What must be done by a licensee who provides a monetary incentive for sellers to list their home?

The requirement for written disclosure when providing a monetary incentive to sellers for listing their home is crucial for transparency and legal compliance in real estate transactions. By mandating written disclosure, the law ensures that all parties involved—especially buyers who may be affected by the incentive—are fully informed of the situation. This helps prevent conflicts of interest and maintains trust in the transaction process.

When a licensee offers an incentive, it is important that this information is documented properly to protect both the broker's and the seller's interests, as well as to inform potential buyers of any factors that might impact their decision-making. The written disclosure can serve as a safeguard against any claims of misrepresentation or unfair practice. This obligation aligns with the principles of fairness and ethical conduct in real estate dealings, ensuring that all stakeholders are aware of any monetary influences that could affect the sale process.