What is the main purpose of the Consumer Relationship Disclosure in Massachusetts real estate?

The primary purpose of the Consumer Relationship Disclosure in Massachusetts real estate is to clearly define the relationship between the agent and the consumer. This disclosure serves as a critical communication tool that outlines the duties, roles, and expectations within the professional relationship. It helps consumers understand whether they are working with a seller's agent, buyer's agent, or a dual agent, thereby setting the groundwork for transparency in the real estate transaction process.

By providing this information, the disclosure aims to protect both parties and ensure that consumers are informed about how the agent will assist them, which ultimately fosters trust and clarifies legal obligations. Understanding this relationship is essential for consumers as it affects their rights and the level of service they can expect.

The other options do not accurately represent the purpose of the Consumer Relationship Disclosure. While creating a binding contract, outlining terms of sale, or eliminating the need for verbal agreements are important aspects of real estate transactions, they do not directly pertain to the focus of this particular disclosure, which is fundamentally about the nature of the relationship and the responsibilities of the parties involved.