Promoting Free and Open Competition

Save this PDF as:
Size: px
Start display at page:

Download "Promoting Free and Open Competition"

Transcription

1 Promoting Free and Open Competition 1. How do I respond to Isn t this the rate that everyone charges? CREA, BCREA and your local real estate boards do not tell licensees how to run their businesses or what fees or commissions to charge. Licensees should avoid agreements with competitors that fix the level of fees, commissions or commission splits which is a serious offence under the Competition Act. However, the negotiation of commission splits between two licensees on an individual transaction basis is generally acceptable. Members of the public choose with whom they want to work and negotiate the terms (services and fees) of the relationship with their licensee. Reference Source: Q&A: Yes Vote Scenario- March 22, Competition Member information Zone REALTOR Link. In relations with customers and clients, brokers and licensees should explain their pricing and other business policies in terms of the services their brokerage provides. Promote your brokerage s track record, detail your marketing or negotiating expertise, and explain the functions and the value of the services performed by a real estate professional. Defend your qualifications. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition CREA Why don t we all just pay less to those licensees who traditionally charge less? Licensees and brokers should avoid agreements with competitors that establish a fixed commission split. Further, two or more brokerages should not agree to offer to a third brokerage, or other particular brokerages, a lower commission split. Discussions with competitors about commission fees, calculation of compensation, and commission splits can result in allegations of price fixing, which is prohibited by the criminal conspiracy provisions of the Competition Act. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition, CREA Do not discriminate against or refuse to deal with brokerages that use alternate business models. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition, CREA 2009, p. 14.

2 3. Are the cooperating Brokers commissions set? Licensees should avoid agreements involving competitors that establish a fixed compensation rate to be paid for cooperative efforts. Listing and cooperating brokerages may negotiate the compensation they will pay to each other, but these discussions should never include a third brokerage. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition, CREA 2009, p.5 4. I d like to lower the commission rate, but the Board has a rule CREA, BCREA and your local real estate boards do not tell REALTORS how to run their businesses or what fees or commissions to charge since doing so would raise issues under the federal Competition Act. As members of organized real estate, REALTORS adhere to Rules that ensure accuracy and quality of information. Members of the public choose with whom they want to work and negotiate the terms (services and fees) of the relationship with their REALTOR. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition CREA 2009 Q&A: Yes Vote Scenario- March 22, Competition Member information Zone REALTOR Link 5. I d like to lower the commission, but no board member will show your house unless the commission is X%. A licensee should not be part of any agreement, formal, informal or otherwise to fix commissions or to collectively refuse to deal with other competitors or work on listings. A licensee should similarly never suggest or infer that there is an agreement or arrangement between competing licensees to set commissions or collectively refuse to deal with someone, which is what the above language implies. This type of conduct can raise serious issues under the criminal conspiracy provisions of the Competition Act. It is also prudent for licensees not to be part of any threat, or predatory or exclusionary conduct, that could be interpreted as pushing up prices (or discouraging the reduction of fees or discount offers or excluding alternative business models from the market). Such conduct might raise issues under the criminal conspiracy provisions of the Competition Act if more than one licensee is involved. Attempts to exclude competitors, even if done by individual licensees, may raise potential issues under the new price maintenance provision (although the lack of case law on the new provision makes this unclear). Price maintenance had formerly been a criminal offence punishable by criminal fines and imprisonment, but significant amendments in 2009 converted it into a civil provision with the sole remedy now being an order to stop price maintenance conduct.

3 CREA and BCREA will be watching for future cases which test the ability of individual licensees to choose which business models with whom they do business while still fulfilling the agency and other commitments that a licensee has to a client. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition, CREA 2009, p.4 6. What is a Mere Posting? A listing on a member board s MLS system where the member has chosen or agreed not to provide services to the seller, other than submitting the listing for posting on a member board s MLS system. 7. What are the Rules for a Mere Posting? All MLS listings, including Mere Postings, must comply with CREA s Three Pillars and their interpretations. This means that listing licensees who take Mere Postings must: offer compensation for the cooperative selling of the property; be available to provide professional advice and counsel to the seller on all offers and counter offers, unless otherwise directed by the seller in writing; take responsibility for the accuracy of the information submitted for inclusion in a board s MLS system and; specify in the REALTOR remarks if the seller has reserved the right to sell the property himself/herself in the MLS listing; CREA s Rules provide that the seller s contact information shall not appear on REALTOR.ca or in the general (public) remarks section of a listing on a Board/Association s MLS System. Further, comments such as visit the REALTOR website for seller s contact information would not be permissible as these comments specify the nature of the additional information. The seller s contact information may appear in the REALTOR ONLY REMARKS (NON PUBLIC) SECTION of a listing on a Board s MLS System. Reference Source: Application of the Competition Tribunal s Consent Order, CREA Pod Cast, December 13, 2010 A prudent licensee will ensure that any agreement made with a consumer to modify or limit their duties, as described in section 3-3(1) of the Council Rules, is done in writing, before providing any services. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition, CREA 2009 Report from Council, February 2011 Volume 46, No.4

4 8. Can the owner request the cancellation of MLS listed properties to avoid sales reporting responsibilities? An important part of the inherent value of the board s MLS system is the transaction data accumulated for sales of listed properties. Therefore, it is the responsibility of all board members to ensure, regardless of their business model, that property sales information for properties listed on the board s MLS system, including the reporting of conditionally sold properties and sale prices, be reported to the board (in a timely fashion or insert some reasonable time period). Members are not permitted to avoid these reporting responsibilities to the board by, for example, cancelling a listing between receipt (or anticipated receipt) and acceptance of an offer, or encouraging a seller to do so. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition CREA 2009 Legal Practices Memo - December Competition Member Information Zone REALTOR Link. 9. What should I say if a member of the public calls asking to list his or her home on an MLS System without working with a REALTOR? A board s MLS system remains a member to member service for REALTORS. If a member of the public would like to list a property on a board s MLS system, they should contact a REALTOR. REALTORS may individually decide whether to accept mere postings as part of their business model, in which the only service provided by the REALTOR is to place the listing on an MLS system. Reference Source: Real Estate Competition Guide Promoting Free and Open Competition, CREA Competition Bureau information Zone REALTOR Link. 10. What if a listing will not be shown based on the commission structure? There are two potential issues under the Competition Act that can arise in connection with not showing a listing in which a buyer s agent feels that the commission structure is insufficient. First, if a listing will not be shown based on an agreement, arrangement or other understanding between competing licencees, this could potentially raise criminal conspiracy issues under the Competition Act. Section 45 of the Competition Act makes it a criminal offence, among other things, for competitors (or potential competitors) to enter into agreements to fix, control or lessen the production or supply of a product including services. This language is potentially broad enough to include concerted (i.e., collective) refusals by competitors to deal with other marketplace participants (also known as group boycotts ). Second, a refusal to deal by one licensee or broker based on another broker s or licensee s low pricing policy could also raise civil price maintenance issues under the Competition Act.

