Sentences with phrase «agent of the seller»

In this situation, Hector is the designated agent of the seller only and has no duties to the buyers, other than to act honestly and with reasonable care and skill.
Also called, among other things «appointed agency,» this is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as agents of the seller, and which will act as agents of the buyer, without the individual licensees being dual agents.
«Escrow and title services are typically chosen by the real estate agent of the seller in most areas, so the buyer has little say in what those fees will be.»
When sales associates take listings, they generally become agents of the sellers and agree to promote the sellers» property at the listed price, regardless of what the CMA shows.
Designated agents (also called appointed agents) are chosen by a managing broker to act as an exclusive agent of the seller or buyer.
B.C. rules require that team members are all included by name on the listing contract and are considered designed agents of the seller when a team member takes a listing.
B.C. rules require that team members are all included by name on the listing contract and are considered designed agents of the seller when a team member takes a listing.
So long as Felix does not share any of the buyers» confidential information with Hector, Hector is still able to retain his sole agency status and continue to act as the designated agent of the seller only.
Ann Steele carried the first listing I ever brought an offer on (my 2nd «Frebreeze» week in the business) and while at that time both registrants involved in the transaction were Agents of the Seller with buyers only legally allowed customer service, Ann handled this newbie (me) with kit gloves.
Designated brokerage allows the managing broker to designate which licensees in the brokerage will act as agents of the seller and which will act as agents of the buyer.
Accordingly, where two licensees from the same brokerage are co-listing the matrimonial home, the listing contract will include them both as the designated agent of the seller.
The defense argued at the first trial that Cortazzo was the exclusive agent of the seller and didn't have a fiduciary duty to Horiike.
Typically, the listing contract authorizes the listing brokerage to appoint one or more licensees to act as the designated agent of the seller.
A real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of a written agreement, or unintentionally by a course of conduct, will be deemed to be a fiduciary.
A real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of
Today, when any licensee engaged by ABC Realty takes a listing, every licensee engaged by ABC Realty is immediately considered to be an agent of that seller.
In Zoda v. Eckert, the Court of Appeals of Washington addressed questions regarding MLS errors, «As Is Move - in agreements,» and whether a real estate salesperson purchasing a house for personal use was an agent of the seller.
The court held that a real estate agent who purchases a home for her own use did not have an independent duty to inspect information in a MLS and was not an agent of the seller.
On appeal, Tri-Professional argued that the purchaser's negligence claim was without merit because, as the agent of the seller, it did not owe a legal duty to the purchaser.
Larry Licensee, who is also engaged at LMN Realty Ltd., is the designated agent of the seller.
Q: I am the designated agent of a seller and I plan to host an open house on or after June 15, 2018.
Under brokerage agency (see description of brokerage agency under the next heading), because all licensees within the brokerage are the agents of the seller whose property is listed for sale with the brokerage, the conflict of interest arises if the licensee is purchasing a listing where they have personally signed the listing contract or where the listing contract is one entered into by another licensee in the brokerage.
«According to Dale Ripplinger (CREA President), CREA rules the bureau wants changed include those that say the listing realtor must act as the agent of the seller and receive and present all offers to the seller, and property information can not be posted on the Multiple Listing Service without an agent representing the seller.
A «mere posting» occurs when the listing agreement relieves the listing member of any obligations under the Rules & Regulations, including the obligation that the listing member must remain the agent of the seller throughout the term of the listing contract.
The complaint charged that REALTOR ® B had actually been the agent of the buyer while holding himself out as the agent of the seller.
So long as Felix does not share any of the buyers» confidential information with Hector, Hector is able to retain his sole agency status and can continue to act as the designated agent of the seller.
According to Ripplinger, CREA rules the bureau wants changed include those that say the listing realtor must act as the agent of the seller and receive and present all offers to the seller, and property information can not be posted on the Multiple Listing Service without an agent representing the seller.
Sub-agency is still on the books as an acceptable practice in Hawaii (all agents are the agents of the seller in sub-agency), but it is rarely practiced.
He is currently suing CREA and the Toronto Real Estate Board for implementing new rules that ultimately forced Realtysellers out of business in 2006 by requiring an agent who lists a home on MLS to remain the agent of the seller throughout the entire process.
Designated agency has been legislatively created in many states, allowing the management of a brokerage to establish an office policy, whereby the managing broker appoints, or designates, one licensee associated with that brokerage to act as the exclusive agent of the buyer and another to act as the exclusive agent of the seller.
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