Washington REALTORS®

And... We're back! Join us this week for the start of a brand new batch of legal hotline videos! Tune in today as Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons and our 2024 President Jeff Smart discuss the pitfalls that arise when the updated Form 21: Purchase and Sale Agreement (PSA) isn’t properly completed and the monetary repercussions when Form 41: Buyer Brokerage Service Agreement (BBSA) is missing, that cause brokers not to get paid in a real estate transaction.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

Co-starring Jeff Smart (WR's 2024 President)

For more information on Washington REALTORS®, visit warealtor.org

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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.

Copyright © 2024 Washington REALTORS®.

Welcome to another installment of our Designated Broker Video Series: DBrief! This series is dedicated to keeping our Designated Broker/ Owners and industry leaders well-informed and providing you with ongoing support from the association.

Tune in today as WR's Government Affairs Director, Mary Hull-Drury, and our 2024 Washington REALTORS® president, Jeff Smart, provide our legislative preview for the 2025 session. Learn about our association’s legislative goals, challenges, and opportunities in the upcoming session and get the inside scoop on our legislative agenda for 2025.

If you'd like more information about our legislative priorities or have a question for our government affairs team, visit our Government Affairs page at: warealtor.org

For more information on Washington REALTORS®, visit warealtor.org

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Copyright © 2024 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.

This week, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons wraps up our latest legal hotline series about implementing the revised Forms that are in place as of August 1, 2024.

In this episode, Annie discusses the changes to Forms 40 and 40A: Commission Disbursement Agreement, even if you do not specifically use these forms, and explains why you need to make sure that they are correct before they are submitted to escrow. Listen while Annie discusses how making sure these forms are submitted properly can reduce the stress your clients feel during one of the most important financial transactions of their lives.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

For more information on Washington REALTORS®, visit warealtor.org

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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.

Copyright © 2023 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.

This week, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons continues the latest legal hotline series about implementing the revised Forms that are in place as of August 1, 2024.

In this episode, Annie discusses the fact that REALTORS® are no longer allowed to filter the listings that are shown to their clients based on the compensation offered. Listen while Annie discusses what brokers can do to empower their clients to make decisions about listings without filtering.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

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.

Copyright © 2023 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.

This week, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons continues the latest legal hotline series about implementing the revised Forms that are in place as of August 1, 2024.

In this episode, Annie discusses the changes to Form 41: The Buyer Brokerage Services Agreement (BBSA), specifically paragraph five, and how the changes to this form affect broker compensation. Listen while Annie discusses the dos and don'ts of paragraph five on the newly revised Form 41.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

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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.

Copyright © 2023 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.

This week Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, continues our new legal hotline series about implementing the revised Forms in place as of August 1, 2024.

In this episode, Annie discusses best practices for property listings and communication and cooperation between brokers in a transaction.

Tune in to stay confident and stay informed.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

For more information on Washington REALTORS®, visit warealtor.org

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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.

Copyright © 2023 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.

Imagine you receive notice that your firm is about to be audited by the Department of Licensing. What if DOL asked to see your required office policies, do you know what they are? Are you ready? Is your office prepared to present the requested materials to the DOL? Are they readily accessible? Do you have processes in place to ensure your bases are covered in case DOL receives a complaint? This video series is a must-watch for all Designated Brokers!

We're back again this month with Bill Dutra and Cathy McDonald from the Department of Licensing. They'll be discussing transaction folders with #WRLegalHotline Lawyer Annie Fitzsimmons to explain what the Department of Licensing needs to see in brokerage transaction folders during an audit. This is the second of three DBrief Episodes specifically for Designated Brokers dedicated to DOL audits. Additional episodes with best practices tailored for your firm’s brokers will be released as Friday Video Updates over the next several weeks.

Episode Moderator:

Annie Fitzsimmons

Legal Hotline Lawyer

Washington REALTORS®

Episode Guests:

Bill Dutra

Administrator

Business and Professions Division

Department of Licensing

Cathy McDonald

Audit Supervisor

Centralized Investigations & Audits Unit

Business and Professions Division

Department of Licensing

Think you know what the DOL is looking for in an audit? You might be surprised! Tune in to be prepared.

View past DBrief episodes and more… https://warealtor.org/dbrief

For more information on Washington REALTORS®, visit warealtor.org

DBrief is a Washington REALTOR® Member-only benefit. These videos are intended for Washington REALTOR® members.

Copyright © 2024 Washington REALTORS®. Please contact Washington REALTORS® (1-800-562-6024) before using this video outside of YouTube.”

This week Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, kicks off a new legal hotline series about implementing the revised Forms that are in place as of August 1, 2024.

In this episode, Annie discusses the changes to Form 41 and why brokers may need to replace Form 41 with the revised version for current clients now!

Tune in to stay confident and stay informed.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

For more information on Washington REALTORS®, visit warealtor.org

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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.

Copyright © 2023 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.

This week Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, discusses the newly revised Form 21, Paragraph 17, the Addendum for Buyer Credit, and what to do when a seller offers more compensation than Buyer Broker is owed. Annie also provides some best practices in this situation so that listing brokers can ensure sellers aren’t paying more compensation than expected.

When it comes to Forms revisions, Annie and Washington REALTORS® have you covered.

This week Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, discusses the newly revised Form 21. This newest version of Form 21 has a revision date of August 2024 and should be used by brokers immediately. There are some major changes to this form centered around documenting broker's compensation. But, not to worry, Annie and Washington REALTORS® have you covered.

Tune in to stay confident and stay informed.

Don't forget to share with other agents and subscribe!

Starring Annie Fitzsimmons (WR's Legal Hotline Lawyer)

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.

Copyright © 2023 Washington REALTORS®.

Please contact Washington REALTORS® (1-800-562-6024)

before using this video outside of YouTube.