5 While any such refusal would have to also result in an adverse effect on competition, in some circumstances (e.g., a refusal to deal by a licensee or broker with a significant market presence), such a refusal could lead to civil price maintenance liability under the Competition Act. As such, based on the potential criminal conspiracy risk, a broker or licensee should never discuss with competitors the idea of not showing or working on another broker s or licensee s listing. With respect to price maintenance, the potential risk of a licensee or broker refusing to work on a listing would depend on the circumstances (e.g., whether it could be shown that any such refusal was based on the listing broker s or licensee s low pricing, whether such a refusal would result in an adverse effect on competition, etc.). Having said that, a licensee or broker that wished to avoid potential price maintenance issues arising should seek an alternative way to be compensated for working on a listing rather than refusing to work on it or show it (see the discussion below). In addition to the above potential competition law issues, an agent or broker may also have agency obligations to show a client all listings. For a useful reference on the agency aspects of this issue, see: Kim Spencer, Manager Professional Standards, Real Estate Board of Greater Vancouver, Three may be company, but no one likes a third wheel. This article discusses both a buyer agent s agency obligations to his/her client and options to seek increased compensation for working on a listing where a licensee or broker feels that the compensation being offered is insufficient. 11. What is the average/typical commission structure in (place)? It is important for brokers and licensees to set their own commission rates and splits individually without agreement or arrangement with competitors. This is because the Competition Act makes it a criminal offence for competitors (or potential competitors) to agree to fix the prices of goods or services, including real estate services. In addition, merely suggesting that there is, for example, an average, typical or usual commission in a particular market, even when that is not the case, may allow the Competition Bureau or a court to infer the existence of an agreement that may contravene the conspiracy provisions of the Competition Act. The negotiation of commission splits between two brokers or licensees on an individual transaction basis is, however, generally acceptable. If asked about rates, it is generally prudent for individual brokers or licensees to explain that their rates are determined individually based on their own level of service and business

6 model and never to suggest or infer that rates have been arrived at by agreement, arrangement, industry norms or practice, etc. with competitors. 12. Can a real estate brokerage set a fee? Whether a broker can set an office policy for commission rates, or establish related policies such as specifying the areas in which his/her salespeople work, their areas of specialization, etc., raises the issue of whether such policies may violate the criminal conspiracy provisions of the Competition Act (under section 45). This generally was not an issue prior to the 2009 amendments to section 45 since the former provision contained a market power test and it was unlikely any single brokerage would have enough market power to substantially lessen competition in a market by itself. The new section 45 of the Competition Act, however, prohibits agreements between competitors (or potential competitors) to fix prices, divide/allocate markets or restrict output/supply, with no market effects now needed to be proven. This may mean that an office policy for a single office might raise an issue under the new section 45. In the context of broker office policies for commission rates (or other aspects of services provided by a broker s salespeople), the key issue is whether a broker could be seen as a competitor of his/her salespeople, such that any such office policy may be shown to be a price-fixing or other agreement between competitors. Given that section 45 was recently amended in 2009 (and came into force in 2010), there is as yet no case law interpreting key aspects of section 45, including the definition of competitor in that section or when individuals should be considered to be one party (or a single firm) as opposed to multiple parties, such that they can be found to be conspiring for the purposes of section 45. For this reason, until there is case law interpreting section 45, there is, depending on the structure of a particular brokerage, potential risk for brokers that set office policies for commission rates (or establish policies for other aspects of their salespeople s services e.g., the areas in which they work, their areas of specialization, etc.). Having said that, the Competition Bureau informally (verbally) advised CREA in December, 2010 that brokerage office policies have not been on the Bureau s radar and that the Commissioner of Competition has no present intention to investigate brokerage office policies under the Competition Act s criminal provisions (i.e., under section 45 of the Act). Moreover, the Bureau informed CREA at that time that if it were to receive any complaints about bona fide brokerage office policies, it would not likely investigate the complaint under the criminal provisions of the Competition Act but would rather consider them under non-criminal provisions such as the price maintenance or, abuse of dominance provisions or potentially under the CREA Consent Agreement.

7 Some of the options for brokers that wish to obtain more guidance on this issue include: applying for a binding advisory opinion from the Competition Bureau; 1 seeking legal advice on a particular office policy(ies); or following up with CREA regarding any new developments on this issue. A summary of CREA s communications with the Competition Bureau on this issue is set out below. The following is the CREA communication sent to members in December, 2010 reflecting its discussions with the Competition Bureau on the issue of broker office policies for commission rates (and related policies): The current section 45 criminal conspiracy provision of the Competition Act came into effect on March 12, With the then pending CREA/Competition Bureau litigation before the Competition Tribunal, the application of section 45 to brokerage office policies was not pursued with the Bureau at that time, even though the Bureau had been put on notice regarding this issue. You will remember that CREA had made submissions in February 2009 to the House of Commons Committee studying the then proposed amendments to the Act, and subsequently in comments on the same amendments to a Senate Committee and to the Bureau. With a view to obtaining greater certainty for CREA members with respect to the Competition Bureau s approach to the potential application of the new section of the legislation to brokerage office policies, a meeting was held between CREA representatives and Bureau officials on November 22nd. The issue concerns the right of the Brokerage office under the new legislation to establish the commission rate(s) or fee(s) to be charged by salespersons in that brokerage office and/or allocate markets for salespersons within that office, as well as its ability to limit the service offerings to be provided or marketed as part of that firm s business model. The concern with section 45 of the Act is focused in part on whether or not the broker could be considered a competitor or potential competitor of his or her salespersons and in turn, whether agreements or policies with regard to pricing of services to be offered by the 1 While any person can apply for a binding written opinion from the Competition Bureau for proposed business conduct, brokers and licensees should be aware that the Bureau has discretion as to whether to issue such opinions. In addition, given the fact that the relevant sections of the Competition Act are relatively new (the result of amendments to the Competition Act in 2009), the Bureau may be unwilling to issue a written opinion on this issue to an individual brokerage (or any such opinion, if issued, may be of such a level of generality as to be of little practical assistance).

