FREQUENTLY ASKED QUESTIONS
What documents does my firm need?
One-person operation:
- Brokerage Relationship Policy – $400
- Data Protection Policy – Starting at $200
Multiple Licensees:
- Brokerage Relationship Policy – $400
- Data Protection Policy – $375
- Buy/Sell and/or Property Management Office Policy Manual (as applicable) – Starting at $400 each or $700 bundled
- Independent Contractor Agreement – $550
What’s new in the 2025-2026 versions?
- Client confidential information: Designated Brokers cannot share Client confidential information with the Employing Broker or others without Client informed consent.
- Antitrust settlement: Buyer-side compensation arrangements, seller listing agreement language, and disclosure of various compensation options, among others.
Why are the Brokerage Relationship Policy and Office Policy Manual separate?
Three reasons: (1) One-person firms need a BRP but don’t need an OPM, so separating them avoids unnecessary expense. (2) Brokerage relationship issues are complex enough to warrant their own document. (3) Separating them lets us update each one more efficiently as laws change.
Do I need an Independent Contractor Agreement?
If you have no Licensees working under you, no. If you do, it’s not legally required, but it is recommended to manage significant risks.
Is the Data Protection Policy current?
Yes. Our DPP product remains current and does not require updates in this cycle.
