Sentences with phrase «agency situation»

In a dual agency situation things get very complicated.

Even in this situation you could create a dual agency situation by trying to represent two buyers wanting to purchase the same property.

The result, hopefully, is that fewer buyers are trapped in a dual agency situation without their consent or knowledge.

And in dual agency situations, buyers often get the short end of the stick.

The Transaction Broker or facilitator are attempts to rectify the muddy agency situation.

Justice Pollak agreed with Ms. Morrow and found that the broker's failure to advise Ms. Morrow in writing of the dual agency situation prior to the offer to purchase being presented constituted a breach of the listing agreement, disentitling the broker to nearly $ 18,000 in commission.

In a dual agency situation very few agents will ever suggest that the buyers and sellers seek out new agents to represent their best interests, since the agent will now be required to share their commission.

In George v. Bolen, the Court of Appeals of Kansas addressed breach of fiduciary duty in an implied agency situation.

The Agency Task Force report describes agency as a core issue for the real estate industry and for regulators across Canada: «The industry is changing: buyer agency agreements are on the increase; relatively new concepts, such as Transaction Brokerage, are emerging and challenging the traditional agency role of industry members; active real estate markets are giving rise to multiple offer and multiple agency situations.»

Thank you to all who are working on a solution to our current Hawaii agency situation.

The «facilitator» and the «transaction broker» are attempts to rectify the muddy agency situation.

As noted in the June report, the primary concerns revolve around «the inherent conflict of interest» between the interests of the seller and the buyer, and the increasing number of errors and omissions insurance claims involving dual agency situations.

That is the missing ingredient that is never talked about vis a vis the motivatioins of real estate sales representatives who are either contractually locked into or who are actively promoting dual agency situations.

Briefly, when a real estate company finds itself in an «in - house» dual agency situation, management can try to solve the cross-advocating problem of the opposing interests of their clients.

Anyhow that is what I believe and if most buyers and sellers understood dual agency many would not allow themselves to be placed in a dual agency situation.

Even with all the disclosures, most consumers do not understand how they are disadvantaged in a dual agency situation.

How can buyers or sellers develop negotiating strategies that might work in their best interests if they are in a dual agency situation and can not rely on their agents professional negotiating skills.

If so you would be in a Dual Agency situation and would not have been able to do the best job for your client.

DUAL AGENCY SITUATION — What if you are the listing agent in a dual agency situation and your sellers asks you for some feedback.

If one works in a large brokerage then you will be constantly in DUAL AGENCY situations and that definitely is not an advantage for the buyer.

Agents that I have had the pleasure of working with and whom I consider to be extremely ethical, sometimes act like a long - tailed cat in a room full of rocking chairs when they find themselves in a dual agency situation.

In fact I am surprised that sellers have not complained more that their agents have not represented their best interests as promised and yet the brokers will not consider a reduced fee for a reduction in service in a dual agency situation.

Very careful dual agency situations.

this is the challenge of the dual agency situation — how do you stop the flow of information that occurs naturally between salespeople?

In Huijers v. Demarrais, the California Court of Appeals addressed the issue of disclosure by real estate licensees in dual agency situations.

Managing brokers should be reminding their licensees of the obligation of impartiality in all limited dual agency situations.

Then the licensee will be in an undisclosed dual agency situation, and dual agency is prohibited.

Although «disclosure» of risks may be statutorily satisfied, conduct inconsistent with fiduciary duties is not exempted and presumptions of breach of duty still exist in a dual agency situation (brokers are still dual agents).

However, this section of the Act is incorrectly constructed in that it actually allows the salesperson, in a dual agency situation, to do exactly what the broker is prohibited from doing — negotiating price and terms.

Brokers have a financial incentive to manipulate consumers into dual agency situations.

Another problem cited by the report is the increasing number of errors and omissions claims that involve dual agency situations.

I will do everything possible to avoid a DUAL AGENCY situation.

Perhaps in a dual agency situation the amounts paid to the broker and agents should be reduced to reflect the reduction in level of service provided.

Yes consumers must sign a disclosure allowing real estate agent to act for them in a dual agency situation.

Do real estate agents really discuss with the buyer and seller the disadvantages of using them in a dual agency situation?