8 firm, the business models to be offered by the firm, or the specialization requirements for members within such firm, would be viewed as prohibited agreements. CREA approached the Bureau on this topic with the perspective that a broker or brokerage and the brokerage's salespersons are not competitors or potential competitors within the meaning of section 45 of the Act (even if a broker actively competed for listings or clients with the brokerage's salespersons) because the salespersons can contract only on behalf of the brokerage, and the salesperson normally must register with a brokerage to provide real estate services because of provincial regulation. Likewise brokers and the brokerage may have liabilities arising from the conduct of their salespersons, and certainly the broker often has supervisory responsibilities. As well, it was argued that a brokerage office policy is not the type of mutual agreement that is intended to be prohibited by Section 45 as it is a oneway obligation and in any event, that brokerage office policies are not the kind of conduct targeted for criminal review based on the Bureau s Competitor Collaboration Guidelines. In the event that a broker or brokerage and the brokerage's salespersons were seen as competitors or potential competitors for the purposes of section 45 of the Act, CREA argued that such office policies on price or market allocation are reasonably necessary for giving effect to the broader brokerage/salesperson relationship. This line of reasoning ties into a legislated defence for criminal conspiracy known as the ancillary restraints defence. The outcome of the Bureau meeting is as follows: The Bureau is unwilling to provide any written opinion on the issue as (a) such written advice would not be able to cover all office policies or brokerage structures that may exist now or in the future, and (b) the Commissioner does not want to fetter her enforcement discretion and (c) the Bureau s Competitor Collaboration Guidelines should provide sufficient guidance on the views of the application of section 45 to principal agent agreements. However, the Bureau informally (verbally) advised that brokerage office policies have not been on the Bureau s radar and the Commissioner has no present intention to investigate brokerage office policies under the Act s criminal conspiracy provisions. If the Bureau were to receive any complaints about bona fide brokerage office policies, it would NOT investigate the complaint under the criminal provisions of the legislation but would instead consider them under non-criminal provisions like price maintenance, abuse of dominance or possibly under the Consent Agreement (but that application would be limited in terms of consequences to CREA or indirectly member boards). While not an ideal response, it is hoped that this information provides some comfort to the membership and serves as a basis for some significant reassurance. BCREA 2011

THE COMPETITION TRIBUNAL. IN THE MATTER OF the Competition Act, R.S.C. 1985, c. C-34, as amended;

THE COMPETITION TRIBUNAL. IN THE MATTER OF the Competition Act, R.S.C. 1985, c. C-34, as amended; CT- THE COMPETITION TRIBUNAL IN THE MATTER OF the Competition Act, R.S.C. 1985, c. C-34, as amended; AND IN THE MATTER OF an application by the Commissioner of Competition pursuant to section 79 of the

More information

STANDARDS OF BUSINESS PRACTICE OF THE CANADIAN REAL ESTATE ASSOCIATION AND INTERPRETATIONS

STANDARDS OF BUSINESS PRACTICE OF THE CANADIAN REAL ESTATE ASSOCIATION AND INTERPRETATIONS STANDARDS OF BUSINESS PRACTICE OF THE CANADIAN REAL ESTATE ASSOCIATION AND INTERPRETATIONS ARTICLE 1 The Member shall endeavour to be informed regarding the essential facts which affect current market

More information

CREA DDF FAQ. Q: Will creating this facility lead to another investigation from the Competition Bureau?

CREA DDF FAQ. Q: Will creating this facility lead to another investigation from the Competition Bureau? CREA DDF FAQ Note: New questions and answers added in November 2012 are shown in red. Q: What is the CREA DDF? A: The CREA DDF is a data distribution facility that CREA created to enable its members to

More information

Chapter 1. Questions Licensees Frequently Ask the Commission

Chapter 1. Questions Licensees Frequently Ask the Commission Chapter 1 Questions Licensees Frequently Ask the Commission As a service to real estate licensees and other interested parties, this chapter provides general responses to some questions that licensees

More information

DEALING WITH UNREPRESENTED SELLERS REAL ESTATE

DEALING WITH UNREPRESENTED SELLERS REAL ESTATE DEALING WITH UNREPRESENTED SELLERS REAL ESTATE Purpose: To assist real estate professionals to understand the process of working with sellers who do not have representation from a real estate professional.

More information

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA COLUMBIA DIVISION

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA COLUMBIA DIVISION IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF SOUTH CAROLINA COLUMBIA DIVISION ) UNITED STATES OF AMERICA, ) ) Plaintiff, ) ) v. ) ) CONSOLIDATED MULTIPLE ) LISTING SERVICE, INC., ) ) Defendant.

More information

Arbitration - Mandatory or Voluntary?

Arbitration - Mandatory or Voluntary? Arbitration - Mandatory or Voluntary? Obligation to Arbitrate The obligation of REALTORS to arbitrate flows from Article 17 of the Code of Ethics. Article 17 of the Code establishes: In the event of a

More information

Interagency Guidelines Web seminar, February 10, 2011

Interagency Guidelines Web seminar, February 10, 2011 Interagency Guidelines Web seminar, February 10, 2011 Questions from participants. The answers here are suggestive guidance only and should not be treated or considered legal or regulatory advice. You

More information

A Guide to Toronto Community Housing Tenant Representative Elections

A Guide to Toronto Community Housing Tenant Representative Elections A Guide to Toronto Community Housing Tenant Representative Elections Tenant Engagement Shaping Our Future Together Electing a Representative for your building and your new Neighbourhood Council Tenant

More information

FLAT FEE MLS LISTING AGREEMENT

FLAT FEE MLS LISTING AGREEMENT FLAT FEE MLS LISTING AGREEMENT This Flat Fee MLS Listing Agreement (hereinafter referred to as the AGREEMENT ) is entered into by and between (hereinafter referred to as OWNER ) and Hive Realty, LLC (hereinafter

More information

CALIFORNIA ASSOCIATION OF REALTORS. Buyer's and Seller's Guide to the California Residential Purchase Agreement

CALIFORNIA ASSOCIATION OF REALTORS. Buyer's and Seller's Guide to the California Residential Purchase Agreement CALIFORNIA ASSOCIATION OF REALTORS Buyer's and Seller's Guide to the California Residential Purchase Agreement (C.A.R. Form RPA-CA) 1 A publication of the CALIFORNIA ASSOCIATION OF REALTORS USER PROTECTION

More information

ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790 X 3 DISCIPLINARY ACTIONS TABLE OF CONTENTS

ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790 X 3 DISCIPLINARY ACTIONS TABLE OF CONTENTS Real Estate Commission Chapter 790 X 3 ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790 X 3 DISCIPLINARY ACTIONS TABLE OF CONTENTS 790 X 3.01 Change Of Address 790 X 3.02 Returned Check Fee

More information

UNIT 12. FINTRAC AND THE PRIVACY CODE

UNIT 12. FINTRAC AND THE PRIVACY CODE TABLE OF CONTENTS: MODULE 3 UNIT 12. FINTRAC AND THE PRIVACY CODE Session 1: Money Laundering and Terrorist Financing Historical Background Federal Legislation What is Money Laundering Methods of Money

More information

CALIFORNIA ASSOCIATION OF REALTORS. Buyer's and Seller's Guide to the California Residential Purchase Agreement

CALIFORNIA ASSOCIATION OF REALTORS. Buyer's and Seller's Guide to the California Residential Purchase Agreement CALIFORNIA ASSOCIATION OF REALTORS Buyer's and Seller's Guide to the California Residential Purchase Agreement (C.A.R. Form RPA-CA) 1 A publication of the CALIFORNIA ASSOCIATION OF REALTORS USER PROTECTION

More information

OUR GOVERNMENT AT WORK: JUSTICE DEPARTMENT SUES NAR. By John Dolgetta, Associate of The Law Firm of Edward I. Sumber, P.C.

