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Affiliated Business Arrangement Disclosure Statement To: Date: From:Berkshire Hathaway HomeServices First RealtyProperty: This is to give you notice that First Realty, Ltd. doing business as Berkshire

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How to fill out affiliated business arrangement disclosure

01

To fill out an affiliated business arrangement disclosure, follow these steps:

02

Start by identifying the parties involved in the arrangement, including the affiliate and the referring party.

03

Provide a brief description of the nature of the business arrangement, outlining the services or products being offered.

04

Clearly disclose any ownership or financial interest that the parties have in each other.

05

If there are any exceptions or limitations to the arrangement, make sure to include them in the disclosure.

06

Sign and date the disclosure form, ensuring that all parties involved have reviewed and agreed to its contents.

07

Keep a copy of the disclosure form for your records, and provide a copy to all parties involved.

08

Periodically review and update the disclosure as necessary, especially if there are any changes to the arrangement or any new parties involved.

Who needs affiliated business arrangement disclosure?

01

An affiliated business arrangement disclosure is needed by any individual or entity that has a business relationship with an affiliate party and intends to refer clients or customers to that affiliate for a fee or other compensation.

02

This includes real estate agents, mortgage lenders, title companies, insurance brokers, and any other professionals or companies engaged in the real estate or financial services industry.

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What is affiliated business arrangement disclosure?

Affiliated business arrangement disclosure is a document that discloses any business relationships or arrangements between parties in a real estate transaction.

Who is required to file affiliated business arrangement disclosure?

The party who has a business relationship or arrangement with another party in a real estate transaction is required to file affiliated business arrangement disclosure.

How to fill out affiliated business arrangement disclosure?

Affiliated business arrangement disclosure can be filled out by providing the necessary information about the business relationships or arrangements, including the parties involved, nature of the relationship, and any compensation or benefits exchanged.

What is the purpose of affiliated business arrangement disclosure?

The purpose of affiliated business arrangement disclosure is to provide transparency and ensure that all parties involved in a real estate transaction are aware of any potential conflicts of interest.

What information must be reported on affiliated business arrangement disclosure?

Information that must be reported on affiliated business arrangement disclosure includes the names of the parties involved, nature of the business relationship, compensation or benefits exchanged, and any potential conflicts of interest.

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