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COMMERCIAL AGENCY AND BROKERAGE DISCLOSURE ADDENDUM SELLER×LANDLORD: BUYER×TENANT: PROPERTY ADDRESS: Street Address City County State Zip DATE OF CONTRACT: THE FOLLOWING DISCLOSURE IS MADE IN COMPLIANCE
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How to fill out commercial agency brokerage disclosure
How to fill out commercial agency brokerage disclosure:
01
Begin by entering your personal information, such as name, address, and contact details, in the designated fields on the form.
02
Next, provide details about the property or properties you are representing as a commercial agent. Include the address, type of property, and any relevant information about its condition or features.
03
Disclose any relationships or conflicts of interest that may exist between you and the parties involved in the transaction. This could include any affiliations with other real estate agencies or related businesses.
04
If applicable, disclose any potential financial benefits or incentives you may receive as a result of the transaction. This could include commissions, referral fees, or other forms of compensation.
05
If there are any material facts or defects related to the property that could impact the transaction, disclose them in this section. This ensures that all parties involved have accurate and complete information.
06
Finally, sign and date the disclosure form to indicate that you have completed it truthfully and to the best of your knowledge.
Who needs commercial agency brokerage disclosure:
01
Real estate agents or brokers who are representing a commercial property or acting as an intermediary in a commercial real estate transaction.
02
Sellers or buyers of commercial properties who are working with an agent or broker to facilitate the sale.
03
Lenders or financial institutions that may be involved in the financing or refinancing of a commercial property.
Overall, anyone involved in a commercial real estate transaction who is working with an agent or broker should ensure that a commercial agency brokerage disclosure form is filled out accurately and completely. This helps to promote transparency and fair dealing in the transaction and protects the interests of all parties involved.
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What is commercial agency brokerage disclosure?
Commercial agency brokerage disclosure is a document that discloses the relationship between a commercial agent and a brokerage, including any financial interests or conflicts of interest.
Who is required to file commercial agency brokerage disclosure?
Any commercial agent or brokerage involved in a real estate transaction is required to file commercial agency brokerage disclosure.
How to fill out commercial agency brokerage disclosure?
The disclosure must be filled out with accurate and complete information regarding the relationship between the commercial agent and brokerage.
What is the purpose of commercial agency brokerage disclosure?
The purpose of commercial agency brokerage disclosure is to provide transparency and protect the interests of all parties involved in a real estate transaction.
What information must be reported on commercial agency brokerage disclosure?
Information such as the name of the commercial agent and brokerage, any financial interests or conflicts of interest, and details of the real estate transaction must be reported on commercial agency brokerage disclosure.
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