OUR GOVERNMENT AT WORK: JUSTICE DEPARTMENT SUES NAR. By John Dolgetta, Associate of The Law Firm of Edward I. Sumber, P.C. OUR GOVERNMENT AT WORK: JUSTICE DEPARTMENT SUES NAR By John Dolgetta, Associate of The Law Firm of Edward I. Sumber, P.C. The National Association of Realtors ( NAR ) has been in negotiation with the United

More information

NONTRADITIONAL REAL ESTATE BROKERS MORE ACTIVE DESPITE INDUSTRY EFFORTS TO STOP THEM

NONTRADITIONAL REAL ESTATE BROKERS MORE ACTIVE DESPITE INDUSTRY EFFORTS TO STOP THEM 1620 Eye Street, NW, Suite 200, Washington, DC 20006 www.consumerfed.org For Immediate Release Contact Wednesday, December 13, 2006 Jack Gillis, 202-737- 0766 NONTRADITIONAL REAL ESTATE BROKERS MORE ACTIVE

More information

Residential MANAGING BROKER APPLIED PRACTICE COURSE TOOLKIT. component three

Residential MANAGING BROKER APPLIED PRACTICE COURSE TOOLKIT. component three Residential MANAGING BROKER APPLIED PRACTICE COURSE TOOLKIT component three DISCLAIMER The government has recently made some significant changes to the Real Estate Services Act, Regulations under the Act

More information

CVR MLS 2015 New and Revised Forms Reference Guide

CVR MLS 2015 New and Revised Forms Reference Guide CVR MLS 2015 New and Revised Forms Reference Guide On February 25, 2015, the CVR MLS Board of Directors approved six new forms and revisions to the seven other existing CVR MLS transaction documents. This

More information

Gainesville Multiple Listing, Inc. (GMLS) Rules & Regulations

Gainesville Multiple Listing, Inc. (GMLS) Rules & Regulations Gainesville Multiple Listing, Inc. (GMLS) Rules & Regulations Effective Date: July 2014 Table of Contents Listing Procedures 1 Section 1 Listing Procedures... 1 Section 1.1 Types of Properties... 2 Section

More information

Home Seller Name(s) Here

Home Seller Name(s) Here LISTING CONTRACT This listing contract ( Listing Contract ) is by and between Home Seller Name(s) Here ( Seller ) and Real Estate Agent Name Here ( Listing Agent ) for the listing of that certain real

More information

ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790-X-3 DISCIPLINARY ACTIONS TABLE OF CONTENTS

ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790-X-3 DISCIPLINARY ACTIONS TABLE OF CONTENTS Real Estate Commission Chapter 790-X-3 ALABAMA REAL ESTATE COMMISSION ADMINISTRATIVE CODE CHAPTER 790-X-3 DISCIPLINARY ACTIONS TABLE OF CONTENTS 790-X-3-.01 Change Of Address 790-X-3-.02 Returned Check

More information

as Buyer(s) ("Buyer"), and

as Buyer(s) (Buyer), and EXCLUSIVE BUYER AGENCY AGREEMENT [Consult "Guidelines" (Form 201G) for guidance in completing this form] This EXCLUSIVE BUYER AGENCY AGREEMENT ("Agreement") is entered into (), between as Buyer(s) ("Buyer"),

More information

PART 2.7 DEPARTMENT OF GOVERNMENT SERVICES REAL ESTATE REGULATION

PART 2.7 DEPARTMENT OF GOVERNMENT SERVICES REAL ESTATE REGULATION PART 2.7 DEPARTMENT OF GOVERNMENT SERVICES REAL ESTATE REGULATION Executive Summary The Financial Services Regulation Division (the Division) within the Consumer and Commercial Affairs Branch of the Department

More information

ARIZONA REAL ESTATE ETHICS: Comprehensive Final Exam Study Guide

ARIZONA REAL ESTATE ETHICS: Comprehensive Final Exam Study Guide ARIZONA REAL ESTATE ETHICS: Comprehensive Final Exam Study Guide To find the applicable content within the course: Click the "TABLE OF CONTENTS" button in the upper right corner. Then click on the applicable

More information

ADVERTISING OF REAL ESTATE SERVICES

ADVERTISING OF REAL ESTATE SERVICES Advertising Guidelines Revised July 2017 REALTORS shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing, and other representations.

More information

22 Real Estate Licensing and

22 Real Estate Licensing and 22 Real Estate Licensing and Regulation State License Law Obtaining a Real Estate License License Regulation STATE LICENSE LAW Virtually every real estate practitioner in the United States is subject to

More information

RESIDENTIAL PROPERTY MANAGEMENT AGREEMENT for

RESIDENTIAL PROPERTY MANAGEMENT AGREEMENT for RESIDENTIAL PROPERTY MANAGEMENT AGREEMENT for (Property Address) 1 This PROPERTY MANAGEMENT AGREEMENT ("Agreement"), entered into this day of 2,, by and between 3 ("Owner") of the property described below

More information

Guidelines for the Preparation & Use of the Pennsylvania Association of Realtors Pre-Settlement Possession Addendum to Agreement of Sale (Form PRE)

Guidelines for the Preparation & Use of the Pennsylvania Association of Realtors Pre-Settlement Possession Addendum to Agreement of Sale (Form PRE) Guidelines for the Preparation & Use of the Pennsylvania Association of Realtors Pre-Settlement Possession Addendum to Agreement of Sale (Form PRE) General Notes on Usage of PAR Standard Forms The Pennsylvania

More information

IC Chapter 10. Real Estate Agency Relationships

IC Chapter 10. Real Estate Agency Relationships IC 25-34.1-10 Chapter 10. Real Estate Agency Relationships IC 25-34.1-10-0.5 "Agency relationship" Sec. 0.5. As used in this chapter, "agency relationship" means a relationship in which a licensee represents

More information

Case Illustrates Twists and Turns in Dealing with Rights of First Refusal Martin Doyle Facts of the Case

Case Illustrates Twists and Turns in Dealing with Rights of First Refusal Martin Doyle Facts of the Case Case Illustrates Twists and Turns in Dealing with Rights of First Refusal By: Martin Doyle As originally published as a Special to the Legal Intelligencer, PLW, October 19, 2009 Martin Doyle is a member

More information

Ocala/Marion County Multiple Listing Service Rules and Regulations

Ocala/Marion County Multiple Listing Service Rules and Regulations Ocala/Marion County Multiple Listing Service Rules and Regulations OCALA MLS 3105 NE 14 Street Ocala, Fl. 34470 (352) 629-7077 Table of Contents Listing Procedures. 1 Section 1.1 Types of Properties..

