Do You Have an Affiliated Business Disclosure?

Question: Do you have an Affiliated Business Disclosure form? What about any other brokerage specific forms?

Yes, we do have an affiliated business disclosure. The form is available in the digital checklist you are provided after reporting in a transaction at www.updatebroker.com

Here is some additional information about the Affiliated Business Arrangement Disclosure Statement:

What is this form?

This paper tells you that we work with another company we have a business connection with (like a mortgage company or title company).

Think of it like this: if we owned part of an ice cream shop, and we said, “Hey, you can buy your ice cream there,” you should know we have a connection before you decide.

Why am I getting it?

The law (called RESPA) says we have to be honest about these relationships.

• If we send you to a company we’re connected with, you should know we might benefit.
• You do NOT have to use this company. You can choose any company you want.

Does it cost me more?

Nope. This form is not a bill and does not mean you owe money. It’s just so you can make an informed choice.

What do I do with it?

• Read it. It tells you who the company is and how we’re connected.
• Sign it. Your signature means, “I saw this and understand I have a choice.”