Form-of-the-Week: The Right of First Refusal to Buy — Form 579
A landlord and tenant may agree to grant the tenant a right of first refusal in an addendum to the lease agreement using RPI Form 579.
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Tag: broker fees
The exclusive seller representation agreement
Learn why a seller representation agreement ensures the payment of a fee earned by the employment, how to prepare an exclusive seller representation agreement as the seller-client’s agent and explain the purpose of a seller representation agreement to a prospective seller-client.
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Preempt your buyer-client’s questions about representation using Client Q&A Flyers
Anticipate and inform your buyers about representation by handing them Client Q&A Flyers, available at no cost to firsttuesday students.
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Changes to agent fees following the NAR® lawsuit
What changes are ahead following the landmark lawsuit against NAR?
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New advertisement law requires all fees be disclosed upfront — with implications for real estate
With authorities cracking down on misleading advertising, brokers and MLOs will be wise to take this opportunity to ensure their adverts are in compliance.
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Alternative fee structures to attract clients when home prices are falling
Sellers attempting to save money when prices are falling often turn to FSBOs – here’s how you can regain fee-adverse clients.
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Form-of-the-Week: Fee Sharing Agreement, and Broker Referral Fee Agreement — Forms 105 and 114
A broker uses RPI Forms 105 and 114 when sharing a broker fee with the buyer’s broker and when referring a client to another broker in exchange for a fee.
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Form-of-the-Week: Expired listings — Forms 122, 123 and 123-1
An agent who was the procuring cause for a sale in an expired listing uses RPI Forms 122, 123 and 123-1 to demonstrate and demand the collection of their fee.
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Letter to the editor: May a commercial landlord’s broker refuse to pay a fee to the tenant’s broker upon renegotiation of the lease?
Under what circumstances is a landlord required to pay another broker fee?
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Agent paychecks soar — but agent fee rates plunge in 2021
With fewer listings to go around — and higher prices to count on to boost their incomes — agents feel comfortable accepting lower fee rates to ensure they reap the benefits of an exclusive listing.
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Form-of-the-Week: Good Faith Estimates of Seller’s Net Sales Proceeds and Buyer’s Acquisition Costs — Forms 310 and 311
RPI Forms 310 and 311 inform buyers and sellers on the amounts they either have available to fund the purchase of a property or will receive on a sale of their property.
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Form-of-the-Week: Identification of Prospective Buyers and File Activity Sheet – Forms 122 and 520
The seller’s listing: perfecting the right to a fee for assisting buyers.
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Form-of-the-Week: Demand for payment of a fee – Forms 123 and 123-1
Want to know more about safety clauses in listing agreements? Forms 123 and 123-1 help agents and brokers initiate collection of an earned fee.
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Form of the week: Broker Referral and Finder’s Fee Agreements – Forms 114 and 115
The Broker Referral Fee Agreement acts as documentation for the referral fee, which is not fully clarified in an oral agreement.
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Letter to the editor: When may a broker receive a fee for assisting a client in an out-of-state real estate transaction?
The answer depends on the state within which the property is located.
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