Which statement is mandatory in the real estate relationship agreement?

In the context of real estate regulations, particularly relating to agreements between clients and agents, it is essential for the relationship agreement to contain certain mandated disclosures. The inclusion of a statement indicating that written representation is mandatory if a client wishes to work with a designated representative is crucial. This requirement ensures that clients are fully aware of their rights and obligations when entering a formal engagement with a real estate agent.

By stating that a written agreement is necessary for representation, the client understands that they must acknowledge the terms of their relationship with the real estate professional, which helps to protect both parties involved. It clarifies the nature of the representation, ensuring that there is an understanding of the services being provided and the expectations for conduct.

Other options, such as providing a list of property values, a description of market trends, or a clause regarding commission rates, while potentially useful, are not mandatory components of the relationship agreement itself. These elements may be discussed and provided to clients, but they do not hold the same regulatory importance as the requirement for written representation within the context of a designated representative. Thus, the correct statement reflects a core legal obligation in real estate practice that helps regulate professional relationships and maintain transparency.