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This document serves as a notice regarding the business relationship between the Market Center and Keller Mortgage, LLC, as well as KW Insurance, Ltd. It outlines the indirect ownership interests

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How to fill out affiliated business arrangement disclosure

01

Start by identifying the referring party involved in the transaction.

02

Clearly state the nature of the relationship between the referring party and the other business.

03

Provide a description of the services being offered and the fee structure involved.

04

Include a statement informing the consumer that they are not required to use the referred service.

05

Ensure that the disclosure is signed and dated by all parties involved.

06

Distribute copies of the completed disclosure to all parties, including the consumer.

Who needs affiliated business arrangement disclosure?

01

Real estate agents and brokers engaged in property transactions.

02

Lenders providing financing for real estate transactions.

03

Title insurance companies involved in real estate closings.

04

Any business entity that refers consumers to settlement service providers.

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What is affiliated business arrangement disclosure?

Affiliated business arrangement disclosure is a legal requirement for real estate professionals to inform consumers about any business relationships they have with affiliated entities that may benefit from the transaction. This ensures transparency and reduces potential conflicts of interest.

Who is required to file affiliated business arrangement disclosure?

Affiliated business arrangement disclosure must be filed by real estate professionals, including agents, brokers, and lenders, who have a business relationship with other service providers involved in a real estate transaction.

How to fill out affiliated business arrangement disclosure?

To fill out an affiliated business arrangement disclosure, you must provide details about the affiliated entities, the nature of the relationship, the services offered, and any potential financial benefits to the parties involved. Additionally, signatures from all parties involved may be required.

What is the purpose of affiliated business arrangement disclosure?

The purpose of affiliated business arrangement disclosure is to promote transparency in real estate transactions, ensuring that consumers are aware of any relationships between their service providers and affiliated businesses that may influence the services and fees offered.

What information must be reported on affiliated business arrangement disclosure?

Affiliated business arrangement disclosure must report information including the names of the parties involved, the nature of the relationship, the services provided, an estimate of the costs, and a statement advising consumers that they are not required to use the affiliated service provider.

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