Sentences with phrase «agency transactions»
"Agency transactions" refer to business dealings or transactions in which one party acts as an intermediary or agent on behalf of another party. This means that someone is authorized to represent and make decisions for someone else during the transaction process. Full definition
We do a lot of dual agency transactions, which keeps our numbers so high.
realtormag.realtor.org
In most cases, brokers will charge investors commissions on agency transactions, and the amount of the commission will be identified on the trade confirmation.
However, dual agency is extremely profitable for brokers because they collect double commissions in dual agency transactions.
Some brokerages intentionally withhold listings from these sites in hopes of increasing their chances of collecting a double commission (happens in dual agency and designated agency transactions).
The court affirmed the appellate court's opinion by holding that, pursuant to that statute, each of the salespeople involved in a dual agency transaction owe fiduciary duties to both the buyer and the seller.
One of the most important remedies often available to victims of undisclosed dual agency is rescission of the contract — because dual agency transactions rarely involve an arms - length transaction.
A new Morgan Stanley study concludes that Zillow is enabling agents to increase the number of dual agency transactions through Zillow ads.
There has been pressure in the United States, resulting in insurers declining to provide errors and commissions insurance to brokerages, or imposing premium surcharges based on the dual agency transactions in a brokerage.»
In this case, the broker acts as an agent rather than as a principal, and the trade is sometimes called an agency transaction.
They noted that dual agency transactions are permitted in every state except Colorado, provided that it is disclosed in writing to all parties, and that the parties agree to it.
Price paid to a dealer for bonds when the dealer acts as principal in a transaction, i.e., the dealer sells bonds that he owns, as opposed to an agency transaction (see agency transaction).
The agency transaction is handled by the brokerage but the marketing fees are handled through their FSBO company.
A big portion of misrepresentation claims come out of dual agency transactions, says Drayna, who makes this claim based on his experience rather than any hard statistics.
Here is my submission to that end regarding dual agency transactions: Another Realtor of local stellar repute (not from the chosen Realtor's brokerage but whom the buyer's and seller's mutual Realtor would recommend to his / her respective buyer / seller clients for their approval) would oversee / facilitate the negotiation process once an offer — or offers — has / have been announced as being on the table.
Agents doing dual agency transactions should take special care to make clear all existing relationships that could be perceived as conflicts of interest.
By forgoing potentially millions of eyeballs on two leading real estate portals, one could argue that Edina is betting the «double dip» they will get from dual agency transactions will more than make up for the loss in visibility — a loss that could increase market time of listings and loss of clients who DO want wider distribution of their home.
Complications can arise in dual - agency transactions that can be problematic for all parties, including the agent.
Dual agency must typically be disclosed, and it's up to buyers and sellers whether they want to engage in a dual agency transaction.
Real estate brokers and firms that abuse supervisory duties in order to increase the frequency of dual agency transactions.
For these reasons, lenders should either refuse to fund dual agency transactions or provide extra scrutiny into the viability of transactions that involve dual agency.
The financial incentives are so great for brokers to engage in dual agency that it should be presumed that market manipulation occurs in every dual agency transaction.
The financial incentives are so great for brokers to engage in a dual agency that it should be presumed that market manipulation occurs in every dual agency transaction.
One Stop Shopping is most likely to occur in dual agency transactions.
Could it be the double commission payable on dual agency transactions?
«Zillow is enabling premier agent advertisers to increase the number of transactions within which they represent both the buyer and the seller, known as a dual agency transaction,» according to Morgan Stanley's AlphaWise study published today.