V C Section 11738 Brokering Agreement Form and Contents
Brokering Agreement: Form and Contents
11738. The brokering agreement required by Section 11736 shall be printed in no smaller than 10-point type and shall contain not less than the following terms, conditions, requirements, and disclosures:
(a) The name, address, license number, and telephone number of the autobroker.
(b) A complete description, including line-make, model, year model, and color, of the vehicle and the desired options.
(c) The following statement:
"The following information shall be completed prior to the signing of this brokering agreement:
Dollar Purchase Price of Vehicle: ______.
Date this agreement will expire if a purchase agreement from a selling dealer is not presented for your signature: __________.
Fee that you will be obligated to pay us, if any: __________."
(d) One of the following notices, as appropriate, printed in at least 10-point bold type and placed immediately below the statement required by subdivision (c):(1) "We do not receive a fee from the selling dealer."
(2) "We receive a fee from the selling dealer."
(e) The following notice on the face of the brokering agreement with a heading in at least 14-point bold type and the text in at least 10-point bold type, circumscribed by a line, that reads as follows:
(f) The date the agreement is executed.
(g) The signature of the autobroker and consumer.