When should a license holder provide the Disclosure of Relationship with Residential Service Company form?
A license holder should fully complete and provide the Disclosure of Relationship with Residential Service Company (RSC-3) when the license holder will receive a fee from a residential service company because a party to the transaction purchases a contract from that company.
Many transactions do not require use of this form. For example,
- If there is no residential service company contract as part of the transaction, you do not need to provide this form.
- If you are not being paid a fee by a residential service company, you do not need to provide this form.
- If a residential service company contract is part of the transaction but you do not receive a fee from that specific company, you do not need to provide this form.
Generally, the only reason you might fill out this form if you do not receive a fee from a residential service company is because the other agent or broker in your transaction is providing their own disclosure. In this situation, you would fill out the appropriate portion of the form and check the box that says you "will receive no compensation from a residential service company." Your signature in this situation is merely disclosure and is not an endorsement, approval, or otherwise binding.