Sentences with phrase «agency brokerage takes»

Not exact matches

The Real Estate Council of Alberta (RECA) has been taking a very pro-active role in steering our industry and although not carved in stone, transaction brokerage and designated agency appear to be on the horizon.

Éric Bilodeau, agency owner of Royal LePage Habitations, has taken ownership of the merged brokerages.

The way I see it, the existing legislation governing the Laws of agency prevail, regardless of the steps any Brokerage believes it has taken to abdicate its obligations and responsibilities under the law.

The brokerage would not start out, as it does today, as the sole agent for one of the parties, with every licensee engaged by the brokerage taking on the same status, and then have to strip away many of its agency obligations (and simultaneously stop being able to provide the agency services it initially offered) to become an impartial dual agent in an «in - house» transaction.

The main difference between today's role of the brokerage as a dual agent, and the proposed role of the brokerage as a transaction facilitator, is that this is the role of the brokerage that would be established from the outset, either when a listing is taken or a buyer agency agreement is signed.

The new rules, which take effect on Dec. 1, 2015, eliminates limited agency and allows brokerage firms to adopt designated agency.

This means that whenever a client enters into an agency relationship with the brokerage, all licensees at that brokerage take on the same duties in relation to that client.