Disclosure Of Remuneration Form - Rental Property Management Services

DISCLOSURE OF REMUNERATION

Rental Property Management Services

(Council Rules, section 5-11)

SECTION 5-11 OF THE REAL ESTATE COUNCIL RULES REQUIRES A RENTAL PROPERTY MANAGEMENT BROKERAGE AND ITS RELATED

LICENSEES TO DISCLOSE TO AN OWNER/LANDLORD CLIENT ANY REMUNERATION* THEY EXPECT TO RECEIVE FROM ANYONE OTHER

THAN THE OWNER/LANDLORD CLIENT AS A RESULT OF PROVIDING REAL ESTATE SERVICES TO THE OWNER/LANDLORD CLIENT.

*“remuneration” includes any form of remuneration, including any commission, fee, gain or reward, whether the remuneration is received, or is to be received, directly or indirectly.

PART A

Notice to (name of client)

Street address of subject real estate

PART B - DISCLOSURE

___________________________________ is licensed under the Real Estate Services Act and hereby discloses to you that the brokerage will

(name of brokerage)

receive or anticipates receiving remuneration on an ongoing basis, from the persons identified, for the following services.

Rental Property Management Services

1.

Provision of estoppel agreement/certificate $ ________________

to be received from ____________________________________________

2.

Provision of lease assignment $_________________ to be received from _______________________________________________________

3.

Tenant screening due to lease assignment

$_______________ to be received from ______________________________________________

4.

Fees as a result of recommending a service provider (such as a real estate licensee, insurance broker, notary public, lawyer or savings

institution, or any other person providing other products or services) to an owner/landlord_____________________________________ to be

(amount or method of calculation)

received from _____________________________________

5.

Fees as a result of referring an owner/landlord to a service provider: _____________________________________________________ to be

(amount or method of calculation)

received from _______________________________________

6.

Other_________________________________________________________________________________________________________

PART C - SIGNATURES AND ACKNOWLEDGEMENT

This disclosure is made to you in compliance with section 5-11 of the Council Rules under the Real Estate Services Act, at

_________________________________ on _____________________________

(place)

(date)

Name of Licensee ________________________________________

Signature of Licensee ________________________________

Acknowledgement and Receipt

The undersigned acknowledges receipt of this Disclosure of Remuneration at ________________________________ on ______________________

(place)

(date)

Signature of person/persons to whom disclosure has been made ____________________________________________________________________

A COPY OF THIS DISCLOSURE IS NOT REQUIRED TO BE PROVIDED TO THE REAL ESTATE COUNCIL UNLESS IT IS SPECIFICALLY REQUESTED.

Disclosure of Remuneration – Rental Property Management Services

(Rev 01/2013)

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