Common use of REAL ESTATE LICENSE HOLDERS Clause in Contracts

REAL ESTATE LICENSE HOLDERS. ● A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. ● A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. ● Put the interests of the client above all others, including the broker's own interests; ● Inform the client of any material information about the property or transaction received by the broker; ● Answer the client's questions and present any offer to or counter-offer from the client; and ● Treat all parties to a real estate transaction honestly and fairly. agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: ● Must treat all parties to the transaction impartially and fairly; ● May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. ● Must not, unless specifically authorized in writing to do so by the party, disclose: ○ that the owner will accept a price less than the written asking price; ○ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ○ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

REAL ESTATE LICENSE HOLDERS. ● A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. ● A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. ● Put the interests interest of the client above all others, including the broker's own interests; ● Inform the client of any material information about the property or transaction received by the broker; ● Answer the client's questions and present any offer to or counter-offer from the client; and ● Treat all parties to a real estate transaction honestly and fairly. agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: ● Must treat all parties to the transaction impartially and fairly; ● May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. ● Must not, unless specifically authorized in writing to do so by the party, disclose: ○ that o That the owner will accept a price less than the written asking price; ○ that o That the buyer/tenant will pay a price greater than the price submitted in a written offer; and ○ any o Any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law. AS A SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interest of the owner first. The broker's duties and responsibilities to you, and your obligations under the representation agreement Who will pay the broker for services provided to you, when the payment will be made and how the payment will be calculated.

REAL ESTATE LICENSE HOLDERS. ● A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. ● A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. ● Put the interests of the client above all others, including the broker's own interests; ● Inform the client of any material information about the property or transaction received by the broker; ● Answer the client's questions and present any offer to or counter-offer from the client; and ● Treat all parties to a real estate transaction honestly and fairly. agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: ● Must treat all parties to the transaction impartially and fairly; ● May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. ● Must not, unless specifically authorized in writing to do so by the party, disclose: ○ that the owner will accept a price less than the written asking price; ○ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ○ any confidential coincidental information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

REAL ESTATE LICENSE HOLDERS. ● A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. ● • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. ● • Put the interests of the client above all others, including the broker's own interests; ● • Inform the client of any material information about the property or transaction received by the broker; ● • Answer the client's questions and present any offer to or counter-offer from the client; and ● • Treat all parties to a real estate transaction honestly and fairly. agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: ● • Must treat all parties to the transaction impartially and fairly; ● • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. ● • Must not, unless specifically authorized in writing to do so by the party, disclose: ○ that the owner will accept a price less than the written asking price; ○ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ○ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

REAL ESTATE LICENSE HOLDERS. ● A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. ● • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker. ● • Put the interests of the client above all others, including the broker's ’s own interests; ● • Inform the client of any material information about the property or transaction received by the broker; ● • Answer the client's ’s questions and present any offer to or counter-offer from the client; and ● • Treat all parties to a real estate transaction honestly and fairly. agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's ’s obligations as an intermediary. A broker who acts as an intermediary: ● • Must treat all parties to the transaction impartially and fairly; ● • May, with the parties' ’ written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. ● • Must not, unless specifically authorized in writing to do so by the party, disclose: ○ ° that the owner will accept a price less than the written asking pricexxxxx; ○ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ○ ° any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.