agreement with an owner if the licensee knows, or express written consent of all parties to the original transaction
has reason to know, that the owner has a written unexpired brokerage agreement.
exclusive brokerage service agreement as to the property with
another broker, unless the owner initiates the discussion and (8) Other Written Authorization. Written authorization to
provided the licensee has not directly or indirectly solicited the show residential property without an agency agreement or
discussion, in which case the licensee may negotiate and enter transaction brokerage agreement with the owner/landlord
into an agreement which will take effect after the expiration of must contain all of the following:
the current agreement. (A) A definite beginning date;
(F) No licensee shall make or enter into a net agreement for (B) An expiration date;
the sale or lease of real property or any interest in real property; (C) The signatures of all owners or landlords and the broker
this agreement is defined as one that stipulates a net price to or licensee as authorized by the broker;
be received by the owner with the excess over that price to be (D) The legal description or the complete street address of
received by the broker as commission. the property, which includes the city where the property is
(G) Transaction brokerage agreements may not be assigned, located; or, in the absence of a legal description or address, a
sold, or otherwise transferred to another broker without the clear description which unmistakably identifies the property;
express written consent of all parties to the original transaction (E) Permission to enter and show the property;
brokerage agreement. (F) The commission or fee to be paid (including any and all
bonuses);
(7) Transaction Brokerage