As of Jan 24, 2017 the Board of Registration for Real Estate Brokers and Salesperson has updated the Massachusetts Mandatory Real Estate Licensee – Consumer Relationship Disclosure. The form has a new look and feel. The board hopes that this new form will help clarify the role of the real estate agents and brokerages in a real estate transaction for the consumer.
The back of the form still lists the 5 types of agency available in Massachusetts. The front of the form has been redesigned to help make it easier for the consumer to understand the role of the agents and brokerages. The form is still NOT A CONTRACT. To clarify that matter the phrase has been added to the top of the form in bold capital letters and underlined.
They have also changed the section explaining designated agency and non-designated agency (Single Agency). If your office is a Single Agency office, the new form requires that you check off if the agents in your office are going to be representing the consumer as Buyer or Seller agents. If your office is a Designated Agency office, the new form requires that you make the consumer aware that you will be responsible for the consumer and that another agent in your office will be responsible for their Buyer or Seller.
The new form does not remove the requirement to receive permission for being a Designated or Dual agent from the Buyer and Seller. You must still receive permission either in advance with a listing agreement or in a buyer agency agreement or later using the designated agency consent form or dual agency consent form.
At the bottom of the form you will still have to sign and print your name showing that you have gone over the form with the consumer. You will still have to write down your license number. You will also have to indicate if your license is Broker or Salesperson license.
The consumer will still sign and print their name and date the form. They still have the right to decline from signing the form. In that case, you still will just check the box at the bottom of the page next to “Check here if the consumer declines to sign this notice.”