More information

Upcoming RASM Education Courses

Upcoming RASM Education Courses Upcoming RASM Education Courses 2018-2019 *Please arrive on time. You must arrive on time and attend the entire session to be given credit for the class per the Department of Commerce. Thank you!* OCT

More information

Subscription Application and Agreement

Subscription Application and Agreement Subscription Application and Agreement Application Type New Subscriber Application Reactivation Member Transfer Please complete this section if this is a Member Transfer as well as Subscriber Details and

More information

Chapter 6 Questions Listing Agreements and Buyer Representation

Chapter 6 Questions Listing Agreements and Buyer Representation Chapter 6 Questions Listing Agreements and Buyer Representation 1. All of the following reasons are valid bases for terminating a listing agreement EXCEPT a. Sale of the property b. Death of the salesperson

More information

Request for Proposals for Commercial Real Estate Brokerage Services Port Angeles, Washington. Issued June 6, 2016

Request for Proposals for Commercial Real Estate Brokerage Services Port Angeles, Washington. Issued June 6, 2016 Request for Proposals for Commercial Real Estate Brokerage Services Port Angeles, Washington Issued June 6, 2016 Proposal Due Date: June 13, 2016 RFP FOR PROPOSALS ( RFP ) COMMERCIAL REAL ESTATE BROKERAGE

More information

DUELING BUYERS, MULTIPLE OFFERS AND BACK-UP OFFERS. video series designed to provide introduction and analysis on various legal issues impacting

DUELING BUYERS, MULTIPLE OFFERS AND BACK-UP OFFERS. video series designed to provide introduction and analysis on various legal issues impacting DUELING BUYERS, MULTIPLE OFFERS AND BACK-UP OFFERS Hello, Michigan Realtors and welcome back to the Letter of the Law, a monthly video series designed to provide introduction and analysis on various legal

More information

Roles in a Real Estate Transaction

Roles in a Real Estate Transaction Basics Objectives Upon completion of this section the student should be able to: Explain the role of a real estate broker, managing broker, designated broker and firm in the context of a real estate transaction;

More information

NATIONAL ASSOCIATION OF REALTORS Code of Ethics Video Series. Case Interpretations Related to Article 17

NATIONAL ASSOCIATION OF REALTORS Code of Ethics Video Series. Case Interpretations Related to Article 17 Case Interpretations Related to Article 17 Note: The following information is reprinted from the current NATIONAL ASSOCIATION OF REALTORS Code of Ethics and Arbitration Manual. Case #17-1: Obligation to

More information

S.R.A.R. MEMBERSHIP RULES TABLE OF CONTENTS Revised August 25, 2010 FORMS OF MEMBERSHIP...1 B. APPLICATION FEES...1 C. DUES...1

S.R.A.R. MEMBERSHIP RULES TABLE OF CONTENTS Revised August 25, 2010 FORMS OF MEMBERSHIP...1 B. APPLICATION FEES...1 C. DUES...1 S.R.A.R. MEMBERSHIP RULES TABLE OF CONTENTS Revised August 25, 2010 A FORMS OF MEMBERSHIP...1 B. APPLICATION FEES...1 C. DUES...1 D. STATE AND NATIONAL ASSOCIATIONS...1 E. RULES APPLICATION...1 F. APPLICATION...1

More information

What happens when the Court is involved in a tenancy deposit dispute?

What happens when the Court is involved in a tenancy deposit dispute? Who should read this? Key Documents Tenants Agents Landlords What happens when the Court is involved in a tenancy deposit dispute? Here are some pointers from TDS about choosing between sending a dispute

More information

Subscription Agreement

Subscription Agreement Subscription Agreement This Subscription Agreement (the Agreement ) is made and entered into by and between the Cambria Somerset Association of REALTORS (the MLS ), and an individual real estate agent,

More information

Rules and Regulations. Adopted: July 28, 2017

Rules and Regulations. Adopted: July 28, 2017 Rules and Regulations Adopted: July 28, 2017 1 Contents Article 1 - Name, Authority and Purpose... 3 Article 2 - Participation... 3 Article 3 - Fees, Charges and Fines... 5 Article 4 - Listing Procedures...

More information

Chapter 21. Earnest Money Procedures for Licensees INTRODUCTION

Chapter 21. Earnest Money Procedures for Licensees INTRODUCTION Chapter 21 Earnest Money Procedures for Licensees INTRODUCTION This chapter discusses the practices and the procedures that licensees must follow in handling earnest money. This discussion of earnest money

More information

MAI Esq s on Appraiser Defense Appraisal Institute National Conference Nashville, TN Tuesday, July 31 st Afternoon Session

MAI Esq s on Appraiser Defense Appraisal Institute National Conference Nashville, TN Tuesday, July 31 st Afternoon Session MAI Esq s on Appraiser Defense Appraisal Institute National Conference Nashville, TN Tuesday, July 31 st Afternoon Session Steven J. Geller, MAI, Esq. Law Office of Steven J. Geller 319 Diablo Road, Suite

More information

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. DRAFT

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. DRAFT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (AE41-5-09)

More information

The New York REALTORS Guide to Agency Disclosure

The New York REALTORS Guide to Agency Disclosure New York REALTORS Guide Agency Disclosure Amended law effective as January 1, 2011 On August 30, 2010 most recent revisions agency disclosure law were signed by Gov. David Paterson. This amendment includes

More information

VALUATION OF PROPERTY. property. REALTORS need to keep in mind first, that the Occupational Code limits what

VALUATION OF PROPERTY. property. REALTORS need to keep in mind first, that the Occupational Code limits what VALUATION OF PROPERTY I. INTRODUCTION REALTORS are often asked for their opinion on the value of a particular piece of property. REALTORS need to keep in mind first, that the Occupational Code limits what

More information

DATA DISTRIBUTION FACILITY (DDF ) POLICY AND RULES

DATA DISTRIBUTION FACILITY (DDF ) POLICY AND RULES DATA DISTRIBUTION FACILITY (DDF ) POLICY AND RULES DATA DISTRIBUTION FACILITY (DDF ) POLICY Data Distribution Facility (DDF ) Overview CREA has created a Data Distribution Facility (DDF ) to enable CREA

More information

ONTARIO S CONDOMINIUM ACT REVIEW ONCONDO Submissions. Summary

ONTARIO S CONDOMINIUM ACT REVIEW ONCONDO Submissions. Summary ONTARIO S CONDOMINIUM ACT REVIEW ONCONDO Submissions Summary PROCESS OVERVIEW As part of the first stage of Ontario s Condominium Act Review, the Ministry of Consumer Services invited the public to send

More information

Great Plains REALTORS MLS New policy regarding the timely processing of MLS listings

