What can real estate brokers do if no standard form has been promulgated?

If no standard form has been promulgated, real estate brokers can rely on forms prepared by an attorney or a real estate committee. This approach is essential as it ensures that the forms used are legally sound and compliant with applicable laws and regulations. Utilizing forms that have been professionally prepared allows brokers to maintain compliance with legal standards and mitigate the risk of disputes or legal issues arising from poorly drafted agreements.

By using attorney-prepared or committee-crafted forms, brokers also align with the ethical and professional guidelines that govern their practices, thus providing proper protection for their clients and themselves. This is particularly important in real estate transactions, where specific legal language and provisions are necessary to ensure that all parties' rights and obligations are clearly defined.

The other options do not provide the same level of security or compliance. Creating their own forms might lead to unintentional legal pitfalls, while referring clients to legal counsel, though beneficial, does not directly address the immediate need for standard documentation. Relying solely on verbal agreements lacks the formality and enforceability that written contracts provide, making it a less effective method in the context of real estate transactions.