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Article V - Division of Commissions
Section 5.2  Participant As Purchaser


If a Participant or any person (including licensed or certified appraisers or Auctioneers) affiliated with a Participant proposes to acquire an interest in a Listed Property which has been Filed with the Service by another Participant, such proposal shall be disclosed in writing to the Listing Broker by the Participant proposing to acquire the interest not later than the time an offer to purchase the Listed Property is submitted to the Listing Broker by a prospective purchaser.









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