Compensation Amount Identified with BBSA: Implementing Forms Revisions: Legal Hotline 2024

This week, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons continues the latest legal hotline series about implementing the revised Forms that are in place as of August 1, 2024.
In this episode, Annie discusses the changes to Form 41: The Buyer Brokerage Services Agreement (BBSA), specifically paragraph five, and how the changes to this form affect broker compensation. Listen while Annie discusses the dos and don’ts of paragraph five on the newly revised Form 41.

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Starring Annie Fitzsimmons (WR’s Legal Hotline Lawyer)

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Legal Hotline Video featuring Annie Fitzsimmons, Washington REALTORS® Legal Hotline Lawyer – The Legal Hotline is a Washington REALTOR®Member-only benefit. These videos are intended for Washington REALTOR® members. If you have questions and are a primary member in good standing with Washington REALTORS®, visit www.warealtor.org to contact the Legal Hotline Lawyer. You will need your NRDS ID and password to inquire with the Legal Hotline or search the database.

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CHAPTERS
0:00 Intro
0:11 Form 41: Amount of Compensation
1:11 Only the Amount negotiated with buyers
2:02 No Ranges Allowed
2:38 BBSA Can be Amended
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