Rule has been in effect for 2½ years and has been thoroughly covered in various Commission publications as well as continuing education Update courses.
The Real Estate Commission continues to receive reports that many brokers and salesmen are not complying with its rule governing agency agreements and disclosure. [A summary of the requirements of the rule was included in the previous issue of your Real Estate Bulletin.]
To better assure compliance with the existing rule, the Commission's auditor/investigators, when investigating complaints and conducting unannounced inspections of real estate offices, have been directed to examine listing agreements and buyer agency agreements to verify that they contain the required Description of Agent Duties and Relationships and examine transaction records to verify that they contain the Disclosure to Buyer From Seller's Agent or Subagent form when required.
If you have a question concerning this or any other rule, please contact the Commission's Legal Services Division.