Indiana § 25-34.1-10-13 Written office policy regarding agency relationships; disclosure of
policy; disclosure of compensation; compensation not creating agency
relationship

Indiana Statutes

§ 25-34.1-10-13 — Written office policy regarding agency relationships; disclosure of policy; disclosure of compensation; compensation not creating agency relationship

Indiana·Title 25 PROFESSIONS AND OCCUPATIONS·Art. 34.1 REAL ESTATE BROKERS AND·Ch. 10 Real Estate Agency Relationships

(a)A managing broker shall develop and enforce a broker company written office policy that identifies and describes the agency relationships that a licensee may have with a seller, landlord, buyer, or tenant and that specifically permits or rejects the practice of disclosed limited agency.

(b)At the beginning of an agency relationship, a licensee shall disclose in writing the broker company's written office policy set forth in this section before the disclosure by the potential seller, landlord, buyer, or tenant of any confidential information specific to that potential seller, landlord, buyer, or tenant.

(c)Parties to a real estate transaction shall be advised whether compensation will be shared with other broker companies that may represent other parties to the transaction whose inter

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(a) A managing broker shall develop and
enforce a broker company written office policy that identifies and
describes the agency relationships that a licensee may have with a
seller, landlord, buyer, or tenant and that specifically permits or rejects
the practice of disclosed limited agency.
(b) At the beginning of an agency relationship, a licensee shall
disclose in writing the broker company's written office policy set forth
in this section before the disclosure by the potential seller, landlord,
buyer, or tenant of any confidential information specific to that
potential seller, landlord, buyer, or tenant.
(c) Parties to a real estate transaction shall be advised whether
compensation will be shared with other broker companies that may
represent other parties to the transaction whose interests are different
or even adverse.
(d) The payment of compensation does not create an agency
relationship between a licensee and a seller, landlord, buyer, or tenant.

Indiana § 25-34.1-10-13 (Written office policy regarding agency relationships; disclosure of policy; disclosure of compensation; compensation not creating agency relationship) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.