What does the Commission-approved form titled "Definition of Real Estate Working Relationships" provide?

The Commission-approved form titled "Definition of Real Estate Working Relationships" primarily provides a guideline for establishing relationships among the parties involved in real estate transactions. This form outlines the types of working relationships that brokers can have with clients, including agency relationships, and ensures that all parties have a clear understanding of their roles and responsibilities. This clarity is essential to facilitate transparent interactions and establish trust between clients and their real estate professionals.

While proper disclosure of brokerage relationships is indeed vital to ensure that clients know who represents them, the guideline aspect encompasses more than just disclosure; it helps set the foundational understanding of these relationships in the real estate process. The form does not provide a detailed list of real estate terminology, nor does it serve as a full contract template for transactions. Its primary focus is on clarifying the relationships rather than detailing terms or templates, which helps brokers and clients navigate the intricacies of their professional interactions.