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Get the free Transaction Broker Addendum (TBA-RES) - kansas

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This document serves as an addendum to agency agreements related to real estate transactions, specifying the role of the broker as a Transaction Broker and outlining the obligations and limitations
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How to fill out transaction broker addendum tba-res

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How to fill out Transaction Broker Addendum (TBA-RES)

01
Read the Transaction Broker Addendum (TBA-RES) carefully to understand its purpose.
02
Fill in the property addresses where applicable.
03
Provide the names of all parties involved in the transaction.
04
Specify the commission arrangements for the transaction broker.
05
Indicate any specific disclosures required by state law.
06
Sign and date the addendum by all parties involved.

Who needs Transaction Broker Addendum (TBA-RES)?

01
Real estate agents acting as transaction brokers.
02
Buyers and sellers engaged in a real estate transaction without agency representation.
03
Brokerage firms that facilitate transactions between parties.
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The Transaction Broker Addendum (TBA-RES) is a form used in real estate transactions to outline the roles and responsibilities of a transaction broker, who facilitates the transaction between the buyer and seller without representing either party as an agent.
The Transaction Broker Addendum (TBA-RES) must be filed by real estate agents or brokers acting in the capacity of a transaction broker when involved in a real estate transaction.
To fill out the Transaction Broker Addendum (TBA-RES), the broker needs to provide the names of the parties involved, details of the property, disclose their role as a transaction broker, and outline the specific details of the transaction.
The purpose of the Transaction Broker Addendum (TBA-RES) is to clarify the role of the transaction broker in the real estate transaction and to ensure transparency between the involved parties regarding the services provided.
The information that must be reported on the Transaction Broker Addendum (TBA-RES) includes the names of the buyer and seller, property details, the broker's contact information, and a description of the services provided as a transaction broker.
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