ADDITIONAL REQUIREMENTS - DOCUMENTS

ADDITIONAL REQUIREMENTS - DOCUMENTS somebody

ADDITIONAL REQUIREMENTS - DOCUMENTS

The following is an additional requirement of the Real Estate Law and the Commissioner’s Regulations relating
to the preparation and management of real estate transaction documents.

Person Signing Contract to be Given Copy

Under Business and Professions Code Section 10142, any time a licensee prepares or has prepared an agreement
authorizing or employing that licensee to perform any acts for which a real estate license is required or when the
licensee obtains the signature of any person to any contract pertaining to such services or transaction, the
licensee must deliver a copy of the agreement to the person signing it at the time the signature is obtained.
Examples of such documents are listing agreements, real estate purchase contract and receipt for deposit forms,
addenda to contracts, and property management agreements.

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