Incorporating Variable Rate Compensation: Legal Hotline: Fall 2024 скачать в хорошем качестве

Incorporating Variable Rate Compensation: Legal Hotline: Fall 2024

It’s Friday, Folks! And you know what that means... Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons is back with our latest Friday Legal Hotline video! This week, Annie takes a look at variable offers of buyer broker compensation. Keep your sellers from owing more in buyer broker compensation than they are expecting and learn how, as a Listing Broker, you can help keep these offers of compensation in place when your sellers enter into Purchase and Sale Agreements (Form 21) with buyers. Don't forget to share with other agents and subscribe! Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer) WR's Friday Videos & Legal Hotline are also available as podcast episodes on Apple Podcasts & SoundCloud! https://podcasts.apple.com/us/podcast...   / washington_realtors   For more information on Washington REALTORS®, visit warealtor.org -------------------------- Legal Hotline Video featuring Annie Fitzsimmons, Washington REALTORS® Legal Hotline Lawyer - The Legal Hotline is a Washington REALTOR®Member-only benefit. These videos are intended for Washington REALTOR® members. If you have questions and are a primary member in good standing with Washington REALTORS®, visit www.warealtor.org to contact the Legal Hotline Lawyer. You will need your NRDS ID and password to inquire with the Legal Hotline or search the database. ===================== CHAPTERS 0:00 Intro 0:10 Seller is offering variable compensation to buyer broker based on the completion of certain tasks throughout the transaction. 0:47 Is it accurate for a buyer broker to submit an offer with Form 21, Paragraph 17a, and 17b with amounts they believe are correct? 2:11 In this situation, sellers should not sign a Purchase and Sale Agreement (Form 21) without variable compensation included. 3:32 Paragraph 17a on the Purchase and Sale Agreement (Form 21) is self-correcting, Paragraph 17b is not. 4:17 If a variable compensation rate is the seller’s actual term in the agreement, then Paragraph 17b must be countered. 5:48 Visit: warealtor.org ===================== Copyright © 2024 Washington REALTORS®. Please contact Washington REALTORS® (1-800-562-6024) before using this video outside of YouTube.