FEBRUARY 2022 • ISSUE 8

Welcome to the updated REIX Review! 

The relationships between licensed real estate agents and their clients are the very relationships that created this industry. Knowing what fiduciary obligations you owe your client is the bedrock of that relationship.

If you’re listing a property for an owner who is married, but only one spouse is named on the property title, there are some important things you need to know. Learn when and how dower rights apply.

A holdback is a portion of sale earnings withheld from the seller by either the seller’s or buyer’s lawyer until certain conditions in the purchase agreement have been fulfilled. You can avoid holdbacks by following some key tips.

Agents see their Brokers as one of their most reliable and dependable sources of information, so it's important for brokers to keep up to date on education and what's going on in the industry in terms of issues and potential pitfalls.

REIX continues to develop specific resources to help you keep your agents informed on regulations, requirements, changes and common industry issues. These resources are being offered through our multi-pronged Risk Management Support Program (RMSP), which aims to support all subscribers through risk management and loss prevention. We'll let you know as each new resource is developed and will make it available on our website under the Risk Management Support Program Broker tab.

Check out our first PowerPoint presentation: Know Your Client. As a Broker, you can download the presentation and use it to educate your agents. We've also included notes on each slide to help you when speaking to the point in the presentation. Please feel free to contact us if you have any questions.