Rhode Island § 5-20.6-10 § 5-20.6-10. Client representation contract — Minimum requirements.

Rhode Island Statutes

§ 5-20.6-10 — § 5-20.6-10. Client representation contract — Minimum requirements.

Rhode Island·Title 5 Businesses and Professions·Ch. 5-20.6 Relationships in Residential Real Estate Transactions

§ 5-20.6-10. Client representation contract — Minimum requirements.
If a seller, buyer, landlord, or tenant and principal broker elect to enter into a
            client representation contract, the contract shall meet the following requirements:
         
(1) Be an express, written contract;
         
(2) Include terms of compensation;
         
(3) Describe all services and limitations on services to be performed by the principal
            broker and his or her affiliated licensees;
         
(4) State that a principal broker may appoint one or more affiliated li

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§ 5-20.6-10. Client representation contract — Minimum requirements.

If a seller, buyer, landlord, or tenant and principal broker elect to enter into a client representation contract, the contract shall meet the following requirements:

(1) Be an express, written contract;

(2) Include terms of compensation;

(3) Describe all services and limitations on services to be performed by the principal broker and his or her affiliated licensees;

(4) State that a principal broker may appoint one or more affiliated licensees to act as the designated client representative(s) for a seller or landlord and one or more affiliated licensees to act as the designated client representative(s) for a buyer or tenant in the same transaction after a licensee has obtained consent from the client being represented; and

(5) Be signed by all parties.

Rhode Island § 5-20.6-10 (§ 5-20.6-10. Client representation contract — Minimum requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.