Is the principal required to sign the fiduciary disclosure?

• A. Yes, the principal must sign
• B. Only if requested
• C. The buyer must sign but not the seller
• D. The principal is not required to sign the disclosure

Answer: (D)

Understanding agency relationships is key: the fiduciary disclosure is a notice from the licensee about who represents whom and what fiduciary duties apply. It’s information the client needs to know, not a contract or a form that creates consent. Because of that, the principal isn’t required to sign the disclosure. The important requirement is that the licensee provide the disclosure and keep a record showing it was given. If the client chooses to sign to acknowledge receipt, that’s optional and just confirms they received it, not that the agency relationship is created or altered.