Section 25-34.1-10-13 - Written office policy regarding agency relationships; disclosure of policy; disclosure of compensation; compensation not creating agency relationship(a) A managing broker shall develop and enforce a broker company written office policy that identifies and describes the agency relationships that a licensee may have with a seller, landlord, buyer, or tenant and that specifically permits or rejects the practice of disclosed limited agency.(b) At the beginning of an agency relationship, a licensee shall disclose in writing the broker company's written office policy set forth in this section before the disclosure by the potential seller, landlord, buyer, or tenant of any confidential information specific to that potential seller, landlord, buyer, or tenant.(c) Parties to a real estate transaction shall be advised whether compensation will be shared with other broker companies that may represent other parties to the transaction whose interests are different or even adverse.(d) The payment of compensation does not create an agency relationship between a licensee and a seller, landlord, buyer, or tenant.Amended by P.L. 116-2015, SEC. 20, eff. 7/1/2015.Amended by P.L. 127-2012, SEC. 46, eff. 7/1/2014.As added by P.L. 128-1994, SEC.6. Amended by P.L. 130-1999, SEC.18.