CLARIFICATION OF BBA

As I went thru offices this past month, I discovered that many agents are not aware that the Buyer-Broker Agreement (BBA) needs to be submitted to the office for Broker review and compliance with ADRE law, 32-2151.01 A,

Broker requirements; record keeping requirements. And of course D of this section;

All licensees shall promptly place all cash, checks or other items of value received as payment in connection with a real estate transaction in the care of the designated broker.

Some agents may believe that they can take money as a retainer fee and NOT turn it into the office. Please read the law book and there is one provided in each office for you--since that is also a law.

Turn ALL contracts into the office for filing!

 

The Buyer-Broker Agreement is available on Zip Form.

It is attached to this email also!

Thanks--Bob

 

BEGIN--THE REST IS EASY
Bob Stephens   CRB  e-PRO
Managing Broker
West USA Realty