Wainwright Real Estate

Description

A. Our philosophy is that an agent is really running his or her own business, and we exercise the degree of supervision consistent with that approach. This means that you are free to run your business the way you see fit, but it must be in such a manner that reflects well on the company and that does not expose the company to unnecessary risk. We make sure that our agents understand and follow all laws and regulations, and make sure that they do not subject themselves or the company to liability. You are welcome to read our company policies.

Agency disclosure/Brokerage relationship – Please make an extra effort here. A Disclosure of Brokerage Relationship form must be completed when you are working with someone who is NOT your client and who is NOT represented by another agent (it is no longer required that you do it with your own clients). This person must sign the form. For instance, if you sell your own listing, you must disclose to the buyer that you represent the seller. Or if you are working a “for sale by owner,” you must disclose to the party you do not represent who you DO represent. This disclosure must be done at the very beginning—when you show the property or otherwise before the contract is written. It must be done on the REIN Disclosure of Brokerage Relationship form. The agency acknowledgment in the sales contract does NOT satisfy this requirement!.

All advertising you run (newspapers, real estate magazines, internet etc.) must be approved first. Bring in a proof copy for us to approve before it’s run. Business cards can be ordered through the company. If you order them elsewhere make sure to have them approved first. In all advertising with the company logo, please use the logo we provide you. Do not attempt to recreate it yourself.

Disclosure of Brokerage Relationship form if you are working with a buyer or seller who is NOT your client and who is NOT represented by another agent.

A. Never, under any circumstances. A real estate contract is not legally enforceable unless it is in writing. If an agent writes "Accepted by phone" on a contract, he is misleading his client (who may not know better) into thinking he has an enforceable contract when none exists. This could have disastrous results. Never write this on a contract, and if another agent you are working with does, ignore it and advise your client not to take any action that will cost them money (e.g. paying for an appraisal) until the contract is accepted in writing. Also remember that no one, not even an agent, can sign for a buyer or seller unless he has a power of attorney.

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