Form 843 Broker 2011-2023

Instructions and Help about Form 843 Broker

Hi Jennifer nicely here with pinnacle real estate Academy today I wanted to talk to you a little bit about the new license law reform act that is going to take place in January 2023 now there's been a lot of talk about the new license Law Reform Act and a lot of people questioning how different things are going to work and what was taken away and what was added and so today I just want to touch base with you on a couple of concepts about agency so there's one thing they removed from agency and there's one thing they've added to agency so what does this exactly mean for us as Realtors first of all I want to talk about what they removed they have dissolved the sub agency concept of our law which is absolutely fantastic because it's very difficult for students to understand house of agency works second of all no one uses it brokers in charge don't like it Eno insurance won't allow you to use it and there's not a broker in charge who wants to be responsible for another broker in charges agent so it never happened so dissolving sub-agency was absolutely fantastic now what they've added to our license law is called transaction brokerage and what transaction brokerage is is where you can now get paid for having a customer in the transaction so what this looks like is now when you go wholesome or someone around town and hope they buy something without sign in an agency agreement you can now actually get paid for driving them around and helping them find a home now if you have a buyer and you're driving them around town and you show them a home that is in the mls then you don't...