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The entire Office Policies & Producers for Century 21 Sylvia Geist Agency is available thru the office manger.  Selected parts of the policy is available on this site.

bulletClick here for Agents reoccurring expenses as of 1/1/2007
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Click here for Lead Paint Disclosure info

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Do Not Call Policy

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Window Guard Law

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The Consumer Information Statement - What is Your responsibility?

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Smoke Detector, Carbon Monoxide Detectors & Fire Extinguishers

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Agent reaccuring expesneses

bulletBoard of Realtor (MCAR) Dues $280/yr.  This is mandatory. All licensees must join.
This is due by the 1st of every year & is late after the Jan. 15th.  Late fee will be added if paid after the 15th.  The payment is made to MCAR, not to the office.  You should get this bill in the mail.  If you don't pay the bill the MCAR continues to contact the office reminding us if you do not pay the bill on time & we bug you to make the payment.  If you don't pay by the deadline we have to terminate you license or the entire office is put on suspension.
bulletMonmouth County MLS. This is mandatory. All licensees must join. Calendar year starts 1/1. Current dues is $80 Bi-annually (160/yr.)  There is an additional fee to activate your lockbox to work in Monmouth County but the is optional ($135/yr).
bulletMiddlesex MLS.  This is optional, you are not required to join.  The dues are $168/yr. plus key box fees. The year begins April 1st of each year.
bulletYour real estate license is $100 for 2 years  next renewal is for the license year starting 7/1/2007.
bulletAdminsitrative fee. Agent's that no not close a transaction with a Gross Office Commission of at least $3,000 during the calendar year will be charged an administrative fee of $400 due by Feb. 1st of the following year.
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Lead Paint Disclosures Have It completed by the owner at the time you list the property!!!!

bulletWhen Taking a Listing. Properly Signed Lead Paint Disclosures are required on all Residential Dwelling built prior to January 1, 1978. ( That means if it was built in 1977 or earlier it's required). If your not sure when it was built have it signed!!
bulletIt must be used for Sales & Rentals!
bulletThe seller must fill it out & sign it before the buyer or tenant signs it! 
bulletThe disclosure must be in a separate writing, that means not part of the lease or contract form.
bulletBuyers are required to be given the Pamphlet "PROTECT YOUR FAMILY FROM LEAD IN YOUR HOME".  We have these available to you.  It also can be printed or downloaded from the web.  At any rate it is your responsible to make sure your buyers have received the pamphlet.  Our Buyer Agency Agreement (BAA) states that the buyer has received this pamphlet.  So when you use the BAA for are covering yourself.  If not you will have no way of proving the you are incompliance with this law.
bulletObtain a signed acknowledgment that the buyer has received the lead based paint Pamphlet. Again our BAA has this language.  The contract of sale also contains this acknowledgment in case you did not have it before hand.  But even if you never sell the buyer a home you were required to deliver this disclosure.
bulletWhen selling a home that required the lead paint disclosure (built before 1978), make sure the buyer gets a copy of the competed form from the seller (the listing agent should be able to get you this form) and properly signs the form prior to signing the contract of sale. You also need to make sure that the other parties to the contract properly filled, initialed and signed the form, including the co-broking agent.  So if you are a buyers agent make sure the seller and seller's agent completed the form properly and the same if you are the seller's agent. Make sure the buyer & buyer's agent completed the form properly.

These are the basics. For more detailed info or to print a copy of the Lead Pamphlet
 click here.

 

6/1/2007 Use of Our Do Not Call List.
How we Comply, Our Plan 
  1. Before making any sales calls our agent are required to access the Do Not Call Registry.  If the number is listed in the registry the call can not be made without the consumer’s express written invitation or permission, or if our employee has a personal relationship with the consumer or if the company has an “established business relationship” with the consumer.

  2. The company employees will have access to the Do not Call registry thru the web site www.21online.com. , Do Not Call Sentry.  Agents must log and access the downloaded registry before making a sales call to the consumer.

  3. Consumers that request to be put on the companies do not call list should be referred to an office administrator or staff member

  4. The registry will be updated as required by law automatically by the “Do Not Call Sentry” website.

  5. Sales calls should be made between the hour of  9 am & 8 pm Monday thru Friday & between 10 am to 5 pm on weekends.

  6. When making a sales calls the employee must  give their name and the company name first and have their contact information available.  Proper conduct should always be used by the employee. Polite and courteous. Nothing to upset the consumer.