Great Plains REALTORS MLS New policy regarding the timely processing of MLS listings Great Plains REALTORS MLS New policy regarding the timely processing of MLS listings The number of properties listed for sale that are not being processed timely in the MLS system, is increasing. Concerns

More information

Handling Multiple Offers

Handling Multiple Offers Handling Multiple Offers Objectives Upon completion of this section the student should be able to: 1. Explain to buyers and sellers how to prepare and evaluate offers based on a buyer s ability to close

More information

REAL ESTATE TOPICS JUNE 1, 2008 NEGOTIATING AND STRUCTURING JOINT VENTURE AND LLC AGREEMENTS

REAL ESTATE TOPICS JUNE 1, 2008 NEGOTIATING AND STRUCTURING JOINT VENTURE AND LLC AGREEMENTS BENNETT VALLEY LAW REAL ESTATE TOPICS JUNE 1, 2008 NEGOTIATING AND STRUCTURING JOINT VENTURE AND LLC AGREEMENTS Parties negotiate joint venture agreements in the spirit of optimism. Anxious to combine

More information

Your guide to selling a home

Your guide to selling a home Your guide to selling a home Your guide to selling a home DISCLAIMER This booklet is an introductory guide. Buying property is a complex and sometimes fast-moving legal process. Every transaction is different,

More information

S 0168 S T A T E O F R H O D E I S L A N D

S 0168 S T A T E O F R H O D E I S L A N D LC000 01 -- S 01 S T A T E O F R H O D E I S L A N D IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 01 A N A C T RELATING TO BUSINESSES AND PROFESSIONS - REAL ESTATE BROKERS AND SALESPERSONS Introduced By:

More information

RESULTS OF THE PUBLIC CONSULTATION ON PROPOSED RULES. Summary Report November 2017

RESULTS OF THE PUBLIC CONSULTATION ON PROPOSED RULES. Summary Report November 2017 RESULTS OF THE PUBLIC CONSULTATION ON PROPOSED RULES Summary Report November 2017 2 Introduction On September 6, 2017, the Office of the Superintendent of Real Estate (OSRE) requested public and industry

More information

Buyer s Initials Seller s Initials DRAFT G. SHORT SALE APPROVAL CONTINGENCY

Buyer s Initials Seller s Initials DRAFT G. SHORT SALE APPROVAL CONTINGENCY G. SHORT SALE APPROVAL CONTINGENCY 1. Approval of Seller s Lender(s) and Requirements for Seller s Approval of Short Sale. This Contract is contingent upon: (a) Seller s lender(s) and all other lien holder(s)

More information

Rental Application (PAR Form RA) and. Rental Application for Landlord Agents (PAR Form RALA)

Rental Application (PAR Form RA) and. Rental Application for Landlord Agents (PAR Form RALA) Pennsylvania Association of Realtors Rental Application (PAR Form RA) and Rental Application for Landlord Agents (PAR Form RALA) Guidelines for Preparation & Use Updated February 2017 Table of Contents

More information

DISCIPLINE DECISION IN THE MATTER OF A DISCIPLINE HEARING HELD PURSUANT TO BY-LAW NO. 10 OF THE REAL ESTATE COUNCIL OF ONTARIO

DISCIPLINE DECISION IN THE MATTER OF A DISCIPLINE HEARING HELD PURSUANT TO BY-LAW NO. 10 OF THE REAL ESTATE COUNCIL OF ONTARIO Real Estate Council of Ontario BETWEEN: DISCIPLINE DECISION IN THE MATTER OF A DISCIPLINE HEARING HELD PURSUANT TO BY-LAW NO. 10 OF THE REAL ESTATE COUNCIL OF ONTARIO MANAGER OF COMPLAINTS, COMPLIANCE

More information

Spokane Association of REALTORS Multiple Listing Service. Rules and Regulations Revised April, 2017

Spokane Association of REALTORS Multiple Listing Service. Rules and Regulations Revised April, 2017 Spokane Association of REALTORS Multiple Listing Service Rules and Regulations Revised April, 2017 P a g e ii Table of Contents LISTINGS PROCEDURES... 1 Section 1 PURPOSE... 1 Section 1.1 Listing Procedures...

More information

GOLDEN ISLES ASSOCIATION OF REALTORS CIRCLE OF EXCELLENCE RULES & REGULATIONS Revised November 16, 1999 Amended 10/25/00 Amended 02/23/01 Amended

GOLDEN ISLES ASSOCIATION OF REALTORS CIRCLE OF EXCELLENCE RULES & REGULATIONS Revised November 16, 1999 Amended 10/25/00 Amended 02/23/01 Amended GOLDEN ISLES ASSOCIATION OF REALTORS CIRCLE OF EXCELLENCE RULES & REGULATIONS Revised November 16, 1999 Amended 10/25/00 Amended 02/23/01 Amended 06/13/01 Amended 02/21/02 Amended 01/07 Amended 08/19/10

More information

OFFICE POLICY MANUAL

OFFICE POLICY MANUAL OFFICE POLICY MANUAL Magna Capital Group, Inc. requires every Agent: To remain licensed and in good working standing with the California Department of Real Estate. Per the DRE, Agents should provide their

More information

( Seller ) Seller(s) Name:

( Seller ) Seller(s) Name: Seller(s) Name: ( Seller ) I/we, authorize MLS4owners.com ( MLS4OWNERS ) to advertise the real property ( Property ) described herein. For the purpose of this Agreement: (a) MLS means a multiple listing

More information

Real Estate Council of Alberta. An introduction 1

Real Estate Council of Alberta. An introduction 1 Real Estate Council of Alberta An introduction 1 2 Real Estate Council of Alberta - An introduction Welcome At the heart of Alberta s real estate industry is an organization where people work cooperatively

More information

AGENCY: SHIELD OF ARMOR: Comprehensive Final Exam Study Guide

AGENCY: SHIELD OF ARMOR: Comprehensive Final Exam Study Guide AGENCY: SHIELD OF ARMOR: Comprehensive Final Exam Study Guide To find the applicable content within the course: Click the "TABLE OF CONTENTS" button in the upper right corner. Then click on the applicable

More information

BUYER / PURCHASE CHECK LIST

BUYER / PURCHASE CHECK LIST BUYER / PURCHASE CHECK LIST FAX: 440-449-9105 / HOMESTAR@CENTURY21.COM AGENT: PROPERTY ADDRESS: Check List: Escrow Letter: Purchase Agreement: Agency Disclosure: Property Disclosure: Consumer s Guide:

More information

Lesson Eight: Clarifying Agency Relationships

Lesson Eight: Clarifying Agency Relationships Lesson Eight: Clarifying Agency Relationships Lesson Topics This lesson focuses on the following topics: Agency Relationships Disclosure Policy Understanding the Broker s Office Policy Lesson Learning

More information

Before you enter a Short Sale, Foreclosure or REO listing READ THIS!

