Quiz for Real Estate Companies

Brokerage Relationships Act Tapes

1. Do all your agents understand the new law?

2. Do you have evidence that you have provided oversight on this topic?

3. Do you have a clear written policy of which brokerage relationships your company will perform?

4. If you are a Transaction brokerage company only, do you have a policy to allow exceptions when your agents are buying and selling their own houses or working with relatives?

5. Do you have a clear policy as to how you are going to resign a party when you are faced with a Single Party buyer and Single Party seller in house transaction?

6. Have you avoided talking with other companies about which brokerage relationships you as a group should offer the public?

7. Are you sure your agents are avoiding agency "terminology."

8. Do you have a policy as to how you will handle commissions to agents if your company is faced with a Single Party, Single Party in-house transaction?

9. Do you have a policy of seeing and approving what your agents put on their web pages?

10. Do you have arrangements in place to refer parties to other companies in the event a Single Party/Single Party situation arises?

Brokerage Relationships Act Tapes

Important:

These are only a few of the many questions you need to answer. Look back at this page for more questions as they are posted.