any type of compensation or economic benefit in connection with introductions or referrals to a home inspector. 2. Referral Where There is a Relationship. No licensee may refer any person for whom the licensee provides real estate Brokerage services to a Property Inspector with whom they have a Familial Relationship or Business Relationship, as defined above. 3. Confirmation of Licensure. DOL requires that before referring any customer or client to any Property Inspector that the licensee confirm that they are licensed as a home inspector. YOU MAY NOT REFER A PROPERTY INSPECTOR TO ANYONE IF YOU DO NOT KNOW THEY ARE LICENSED. Multiple Listing Service and References to MLS rennie is or may be a member of a Multiple Listing Service (“MLS”). Licensees shall use only contract forms approved by rennie or standard preprinted MLS forms. Licensees shall abide by the then current rules and procedures of MLS and shall defend, indemnify, and hold rennie harmless from any claims, liability, losses, costs and damages (including reasonable attorney fees) arising out of or in any way connected Each Licensee shall be responsible for obtaining all client files associated with such Licensee. Licensees shall direct all written offers, listing agreements, earnest money documents, receipts, correspondence and other real estate transaction documents to the appropriate file. Licensee shall deliver all such files to rennie for maintenance and storage. Licensee may keep copies of such files (an “agent’s file”) only so long as Licensee remains licensed to rennie. Licensees are encouraged to keep a journal of their professional real estate activities and place copies of appropriate entries in the relevant file. Licensees shall keep a telephone log for each listing or prospective sale and file the logs in the appropriate file from time to time. Licensees have an affirmative contractual obligation to cooperate and assist rennie in the maintenance of adequate records of professional real estate activity. Upon the consummation or termination of any transaction, Licensee shall promptly provide rennie with the applicable file, which file shall include any electronic documents, including email, either in electronic media or printed hardcopy. rennie will maintain a file containing transaction records and documents for every transaction. An “agent’s file” is not sufficient, so licensees will regularly update rennie’ file with documentation in order to comply with license law. Licensees must deliver transaction records and documents to rennie within 2 business days of mutual acceptance. After mutual acceptance, licensees must deliver additional transaction records and documents as they are created (and no later than 2 business days later). with any violation of such rules and procedures by Licensee. Recordkeeping Responsibilities and Transaction Files
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