Standard of Practice 1-13

Posted by PRO Wed, 20 Jun 2007 16:38:00 GMT

When entering into buyer/tenant agreements, REALTORS® must advise potential clients of:
  • the REALTOR®’s company policies regarding cooperation;
  • the amount of compensation to be paid by the client;
  • the potential for additional or offsetting compensation from other brokers, from the seller or landlord, or from other parties;
  • any potential for the buyer/tenant representative to act as a disclosed dual agent, e.g. listing broker, subagent, landlord’s
    agent, etc., and
  • the possibility that sellers or sellers’ representatives may not treat the existence, terms, or conditions of offers as confidential unless confidentiality is required by law, regulation, or by any confidentiality agreement between the parties. (Adopted 1/93, Renumbered 1/98, Amended 1/06)

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