Folks:
I was informed by LIBOR that Cathy Nolan would like us all to amend the way we are signing Agency Disclosure when we are taking out Buyer CUSTOMERS. In the past I had trained that you check the Seller side and then can check both the Sellers Agent and Brokers Agent boxes. NOW, we have been instructed that it is necessary to get TWO (I know- it’s crazy) Agency Disclosures when you meet a Buyer. One should have the Seller Agency box signed and one should have the Broker Agency box checked.
Samples of the new forms are below:
Buyer Customer as Broker’s Agent/Sample
Buyer Customer as Seller’s Agent/Sample
Remember, if you are a Buyer’s Agent this does not apply. You get one disclosure checking the Buyer side and then checking Buyers Agent (NEVER CHECK Brokers Agent on the Buyer side). Additionally, if you would like to add this paragraph to the area below your signature line on emails, you will continue to educate the public about Agency Disclosure.
New York Real Estate Law requires that I provide you with a written Agency Disclosure that describes the various business relationship choices that you may have with the real estate licensee. You may view a copy of this Disclosure when we meet in person, or you can view it on the website of the New York Real Estate Commission at http://www.dos.ny.gov/forms/licensing/1736-a.pdf
Should you have any questions, feel free to call the office.
Regards,
Ruth
Ruth Pfeffer
Real Estate Associate Broker
Office Manager
LIBOR Director
Director & President Elect, LIBOR CNC
Real Estate Instructor
Charles Rutenberg Realty, Inc.
255 Executive Drive ~ Suite 208
Plainview, New York 11803
T: 516-575-7500 EXT: 204
F: 516-575-7501
rpfeffer@crrli.net
www.crrli.com