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Exclusive Brokerage Agreement Requirements
contracts All exclusive brokerage agreements must be in writing and specify that the sponsoring broker, through sponsored licensees, provides at minimum: accepting delivery and presenting offers/counteroffers; assisting in developing, communicating, negotiating, and presenting offers until an agreement is signed and contingencies satisfied/waived; and answering the client's questions about offers, counteroffers, notices, and contingencies.
Key Rules
- ✓All exclusive brokerage agreements must be in writing
- ✓Must specify minimum required services including presenting offers and assisting in negotiations
- ✓Must include answering client questions regarding offers, counteroffers, notices, and contingencies