Tag Archives: Real Estate

Mandatory Massachusetts Real Estate Agency Disclosure Form Changes

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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.”

Mandatory Real Estate Agency Diclosure Massachusetts

MASSACHUSETTS MANDATORY REAL ESTATE LICENSEE – CONSUMER RELATIONSHIP DISCLOSURE (click to open)

 

Goodbye to Pearson Vue

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The Board of Registration of Real Estate Brokers and Salespersons has said, “So long and thanks for all the fish!” to Pearson Vue yesterday.

That is correct as of April 1st, 2016 PSI Services LLC will be the new testing service for Real Estate Exams here in the state of Massachusetts. As this is breaking news the board is not giving us any details about the transition just yet.

The notice was posted on the Pearson Vue website yesterday.

Pearson Vue Notice

According to the Pearson Vue website:

As of March 15, 2016, Real Estate applicants will be able to schedule examinations with PSI Services LLC, for examinations, on or after April 1, 2016. Additional information can be found at the following web site on or around March 15th: psiexams.com

I am encouraging all of our broker and salesperson students that have already completed their prelicensing course, and not taken the real estate exam yet, to do so ASAP to avoid any delays in getting their license.

As word of the transition spreads I am sure that Pearson Vue will be swamped with students trying to take their test before April 1st so I would call Pearson Vue today and schedule the next available exam you can. Here is the number too make an exam reservation (800)274-0501.

You can be sure that we are going to be ferreting out all the details of this process as they unfold and informing you each step of the way.

Here is how you can help us. We are crafting a email to the Director of the Board of Registration of Real Estate Brokers and Salespersons about this transition and would love to include your questions and feedback. If you have specific questions about the transition please post them below. As we get the answers to the questions we will detail them here so everyone gets the benefit of the information.

Melt Away Your Clients Fears

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Real Estate agents are so dedicated to their clients.  No matter what the weather predication is.   We’re out there going from one appointment to the next.  I remember at one of my showing a few years ago, when we had 15 feet of snow everywhere.  My clients and I had to almost swim through the snow to reach the front door.  The property was bank owned and no one had come by to shovel the walk way.  Lucky enough it was the last home on our tour.  It all worked out because they fell in love with the inside.  It’s always a great feeling when you see your clients become really excited about a property.  They wanted to talk a little bit more about the property and write up an offer.  The inside of the house was as cold as an ice-box, so I decided to take them to a local coffee shop to warm up and relax before writing up the offer.  I always remember how relaxed my clients became while sitting in the corner couch of the cafe.  Not only did the cup of hot chocolate and latte help regain the feeling in our hands and feet.  The warmth also helped melt away all their concerns and fears about putting the offer. With the cold weather on our heals I thought I would share a few spots that you might like to take your clients.

 

Boston:

South Shore:

Worcester:

Pioneer Valley: