IMPORTANT ANNOUNCEMENT

New law, Real Estate Consumer Protection Enhancement Act, goes into effect today which helps strengthen both consumer and real estate licensee protections. CLICK HERE TO READ THE BILL

Sign in to AgentsRockAcademy.com to learn about the new changes:

RESOURCES: WHERE TO FIND THE NEW REQUIRED UPDATED FORMS

We understand that there has been a lot of information circulating in regards to the new laws and regulations. To help you navigate, we have collected the applicable resources to answer those questions for you.

Check out the video below and remember that you can access the Laws and Regulations training module in AgentsRockAcademy.com that includes detailed videos explaining the new changes.

Updated Seller Documents

• Seller’s Property Disclosure with Flood Risk

• Cooperating Compensation Agreement

• Consent to Designated Agency

• Listing Agreement (check your MLS)

• Consumer Information Statement

• Open House Disclosure Notice

Updated Buyer Documents

• Consumer Information Statement

• Exclusive Buyer Agency Agreement

• Non-Exclusive Buyer Agency Agreement

• Addendum to Buyer Agency

• Consent to Designated Agency

Updated Landlord Documents

• Consent to Designated Agency

• Flood Risk Notice to Tenants

Updated Tenant Documents

• Exclusive Tenant Agency Agreement

• Non-Exclusive Tenant Agency Agreement

• Consent to Designated Agency

You can view the updated forms in AgentsRockAcademy.com. We recommend that you access these documents directly in zipforms to get the fillable PDFs for e-signing.

IMPORTANT HIGHLIGHTS

Here are some major things you should be aware of moving forward:

• OPEN HOUSE DISCLOSURE MUST BE ON DISPLAY AND ALSO NEXT TO SIGN-IN SHEET

• BUYERS AGREEMENT MUST BE SIGNED PRIOR TO SHOWING A HOUSE

• SELLER’S DISCLOSURE NOW REQUIRED FOR ALL LISTINGS

• IN DUAL AGENCY TRANSACTIONS WE CAN NOW COLLECT MONEY FROM BOTH BUYER AND SELLER

• COMMISSION PAID BY BUYER IS NOW CONSIDERED PART OF “CLOSING COST” AND SELLER CONCESSIONS CAN BE USED TO PAY BUYERS AGENT COMMISSION