Washington REALTORS®

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)

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Today, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons discusses how listing brokers should handle a Buyer’s request for more broker compensation than their seller originally offered. Tune in and learn what you can do to ensure your clients aren’t paying more compensation to the buyer’s side than they are expecting.

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

In this episode of DBrief, Washington REALTORS® replays our informational webinar that was recorded live on November 21, 2024, a discussion on the increasing challenges in the residential insurance market.

Numerous areas of Washington State are seeing cancellation or non-renewals of insurance for existing homeowners, lack of insurance for new homebuyers, or significant cost increases for coverage.  These issues are occurring in areas deemed higher risk because of recent or potential wildfire activity.

Watch this replay to understand what is happening in the insurance market that affects the real estate market and homeowners, and hear directly from the Office of Insurance Commissioner, National Association of REALTORS®, and the insurance industry.

Moderator:

Colette Rarden - Regional representative

Panelists:

David Forte - Washington State Office of the Insurance Commissioner

Kenton Brine – President, NW Insurance Council

Austin Perez - NAR Senior Policy Representative

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

--------------------------

Copyright © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Following up on last week’s video, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons discusses what happens when a Buyer Broker is unavailable to show their clients property within a certain timeframe and the broker they choose to step in works at a different firm. Annie explains why a Buyer Brokerage Service Agreement (BBSA) is needed for each broker in this situation and how this situation can affect broker compensation.

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

In this week's video, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons talks about what happens when a Buyer Broker goes on vacation or is just plain unavailable to show their clients property in a certain timeframe. She answers questions about having another broker show your client properties and how having another broker show listings to your clients can affect your Buyer Brokerage Service Agreement (BBSA) with that client.

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Tune in today as Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons discusses the disclosures that Brokers need to provide their clients in different scenarios where a Broker is sharing a portion of their compensation with the broker or firm on the other side of the transaction. Tune in to learn what you need to let your clients know in the event your team leader is on the other side or a Finder’s fee is being paid to a Listing Broker when they refer a previously unrepresented buyer to a Buyer Broker and other situations involving cross-transaction disclosures.

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Today, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons discusses questions that have come up on the Legal Hotline: What does it mean if the seller in a transaction offers compensation to a buyer broker? Does that mean that the seller is locked into that offer of compensation? Suppose the buyer in the transaction submits a request for inspection concessions. Can the seller counter the buyer's request for concessions by modifying the prior agreement to pay compensation to the buyer’s broker? Tune in and get these questions answered.

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Tune in today as Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons talks about a question she's encountered on the Legal Hotline since the new agency laws have gone into effect in Washington State; “As a Listing Broker, does my liability increase if the buyer in a transaction is unrepresented?”

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Tune in today as Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons discusses a question that has come up on the Legal Hotline since the new rules regarding Buyer Brokerage Service Agreements (BBSA) have gone into effect; “Do Listing Brokers need a BBSA in place before showing property to unrepresented buyers?” and how to avoid becoming an accidental Dual Agent.

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 © 2024 Washington REALTORS®.

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

before using this video outside of YouTube.

Tune in today as Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons and our 2024 President Jeff Smart discuss how to navigate a scenario where a buyer is asking their broker to share a portion of the broker's compensation with them to cover the buyer's closing costs. Learn how this situation affects your Buyer Brokerage Service Agreements (BBSA) and how to make sure that you, as a broker, don't leave a shared compensation transaction empty-handed.

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

--------------------------

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®.

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

before using this video outside of YouTube.