Real Estate Brokers - Residential Real Estate Transactions - Transaction Brokers

Authorizing a licensed real estate broker, a licensed associate real estate broker, or a licensed real estate salesperson to establish nonagency relationships to act as a real estate transaction broker in a residential real estate transaction under certain circumstances; establishing the duties of a transaction broker in a transaction brokerage; requiring the State Real Estate Commission to develop a certain standard consent form for a transaction brokerage; etc.