10.2 Department of Real Estate Commissions & State Regulators

The Company is regulated by various State Real Estate Commissions and State regulators. The primary mission of the State Real Estate Commissions and State Regulators is to protect the public in real estate transactions. Therefore, the DRE’s major concerns relate to the following issues:

• Misrepresentation

• Failure to Disclose Material Facts

• Trust Funds

• Conflict of Interest

Company policy is to follow all of the real estate laws set forth by the State Real Estate Commissions and State Regulators. Associates are responsible for staying up-to-date on the ever changing real estate laws. From time to time the Broker will hold “red flag” meetings to address changes in real estate law. The local board of REALTORS® also holds classes regularly that Associates are advised to attend in order to stay up-to-date.