A Consumer Information Booklet

 

· What Consumers Need to Know When Working with a Real Estate Broker

· Know Your Rights

· Customer or Client?

· Agent and Client

· What is a Customer?

· Transaction Brokerage

· Single Agency

· Limited Consensual Dual Agent

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Brokers, after you read the Consumer Information Booklet, you should have a Real Estate Brokerage Disclosure Form, with language similar to below for the consumer to sign.

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After reading this consumer information booklet, you should sign a brokerage agreement that contains a statement of the services to be provided by the real estate professional. Remember, if you do not sign a brokerage agreement, by law, the licensee working with you will be considered a transaction broker. Ask your real estate licensee to clarify and explain anything in this booklet that you do not fully understand before signing a contract for real estate brokerage services. You are encouraged to sign the disclosure form and retain a copy for your records.