Right of First Refusal: What Brokers Need to Know
In today’s video, Washington REALTORS® Legal Hotline Lawyer Annie Fitzsimmons explains how rights of first refusal work, when they’re triggered, and why they often create complex situations for listing brokers and sellers. Because there is no standard right of first refusal agreement, the terms can vary widely… Tune in to learn the definition of a right of first refusal, when the right is triggered in a transaction, and how these rights may affect marketing, disclosures, and MLS compliance. 
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