Brokers & Managers
Welcome GDWCAR Brokers & Managers! This is a resource hub where you can find links, tools, articles, and other resources.
Broker Resources
Useful tools & information for Brokers
BrokerBay Resources
BrokerBay training & useful information
Broker Licensure & Renewal
Quick links for Brokers Licensure
Broker Education & Certifications
Enhance your knowledge & skills
Responding to a TREC Investigation
TREC Rule
Record Retention
535.2(h)
- Except for records destroyed by an "Act of God" such as a natural disaster or fire not intentionally caused by the broker, the broker must, at a minimum, maintain the following records in a format that is readily available to the Commission for at least four years from the date of closing, termination of the contract, or end of a real estate transaction:
- disclosures;
- commission agreements such as listing agreements, buyer representation agreements, or other written agreements relied upon to claim compensation;
- substantive communications with parties to the transaction;
- offers, contracts, and related addenda;
- receipts and disbursements of compensation for services subject to the Act;
- property management contracts;
- appraisals, broker price opinions, and comparative market analyses; and
- sponsorship agreements between the broker and sponsored sales agents.
Broker Information
What does it mean to be a broker?
What Is a Broker?
A person who acts as an intermediary between sellers and buyers of real estate/real property and attempts to find sellers who wish to sell and buyers who wish to buy. In the United States, the relationship was originally established by reference to the English common law of agency, with the broker having a fiduciary relationship with his clients.
GDWCAR Policy states that staff will not offer Broker Advice to agents, they will be referred back to their brokers.
My Responsibilities
Ensuring all licensees are accurate on the roster with the association
It is your responsibility to ensure that you are monitoring the licensees in your office regularly. Make sure their license is current by checking at this site.
If you are not current with this task you may be charged REALTOR® dues and MLS Fees for licensees that are no longer under your supervision. If these items do not get paid you are subject to being deactivated as a REALTOR® and in the MLS. This would result in your entire office being unable to practice.