Broker duties and responsibilities. A. A broker shall have the following duties to all parties in a transaction, which are mandatory and may not be abrogated or waived by a broker:
1. Treat all parties with honesty and exercise reasonable skill and care;
2. Unless specifically waived in writing by a party to the transaction:
a) receive all written offers and counteroffers b) reduce offers or counteroffers to a written form upon request of any party to a transaction, and c) present timely such written offers and counteroffers;
3. Timely account for all money and property received by the broker;
4. Keep confidential information received from a party or prospective party confidential. The confidential information shall not be disclosed by a firm without the consent of the party disclosing the information unless consent to the disclosure is granted in writing by the party or prospective party disclosing the information, the disclosure is required by law, or the information is made public or becomes public as the result of actions from a source other than the firm. The following information shall be considered confidential and shall be the only information considered confidential in a transaction:
a) that a party or prospective party is willing to pay more or accept less than what is being offered;
b) that a party or prospective party is willing to agree to financing terms that are different from those offered;
c) the motivating factors of the party or prospective party purchasing, selling, leasing, optioning, or exchanging the property; and
d) information specifically designated as confidential by a party unless such information is public.
5. Disclose information pertaining to the property as required by the Residential Property Condition Disclosure Act; and
6. Comply with all requirements of The Oklahoma Real Estate License Code and all applicable statutes and rules.
B. A broker shall have the following duties and responsibilities only to a party for whom the broker is providing brokerage services in a transaction which are mandatory and may not be abrogated or waived by a broker:
1. Inform the party in writing when an offer is made that the party will be expected to pay certain costs, brokerage service costs and approximate amount of costs; and
2. Keep the party informed regarding the transaction.
C. When working with both parties to a transaction, the duties and responsibilities set forth in this section shall remain in place for both parties.
Broker duties and responsibilities. A broker shall have the following duties to all parties in a transaction, which are mandatory and may not be abrogated or waived by a broker:
Broker duties and responsibilities a. Broker agrees to notify BCBSRI immediately of termination of any Group Agreement. Broker agrees to return to BCBSRI any Service Fee overpayments that occur as a result of a processing error by BCBSRI within sixty (60) days of BCBSRI’s request for such repayment.
b. Broker further agrees that BCBSRI is not responsible for any tax reporting related to the payment of the Service Fee to Broker.
c. Broker further agrees that it is solely responsible for determining what licenses are required for it to provide the services described herein, in the Group Agreement, or otherwise, and for obtaining such licenses and maintaining them in good standing throughout the term of this Agreement.
d. Broker agrees that nothing in this Agreement expands the Broker’s authority to act on behalf of BCBSRI as defined in the Broker Agreement.
e. In the event Group fails to pay the Service Fee to BCBSRI, Broker agrees that Broker’s recourse is set forth under the Group Agreement and not against BCBSRI.
Broker duties and responsibilities. Broker shall have the following duties to all parties in a transaction, which are mandatory and may not be abrogated or waived by Broker; Treat all parties with honesty and exercise reasonable care, Unless specifically waived in writing by any parties; Receive all written offers and counteroffers Reduce offers or counteroffers to a written form upon request, Present timely such written offers and counteroffers. Timely account for all money and property received by Xxxxxx, Keep confidential information received from a party or prospective party confidential. The confidential information shall not be disclosed by a firm without the consent of the party disclosing the information unless consent to the disclosure is granted in writing by the party or prospective party disclosing the information, the disclosure is required by law, or the information is made public or becomes public as the result of actions from a source other than the firm. The following information shall be considered confidential and shall be the only information considered confidential in a transaction: that a party or prospective party is willing to pay more or accept less than what is being offered; that a party or prospective party is willing to agree to financing terms that are different from those offered; the motivating factors of the party or prospective party purchasing, selling, leasing, optioning, or exchanging the property; information specifically designated as confidential by a party unless such information is public. Disclose information pertaining to the Property as required by law, Comply with all requirements of state and federal law.
