Title: Identify information needed on various brokerage representation agreements.
Course: Real Estate (12154) > Section: Describing Brokerage and Agency Contract Responsibilities

Identification should include

- the concept that the brokerage representation agreement reflects the brokerage relationship
- requirements for agency disclosure, including descriptions of duties, time frame, and signatures
- examples of various types of brokerage representation agreements and required documentation.

DPOR correlations: 18VAC135-20-400. 4 (Contracts); 18VAC135-20-400. 15 (Brokerage and agency contract responsibilities); 18VAC135-20-400. 25 (Real estate board regulations)

Process/Skill Questions:

- What is included in agency disclosure?
- When should agency disclosure be made?
- What are the types of brokerage agreements?
- How can agreements be terminated?
- Why is an agreement important?
- What are group boycott, market allocation, and tie-in practices, and why is it illegal for brokers to engage in these practices?