Before you enter a Short Sale, Foreclosure or REO listing READ THIS! Before you enter a Short Sale, Foreclosure or REO listing READ THIS! Why is it mandatory to report if the transaction is a short sale, in foreclosure, or an REO? Article 2 of the Code of Ethics requires

More information

Fair Housing Laws. What are They and Why are They Important?

Fair Housing Laws. What are They and Why are They Important? Fair Housing Laws What are They and Why are They Important? Town Residential Flatiron Office August 13, 2014 Pierre E. Debbas Romer Debbas, LLP 183 Madison Avenue Suite 904 New York, NY 1001 212-888-3100

More information

Additional Questions and Answers

Additional Questions and Answers RICS Seminars 2012/13 on the OFT Guidance on Property Sales: Compliance with the Consumer Protection from Unfair Trading Regulations 2008 and the Business Protection from Misleading Marketing Regulations

More information

ISSUE 1 Fourth Quarter, REALTORS Commercial Alliance Series HOT TOPICS ANSWERS TO CURRENT BUSINESS ISSUES TENANTS-IN-COMMON INTERESTS

ISSUE 1 Fourth Quarter, REALTORS Commercial Alliance Series HOT TOPICS ANSWERS TO CURRENT BUSINESS ISSUES TENANTS-IN-COMMON INTERESTS ISSUE 1 Fourth Quarter, 2005 REALTORS Commercial Alliance Series HOT TOPICS ANSWERS TO CURRENT BUSINESS ISSUES TENANTS-IN-COMMON INTERESTS Tenants-in-Common The Parties, the Risks, the Rewards What Real

More information

Preliminary Negotiations of a Commercial Lease Agreement Between Landlord and Tenant

Preliminary Negotiations of a Commercial Lease Agreement Between Landlord and Tenant Preliminary Negotiations of a Commercial Lease Agreement Between Landlord and Tenant By James T. Saint, CCIM Real Estate Advocate 8 Jan 1995 (updated 4 Aug 2009) This article deals with the preliminary

More information

Rules and Regulations

Rules and Regulations Rules and Regulations Adopted: July 28, 2017 Revised03/14/2018 Internet Data Exchange (IDX) 12.3.1.3 / 12.3.1.4 Corrections on Content Sequence VOW update every 12 Hours CS Added as Status Type CS modification

More information

November 27, 2012 ADVISORY OPINION

November 27, 2012 ADVISORY OPINION ADVISORY OPINION The New Jersey Real Estate Appraisers Board (the Board ) is aware that uncertainty exists regarding the question whether state licensed real estate brokers (the term broker is herein used

More information

Greater Central Louisiana REALTORS Association, Inc. Multiple Listing Service EXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS

Greater Central Louisiana REALTORS Association, Inc. Multiple Listing Service EXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS Greater Central Louisiana REALTORS Association, Inc. Multiple Listing Service EXCLUSIVE RIGHT TO REPRESENT OWNERS/SELLERS The undersigned owner(s) exclusively lists and places with the undersigned Real

More information

INDEPENDENT CONTRACTOR AGREEMENT (Page 1 of 12)

INDEPENDENT CONTRACTOR AGREEMENT (Page 1 of 12) INDEPENDENT CONTRACTOR AGREEMENT (Page 1 of 12) This Independent Contractor Agreement ( Agreement ), dated is made between California Standards, Inc. d/b/a United Realty Group ( Broker ) and (Salesperson

More information

GUIDANCE ON TRANSPARENCY OF FEES INVOLVING PROPERTY SALES

GUIDANCE ON TRANSPARENCY OF FEES INVOLVING PROPERTY SALES GUIDANCE ON TRANSPARENCY OF FEES INVOLVING PROPERTY SALES Compliance with the Consumer Protection from Unfair Trading Regulations 2008 February 2019 Tom Crowther QC Robert Brown Solicitor, National Trading

More information

Real Estate Institute of Tasmania Assignment Cover Sheet

Real Estate Institute of Tasmania Assignment Cover Sheet Real Estate Institute of Tasmania Assignment Cover Sheet Unit (s) of competency CPPDSM4080A Work in the Real Estate Industry Name of candidate Attempt number Method of Delivery Attended class Date of Training:

More information

PERRY CITY UTAH REQUEST FOR PROPOSALS REAL ESTATE BROKER SERVICES

PERRY CITY UTAH REQUEST FOR PROPOSALS REAL ESTATE BROKER SERVICES PERRY CITY UTAH REQUEST FOR PROPOSALS REAL ESTATE BROKER SERVICES Overview The City of Perry, Utah is hereby requesting proposals from qualified, real estate brokers to assist with the sale of approximately

More information

GUI DE T O COM PL AI N T S : IN D UST R Y P R O FE SS ION ALS

GUI DE T O COM PL AI N T S : IN D UST R Y P R O FE SS ION ALS GUI DE T O COM PL AI N T S : IN D UST R Y P R O FE SS ION ALS This guide provides consumers with information on the Real Estate Council of Alberta (RECA) complaint process, including how to make a complaint,

More information

H 7478 S T A T E O F R H O D E I S L A N D

H 7478 S T A T E O F R H O D E I S L A N D LC000 01 -- H S T A T E O F R H O D E I S L A N D IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 01 A N A C T RELATING TO BUSINESSES AND PROFESSIONS - REAL ESTATE BROKERS AND SALESPERSONS Introduced By: Representatives

More information

VIRGINIA ASSOCIATION OF REALTORS EXCLUSIVE AUTHORIZATION TO SELL

VIRGINIA ASSOCIATION OF REALTORS EXCLUSIVE AUTHORIZATION TO SELL VIRGINIA ASSOCIATION OF REALTORS EXCLUSIVE AUTHORIZATION TO SELL OWNER AUTHORIZATION REGARDING INTERNET Internet advertising is one of the ways information concerning real property offered for sale is

More information

Licensee Relationships. Course Goals. Who s Your Client? Duties to Clients 9/7/2011

Licensee Relationships. Course Goals. Who s Your Client? Duties to Clients 9/7/2011 Connecticut Real Estate Agent Fiduciary Duties Review and Law Update Connecticut Real Estate Licensee Mandatory Continuing Education Course 2010-2012 CE Cycle The course was developed by the Center for

More information

Landlord s Application for Assistance to The First-tier Tribunal for Scotland (Housing and Property Chamber)

Landlord s Application for Assistance to The First-tier Tribunal for Scotland (Housing and Property Chamber) Landlord s Application for Assistance to The First-tier Tribunal for Scotland (Housing and Property Chamber) This guidance has been prepared by the Housing and Property Chamber for the assistance of landlords

