§ 34-27-83. Agency disclosure office policy.

Any broker acting in a real estate transaction shall adopt a written agency
disclosure office policy which specifically enumerates the types of brokerage
service arrangements a licensee may offer or accept.
(a) The qualifying broker for each brokerage company shall provide every
licensee a copy of the agency disclosure policy regarding the types of
brokerage services offered by their company. This policy shall be explained
to all licensees at least once a year.
(b) A form acknowledging receipt of the office policy statement and a
satisfactory explanation of its contents shall be signed by each licensee and
a copy retained by the brokerage company for three years.

(Acts 1995, No. 95-211, p. 341, § 4.)

Cross references

See RULE 790-X-3.14.