| | | Every real estate brokerage agency shall adopt a written | | company policy that identifies and describes the types of real | estate brokerage agency relationships in which the designated | | broker and affiliated licensees may engage. |
|
| | | Sec. 13. 32 MRSA §13278, sub-§§2 and 4, as enacted by PL 1993, c. 679, | | §1, are amended to read: |
|
| | | 2. Not a dual agent. A real estate brokerage agency and the | | designated broker are not considered to be dual agents solely | | because of an appointment under the provisions of this section, | | except that any affiliated licensee who personally represents | | both the seller and the buyer, as clients, in a particular | transaction is considered to be a disclosed dual agent and is | | required to comply with the provisions of this subchapter | | governing disclosed dual agents. |
|
| | | 4. Appointments; roles. Methods of appointment and the role | | of the real estate brokerage agency and the designated broker | | must be defined by rules adopted by the commission. The rules | | must include a requirement that clients be informed as to the | | real estate brokerage agency's appointed agent policy and give | written consent to that policy in advance of entering into a real | estate brokerage agreement. |
|
| | | Sec. 14. 32 MRSA §13279, as amended by PL 1999, c. 100, §1, is | | further amended to read: |
|
| | | §13279. Real estate brokerage relationship disclosure required |
|
| | | A real estate brokerage agency shall provide in a timely | | manner to buyers and sellers of residential real property a | meaningful, written real estate brokerage agency relationship | | disclosure form as defined and mandated by rules adopted by the | | commission. For purposes of this section, "residential real | | property" means real estate consisting of not less than one nor | | more than 4 residential dwelling units. |
|
| | | Sec. 15. 32 MRSA §13281, sub-§1, as enacted by PL 1993, c. 679, §1, is | | amended to read: |
|
| | | 1. Effective date. The relationships set forth in this | | subchapter commence on the effective date of the real estate | | brokerage agency's brokerage agreement and continue until | | performance, completion, termination or expiration of that | | brokerage agreement. |
|
| | | Sec. 16. 32 MRSA §13281, sub-§2, ¶B, as enacted by PL 1993, c. 679, §1, | | is amended to read: |
|
|