agency disclosure form, it confirms that Leslie has established a formal relationship with the Connellys as their agent or representative in a real estate transaction. This authorization provides Leslie with the legal ability to facilitate transactions on behalf of the Connellys.

The agency disclosure form serves to inform all parties involved about the nature of the relationship and the duties that Leslie has towards the Connellys, which typically includes acting in their best interest, providing information about the property, and assisting with negotiations. With this formal agreement in place, Leslie is empowered to help the Connellys buy or sell property, negotiate terms, and perform related activities.

The other options do not accurately reflect the implications of signing the agency disclosure form. For instance, Leslie remains able to facilitate transactions rather than being restricted, a commission obligation isn't automatically created just by signing the form as it depends on the specific agreement regarding compensation, and once the agency is established, further consent wouldn't be immediately necessary unless the scope of services or the nature of the relationship changes.

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