Friends and Family? The Rules Still Apply. Be Careful. A license holder may sometimes take a “short cut” when working with a family member or friend. This is risky. The license holder should not assume that the friend or relative understands real estate brokerage. An Information About Brokerage Services form should still be provided at the time of the first substantive communication, all paperwork should still be prepared carefully, no “under the table” rebates should be given or promised, and the importance of a professional property inspection, other property issues, and possible amendments during the option period should still be discussed and acted upon.
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