Protecting the public interest in regulated real estate transactions

Guidelines

IREC publishes guidelines that are further explanations of rules and laws.

Below is a listing of all the guidelines that have been published by IREC.

  1. Cancellation or Withdrawal of Listings
  2. Information for Out of State Real Estate Brokers
  3. Regular Employee Status Determination
  4. Agency Disclosure Brochure (“THE BLUE BROCHURE”) Record Keeping Requirements
  5. Disclosure of Transaction Fees - When Required
  6. Guaranteed Sales Plans (GSPs)
  7. Guidelines for "Suspended" Brokers
  8. Approved Escrow Holders
  9. Terms Under Which Rental or Lease Fees May be Split with Non licensed Persons
  10. Splitting Fees with Non licensed Persons Prohibited
  11. Offices with Similar Business Names Operating at the Same Address
  12. Offering Incentives to Potential Sellers or Buyers
  13. Advertising
  14. Disputed Earnest Money
  15. Establishing Real Estate Trust Accounts
  16. Presentation of Multiple Offers by The Listing Agent
  17. Use of Unlicensed Assistants and Office Staff
  18. Dealer In Options
  19. Signatures and the Use of Counteroffer Forms
  20. (Reserved)
  21. Telephone Solicitation
  22. Auctioneers of Real Estate
  23. Mandatory Duty of the Brokerage "To be Available" to Receive and Present all Written Offers and Counteroffers
  24. Licensees' Personal Transactions to be Conducted Through The Broker With Whom He is Licensed