Friday Video Update

In this episode, Annie discusses the changes to Forms 40 and 40A: Commission Disbursement Agreement. These changes are important, even if you do not specifically use these forms. She also explains why you need to ensure they are correct before submitting them to escrow. Tune in to stay confident and informed!

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.

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.

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 the importance of communication and cooperation between brokers in a transaction.

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!

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.

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!

Join Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, as she dispels a recent rumor circulating around the recent NAR settlement and it's ramifications for REALTOR® members who use independent MLSs like NWMLS.

This week Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, talks about brokers who are members of NWMLS and an NAR MLS that want to list a listing in both MLSs and how the implementation of the NAR settlement agreement effective August of 2024 will affect this process.

In this episode, Annie discusses what changes took place to Form 1A–SWF and why listing brokers need to update their listing agreements NOW!

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.

In this episode, Annie discusses whether or not Listing Brokers should be asking for copies of Buyer Agency Agreements and if Buyer Brokers should provide them to Listing Brokers.

In this third episode, the panel discusses issues around earnest money, and how they can affect a DOL audit of your firm.

In this second episode, the panel discusses Purchase and Sale Agreements, and how they can affect a DOL audit of your firm.

Imagine you receive notice that your firm is about to be audited by the Department of Licensing. You might ask, “What’s that got to do with me? That’s an administrative issue.” It has A LOT to do with you! The procedures and maintenance of your transaction folder is imperative in ensuring your firm thrives through an audit and that you stay out of hot water. We invited Bill Dutra and Cathy McDonald from the Department of Licensing to speak with #WRLegalHotline Lawyer Annie Fitzsimmons to explain what the Department of Licensing specifically looks for during an audit, especially as it pertains to a fully, signed PSA, earnest money, advertising, and more. In this first episode, the panel discusses the timely submission of documents, and which documents should be in your firm's transaction folder.

This week we continue with another round of our Operation Evolve series! As we approach the six-month milestone with the new Washington State Agency Law standards, Washington REALTORS® Legal Hotline Lawyer, Annie Fitzsimmons, addresses key issues raised by our members via the Legal Hotline. In this episode, Annie discusses Agency law, and why you should never require your sellers to offer buyer compensation. Tune in to stay confident and stay informed!

A special invitation from Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons and CEO Nathan Gorton. Join today and protect your firm from potential legal liability stemming from recent class action lawsuits. By becoming a member, your firm will benefit from a release of liability for claims related to compensation practices, applicable to firms with residential transaction volumes of $2 billion or less in 2022. Additionally, leverage our liability protection and access to legal education through the WR Legal Hotline as a powerful recruitment tool for your office. Ensure your firm and brokers are safeguarded by the August 17th deadline. Complete the form below to start the process and secure these important protections for your brokers.

In this week's episode, Annie discusses best practices for a broker in a situation where the buyer has agreements with multiple brokers. Tune in to stay confident and informed!

In this episode, Annie provides guidance on holding an open house with the new Agency Law in place. Tune in to stay confident and informed!

In this episode, Annie discusses the importance of naming all licensed team members in your brokerage's transactions. Tune in to stay confident and informed!