Question:
Forms 325 and 326. At what point are you getting these forms signed?
Answer:
Finally, we have some real appreciation of the conflicts that arise with Multiple Representation.
Previously, in the Confirmation of Cooperation and Representation (CCR) it was last minute after everything had already gone wrong.
Remember the additional Disclosure requirements under Multiple Representation (MR)?
So now, two new documents, the full explanation and informed consent before we have MR.
That’s 325 (Seller) and 326 (Buyer). Next and final step is to confirm that MR is in place 310 (CCR).
Brian Madigan LL.B., Broker