[WSBARP] OT-NWMLS FORM 41 Exclusive Buyers Agency Agreement

[Kaitlyn Jackson]

Annie -

I can't wait to hear more on this issue! I know it's been bubbling under
the surface for a while now.

Kaitlyn

*Sent with Right Inbox <https://www.rightinbox.com/?utm_source=signature>*


On Wed, Feb 1, 2023 at 2:21 PM Annie Fitzsimmons <atfitz at comcast.net> wrote:

> Hi Justin.  There are bills in the Legislature seeking to create
> transparency for buyers and sellers regarding the amount of compensation
> that sellers AND buyers pay.  The bills have nothing to do with brokers
> practicing law.  Brokers already practice law as allowed by the Supreme
> Court in  Cultum v. Heritage House, a 1985 decision.
>
> When I get back to my office, I will reply with bill numbers.   There will
> be no requirement that any specific form be used by any broker or consumer.
>   Rather, the bills will require brokers to have conversations with buyers
> about compensation and enter an agreement with buyers, just as agreements
> are currently required with sellers, so that buyers have a voice in the
> amount of and terms controlling compensation to a buyers broker.
>
> I’ll provide more information in response to your email in a bit.
>
> Thanks!  Annie
>
> Sent from my iPhone
>
> On Feb 1, 2023, at 1:58 PM, Justin Monro <justinm at monrolawfirm.com> wrote:
>
> 
>
> Listmates:
>
>
>
> See the attached form.
>
>
>
> I heard and I am hearing this is going to be mandatory form in the NWMLS.
>
>
>
> Buyers are to pay buyer brokers commission. Might be some litigation over
> this already in court.
>
>
>
> Can someone share what is going on. I don’t think this is a good idea,
> because brokers could be practicing law.
>
>
>
> Thoughts.
>
>
>
> Thank you,
>
>
>
> Justin K. Monro
>
> Attorney at Law
>
> The Monro Law Firm PS Inc.
>
> 1830 Bickford Ave. Ste 204
>
> Snohomish, WA 98290
>
>
> <From 41 2.1.23.pdf>
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-- 

Thank you,


Kaitlyn R. Jackson, Senior Associate Attorney

Dimension Law Group, PLLC

*Office:*  206-973-3500│*Fax:*  206-577-5090

*Email:* kaitlyn at dimensionlaw.com

*www.dimensionlaw.com <http://www.dimensionlaw.com/>*

631 Strander Blvd, Suite G, Tukwila, WA 98188



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