What must be done if a licensee offers a rebate or inducement to a client?

When a licensee offers a rebate or inducement to a client, it is essential that this offer is documented in writing. This requirement serves several important purposes: it ensures transparency between the licensee and the client, provides a clear record of the agreement, and protects both parties by outlining the terms of the offer. Documenting such offers in writing helps prevent misunderstandings and disputes down the line, as there is a tangible reference that details what was agreed upon.

Written documentation also aligns with regulatory practices, showing that the licensee is operating within legal guidelines. Having a written record of the rebate or inducement is critical for compliance and can be important in any proceedings or reviews by regulatory bodies, ensuring accountability and ethical conduct in real estate practices.