commitments and agreements in writing: Putting contracts, commitments and agreements in writing.
- 02/11/08 03:51 AM
§ 35.281. Putting contracts, commitments and agreements in writing. (a) All contracts, commitments and agreements between a broker, or a licensee employed by the broker, and a principal or a consumer who is required to pay a fee, commission or other valuable consideration shall be in writing and contain the information specified in § 35.331 (relating to written agreements generally). (b) The following are exceptions to subsection (a): (1) Open listing agreements or nonexclusive buyer agency agreements may be oral if the seller/buyer or landlord/tenant is provided with a written memorandum stating the terms of the agreement. (2) Transaction licensees or subagents cooperating with listing brokers are not … (0 comments)
§ 35.281. Putting contracts, commitments and agreements in writing. (a) All contracts, commitments and agreements between a broker, or a licensee employed by the broker, and a principal or a consumer who is required to pay a fee, commission or other valuable consideration shall be in writing and contain the information specified in § 35.331 (relating to written agreements generally). 
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