(5A) “Client” means a person who has not established a brokerage relationship with a licensee but for whom a licensee performs official acts in connection with a real estate transaction. If a licensee does not establish a brokerage relationship with that person, the person is presumed to be a client of the licensee and not a client. (1A) “Agency” means any relationship in which a real estate licensee acts for or represents a person with the express authorization of a person in a real estate transaction, unless another legal relationship is contemplated and agreed to as part of the brokerage relationship. Nothing in this Subchapter prevents a licensee and a principal from establishing in writing a brokering relationship under which the licensee acts as an independent contractor or that imposes obligations on a licensee in addition to the obligations set out in this Subchapter. However, if a licensee accepts additional obligations, it is responsible for the additional obligations agreed with the client as part of the brokerage relationship. A real estate licensee who enters into a brokerage relationship on the basis of a written agreement expressly stating that the real estate licensee acts as an independent contractor and not as an agent has the obligations agreed to by the parties in the contract, and such real estate licensee and its employees have no obligation under § 42-1703(a) through (e). 1. The term “advance” means any fee, commission or other consideration of value agreed, claimed, demanded, calculated, received or collected, paid or offered prior to the registration, advertising or offer to sell or lease real estate, promote the sale or lease of real estate or return it to a real estate agent. Sellers or both, except by newspaper with large circulation.

(10C) The term “psychological impact” means any fact or suspicion relating to circumstances that are not within the physical condition of the property and give rise to fear, belief or mental state. (9) “Person” means any individual, partnership, association, unincorporated enterprise, firm, business trust or corporation. (13b) The term “standard agent” means a licensee acting on behalf of a client or representing the client in an agency relationship. The standard representative shall perform the functions provided for in this Article. (8A) The term “ministerial acts” means routine acts that a licensee may perform on behalf of a person and that do not require discretion or the exercise of the licensee`s own judgment. (12A) The term “real estate franchise” means any real estate franchised brokerage firm operating in the District that does not directly own or operate individual offices but that licenses its trade name, reputation, operating procedures and brokerage services to independent brokerage firms. Limited representation means that a buyer or seller is not responsible for the actions of Licensee. In addition, the parties waive their rights to the undivided loyalty of the holder. This aspect of limited representation allows a licensee to facilitate a real estate transaction by assisting both the buyer and seller, but a licensee will not work to represent one party at the expense of the other party when acting as a transaction broker for both parties. As a transactional broker (insert name of real estate company and its partners) provides you with a limited form of representation that includes the following obligations: (3A) “Client” means a person who has entered into a brokerage relationship with a licensee. (11) The term “real property” means condominiums, long-term leases, timeshare and any other shares or real property situated in land, whether physical, intangible, real or non-immovable, and whether situated in the district or elsewhere. The term “real property” includes shares or memberships in a cooperative organized in accordance with Chapter 9 of Division 29 for the purpose of carrying on real property business, even though the shares or members may be considered securities or personal property for the purposes of that Chapter.

3. Payment of all sums entrusted to the licensee. (7A) “Licensee” means real estate agents, vendors and property managers as defined in subsections (10) (Property Manager) [repealed], (12) (Real Estate Agents) [repealed] and (13) (Real Estate Vendor) [repealed] of this section, provided that nothing in § 42-1703 shall be considered an amendment to the licensing requirements otherwise set out in this Subchapter. 8. submit all offers and counter-offers in a timely manner, unless either party has previously given written instructions to the contrary to the Licensee; and (5B) the term “appointed agent” or “designated agent” means a licensee engaged by a prime broker or supervisor to represent a client where another client is also represented by that principal or dealer in the same transaction.

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