First, congrats on your new venture. Second, as I stated before there IS a form. I'll be happy to email it to you. You can also give it to your broker. If a buyer/seller were to sue you for lack of representation you have to have a paper trail to protect yourself. Also, don't get tied up with the disclosure forms now, you'll learn it in class and while you're in the field. You have lots more to learn first.
Mick Rafello, SVP
The Corcoran Group
The key to having the form signed is providing simple explanations that this is not a contract and that the form intended to protect customer's interests and spells out which agent represents what party, and what duties each agent has to their own customers. Also the form explains a dual agency concept, makes customers aware of such fact and requires their consent to dual agency. As an agent you have to learn how to make your customers comfortable understanding some key agency concepts and sign required documents, which is not always easy...
I've experienced this at past open houses. After explaining what the form is and someone refusing to sign, I allow them to view. If they have any questions I bring up the form again and that any questions from them constitute a first substantive contact. If they wish to have an answer, they must first sign the form. Good luck.
Nick Rafello, SVP
The Corcoran Group
R TEAM - Rafello Rosenbloom & Robertson
636 Sixth Ave
NY, NY 10011
Donald A Mituzas
Licensed Associate Broker
2008 Realtor of the Year
Douglas Elliman Real Estate
I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.
Wishing you all the best,
De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
I am not a real estate agent. I am going to start the 75-hour program in a few days but I have already started studying on my own with a book purchased online.
I am a little bit confused. I cannot see any form for that on the DOS website and one broker said there is no official form. Would you be talking about a form prepared internally by your broker or his lawyer? This is confusing.
Yes, there is such a document. It's called an "Unrepresented Persons" Real Estate Agency Disclosure Notice. Inquire with your office leader or Broker to obtain one and explain how it works. Essentially, it means that you would be representing the seller in all properties that you show to the "unrepresented" buyer.
Prudential Connecticut Realty