 North Carolina Association of REALTORS® “Important Commission Rule Change Regarding Disclosure of Fees & Compensation”
Presenters: Will Martin, General Counsel for the NC Association of REALTORS®, Miriam Baer, Assistant Director of Legal Services for the NC Real Estate Commission, and George Bell, REALTOR®
Link to presentation: http://www.iian.ibeam.com/events/ncar001/27727/ North Carolina Association of REALTORS® for an important video on recent changes to the Real Estate Commission’s rule regarding the disclosure of brokerage fees and other compensation by a real estate agent during a real estate transaction, set to take effect on October 1. This rule will apply to ALL real estate sales transactions in North Carolina.
The changes were prompted by publicized allegations of certain buyer agents failing to disclose to their clients that they would receive incentives from a home builder when their clients purchased new homes. A new disclosure form called “Confirmation of Additional Compensation” (form #770) has been developed to help agents and firms comply with the new rule. Guidelines for using the form will be available as standard form 770G. Additionally, some changes have been made to the compensation sections of the Exclusive Right to Represent Buyer Agreement form (form 201) and the Exclusive Right to Sell Listing Agreement (form 101) in light of the new rule. Simple to View!
See and hear your questions being answered live by Will Martin, General Counsel for the NC Association of REALTORS®, Miriam Baer, Assistant Director of Legal Services for the NC Real Estate Commission and George Bell, REALTOR® & President of G. Bell Productions, Ltd. by simply typing your questions in during the program. Questions will be answered as time allows. Webinars are very simple to view and submit questions. But you first need to sign up! If you have any technical questions about registering or during the seminar, please contact
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or 866-709-8255. |