More information

Real Estate Council of Ontario DISCIPLINE DECISION

Real Estate Council of Ontario DISCIPLINE DECISION Real Estate Council of Ontario DISCIPLINE DECISION IN THE MATTER OF A DISCIPLINE HEARING HELD PURSUANT TO THE REAL ESTATE AND BUSINESS BROKERS ACT, 2002, S.O. 2002, c. 30, Sch. C BETWEEN: REGISTRAR UNDER

More information

JERSEY SHORE MULTIPLE LISTING SERVICE EXCLUSIVE AGENCY LISTING AGREEMENT

JERSEY SHORE MULTIPLE LISTING SERVICE EXCLUSIVE AGENCY LISTING AGREEMENT This form has been certified by the Attorney General to be in compliance with the Plain Language Law. Approval of a consumer contract by the Attorney General only means that simple, understandable and

More information

Missouri Housing Development Commission

Missouri Housing Development Commission REQUEST FOR QUALIFICATIONS and PROPOSALS Real Estate Broker Missouri Housing Development Commission Response Deadline: Three copies and one electronic copy on a CD-ROM to MHDC No later than 4:00 p.m. on

More information

Professional Short Sale Negotiators Short Sale Option Agent Listing Packet

Professional Short Sale Negotiators Short Sale Option  Agent Listing Packet Presents Short Sale Option www.lotusrealtygroup.com Agent Listing Packet 400 S Sierra Ave. Suite 102, Solana Beach, CA 92075 SUPPLEMENTAL COMMISSION AGREEMENT WITH LISTING BROKER/AGENT ( Listing Broker/Agent

More information

2. Fix, control, recommend, or suggest the cooperative compensation offered by listing brokers to potential cooperating brokers.

2. Fix, control, recommend, or suggest the cooperative compensation offered by listing brokers to potential cooperating brokers. Sussex County Association of REALTORS Multiple Listing Service Rules and Regulations Effective January 1, 2001 Revised 7/03, 12/05, 7/06, 01/07, 9/07, 01/08, 05/08, 07/08, 09/08, 01/09, 02/09, 06/09, 05/11,

More information

Auction Benefits... Page 5 Private Treaty Benefits... Page 5 What is your property worth?...page 5 - Pricing Guidelines

Auction Benefits... Page 5 Private Treaty Benefits... Page 5 What is your property worth?...page 5 - Pricing Guidelines SELLING GUIDE Table of Contents Request an Appraisal... Page 3 Selling Guide... Page 3 The Market Appraisal... Page 3 The Role of the Real Estate Agent... Page 3 Choosing a Real Estate Agent... Page 4

More information

SBAOR REALTOR Membership Application Process

SBAOR REALTOR Membership Application Process SBAOR REALTOR Membership Application Process Items needed to complete the application process: Application for membership Copy of Bureau of Real Estate (BRE) License Copy of California ID or Driver s License

More information

Home Seller s Guide. power of the century 21 brand

Home Seller s Guide. power of the century 21 brand Home Seller s Guide Saying goodbye is never easy. But, when it s time to move on, your CENTURY 21 Sales Agent will help promote and sell your home to the next owner who will enjoy it as much as you have.

More information

Town of North Castle New York REQUEST FOR PROPOSALS REAL ESTATE BROKER SERVICES

Town of North Castle New York REQUEST FOR PROPOSALS REAL ESTATE BROKER SERVICES Town of North Castle New York REQUEST FOR PROPOSALS REAL ESTATE BROKER SERVICES 1. Overview The Town of North Castle, New York is hereby requesting proposals from qualified, real estate brokers to assist

More information

This is your 3rd hand-in quiz. The Answer Sheet Follows this Quiz

This is your 3rd hand-in quiz. The Answer Sheet Follows this Quiz a. Sale of the property b. Death of the salesperson c. Agreement of the parties d. Destruction of the premises This is your 3rd hand-in quiz. The Answer Sheet Follows this Quiz a. a procuring cause. b.

More information

Private Rented Sector Tenants Energy Efficiency Improvements Provisions

Private Rented Sector Tenants Energy Efficiency Improvements Provisions Private Rented Sector Tenants Energy Efficiency Improvements Provisions Guidance for landlords and tenants of domestic property on Part Two of the Energy Efficiency (Private Rented Property) (England and

More information

ADDENDUM TO PURCHASE AGREEMENT TENNESSEE STATE SPECIFIC TERMS

ADDENDUM TO PURCHASE AGREEMENT TENNESSEE STATE SPECIFIC TERMS ADDENDUM TO PURCHASE AGREEMENT TENNESSEE STATE SPECIFIC TERMS Event No. / Buyer acknowledges that the purchase of the Property may have resulted from a transfer made by a beneficiary under a deed of trust

More information

RULES TABLE OF CONTENTS RULE TITLE PAGE. 101 Definitions Participation Application to Participate Additional Offices 3

RULES TABLE OF CONTENTS RULE TITLE PAGE. 101 Definitions Participation Application to Participate Additional Offices 3 RULES TABLE OF CONTENTS RULE TITLE PAGE 101 Definitions 1 201 Participation. 1-2 202 Application to Participate 3 203 Additional Offices 3 204 Death of a Participant. 3 205 Resignation... 3-4 301 Rights

More information

PROPERTY MANAGEMENT PROPOSAL

PROPERTY MANAGEMENT PROPOSAL PROPERTY MANAGEMENT PROPOSAL Brian Patrick, Broker/Owner 1195 Red Hawk Drive Frisco, TX 75033 (972) 333-5270 (214) 291-2516 Brian Patrick, BROKER/OWNER Certified Residential Specialist 1195 Red Hawk Drive

More information

Unauthorized. Chapter 5 1. CSST Lightning Safety Awareness

Unauthorized. Chapter 5 1. CSST Lightning Safety Awareness Chapter 5 Hot Unauthorized Topics CSST Lightning Safety Awareness Corrugated stainless steel tubing (CSST) has been included as an approved gas piping material in the National Fuel Gas Code (NFPA 54) since

More information

COMMERICAL PURCHASE AGREEMENT

COMMERICAL PURCHASE AGREEMENT COMMERICAL PURCHASE AGREEMENT Each commercial transaction is different. This form may not address your specific purpose. This is a legally binding document. If not understood, seek competent advice before

More information

Moving in! FOUND THE HOME OF YOUR DREAMS? HERE S YOUR TO-DO LIST REAL ESTATE COMMISSIONS AND FEES MAY VARY

Moving in! FOUND THE HOME OF YOUR DREAMS? HERE S YOUR TO-DO LIST REAL ESTATE COMMISSIONS AND FEES MAY VARY Moving in! FOUND THE HOME OF YOUR DREAMS? HERE S YOUR TO-DO LIST HOW MUCH OF A DEPOSIT SHOULD I PROVIDE THE SELLER WHEN BUYING A HOME? REAL ESTATE COMMISSIONS AND FEES MAY VARY FIVE TIPS FOR KEEPING A

More information