In Kentucky, what must a licensee include in their contract to ensure it complies with the law?

In Kentucky, including an agency disclosure in a contract is crucial to ensure compliance with legal requirements. This disclosure serves to inform all parties involved in a transaction about who the agent represents. It clarifies whether the agent is acting on behalf of the buyer, the seller, or both, thus promoting transparency and informed consent. This requirement is in place to protect consumers and ensure they understand the dynamics of the agency relationship, which is a fundamental aspect of real estate transactions.

The other choices, while they may be important components of a real estate transaction or contract, do not fulfill the specific legal requirement mandated by Kentucky law regarding agency relationships. Thus, they do not hold the same level of legal necessity as the agency disclosure.