All employees are given a copy of this policy and are further trained on this policy when accessing the “Do Not Call Sentry” website.  Employees are require to acknowledge that they took the Do Not Call Sentry Training

Window Guards On Rental Units

WHO IS COVERED

1. Multiple dwellings - three or more units.

2. Common interest communities such as Condominium Association or Cooperatives.

WHAT IS COVERED

1. Any window in a room or hallway on the first floor if the sill of the window is more than six (6) feet above grade.

2.   Any hazardous condition at the location of the window regardless of height.

About the Law

1.   In all new Leases, Appendix 27A which is the model form in the Administrative Code must be included either in the Lease or as an Addendum to the Lease to give any perspective Tenant notice of the Tenant's rights to request the installation of window guards.  This includes a Lease by a condominium owner to a Tenant for an individual condominium unit.

2. Verbal notification to the new Tenant is also required; this may be in a written document separate from the Lease, and the owner must keep a record of this notification.

3.   Twice each year, the owner must deliver to each Tenant, a clear and legible notice either by hand delivery or certified mail.   One notice is required only in the year that the Lease was signed.   The owner must maintain a record of compliance.

4.   Post Notice - This must be posted in the common area; the notice would be recommended to be in the form of Appendix 27A.   The notice must include the obligation of the owner to install window guards at the request of the Tenant and the obligation of the Tenant to check the window guards.

5.   A three story building or higher - in January or February of each year, an orientation program must be conducted; a brochure in the form of Appendix 27B of the Code should be distributed; the Landlord must record attendance and post the notice of the meeting two weeks ahead of time.  This meeting is also required where public funds or public assistance is given for either construction of the building or assistance in the payment of Tenant's rents.

 

TENANT

1. Any Tenant having a child of the age of 10 or under, may request installation.

2. The Tenant may be required to pay up to $20.00 per window for installation.

 

GENERAL INFORMATION

1. The Code provides for specifications for approved window guards.

2. Window stops do not fill the requirement under the Code.

3. The Tenant can request owner to repair; if the owner does not repair, the Tenant may contact the Bureau of Housing Inspection at 609-633-6210.

4. Tenant may request removal.  I recommend same be in writing.

5. Condominium installation - who installs?

(a) Inside the condominium unit - the owner of the unit installs.

(b) Hallways - the Community Association installs

(c) The Tenant must make a separate request to both the owner and the Association if they want window guards installed in both areas.

1/1/2007
CIS  - The Consumer Information Statement.

For buyers and seller/Landlords and Tenants of one to four family residential properties or vacant one-family lots.

The form is required to be delivered & explained to all customer at or prior to the first business meeting and prior to any material discussion of their desire to buy or sell.  That means that before you discuss and details about their situation or what they want and certainly before the first showing of a house.

You must

bulletInform buyer/seller – lessee/landlord of the four business relationships.  For a buyer that would mean give them a copy of the CIS & explain the 4 business relationships prior to the first discussion at which the buyer’s motivation or financial ability to buy is discussed and for a seller the same thing prior to the first discussion of the seller’s motivation to sell and prior to discussion of a selling price.
bulletThe law does not require that you have a buyer or seller sign the form, that is optional.
bulletOur office policy is to have all buyers sign our buyer's agency agreement (BAA). Our BAA contains the language that the buyer has received the consumer information statement.  If a buyer refuses to sign our buyer agency agreement then have them sign the CIS Form.  The original of either signed document will be given to the office manager or administrative assistant. The law does not require anything to be signed but if you don't get one of the documents signed you will not have any proof that you complied with the law.

A Buyer's Agency Agreements must should contain a statement that the customer has received a copy of the CIS, which buyer agency agreement does.

So for example if you are meeting a buyer for the first time, even if that meeting is in front of the home you intend to show them, you will give the buyer a copy of the CIS and explain it to them.  You should then ask the buyer which one of the representations they wish to work with you under. 

Smoke Detector, Carbon Monoxide Detectors & Fire Extinguishers
These are required to be installed and inspected prior to closing on all residential 1 to 4 family unit.  This includes sales and RENTALS!!

 

 

Copyright © 2007 Century 21 Sylvia Geist Agency
Last modified: 10/17/07