Sentences with phrase «agents party to the transaction»

For example, you can share all contracts (and amendments) immediately with lenders, title companies, and closing agents party to the transaction.

Not exact matches

When you're buying a house, you expect to hear from your real estate agent, attorney and other parties in the transaction.

A mutual fund custodian usually maintains and holds all records, sales redemptions and trades of the share holders... A mutual fund custodian may but not always, act as the mutual fund transaction agent... Since a mutual fund is basically a pool of several funds and not one common stock, it's essential that a 3rd party is involved to maintain, and oversee the funds operations...

The successful program allowed copies of records held by the land registry and all other parties to the transaction, such as banks and real estate agents, and each step of the property purchase process to be verified and recorded on blockchain for all parties to see.

The amount deposited with a neutral third - party, called an escrow agent, who holds the borrower's escrow payments to disburse and distribute monies to proper parties involved in a real estate transaction.

(An arm's length transaction means that the parties involved - buyer, seller, buyer's agent, seller's agent, etc. - are unrelated to one another, and that there are no hidden terms or special understandings between them that are not spelled out in the sales agreement).

In both instances, these services or products may include: company financial data and economic data (e.g., unemployment, inflation rates and GDP figures), stock quotes, last sale prices and trading volumes, research reports analyzing the performance of a particular company or stock, narrowly distributed trade magazines or technical journals covering specific industries, products, or issuers, seminars or conferences registration fees which provide substantive content relating to eligible research, quantitative analytical software and software that provides analyses of securities portfolios, trading strategies and pre / post trade analytics, discussions with research analysts or meetings with corporate executives which provide a means of obtaining oral advice on securities, markets or particular issuers, short - term custody related to effecting particular transactions and clearance and settlement of those trades, lines between the broker - dealer and order management systems operated by a third party vendor, dedicated lines between the broker - dealer and the investment adviser's order management system, dedicated lines providing direct dial - up service between the investment adviser and the trading desk at the broker - dealer, message services used to transmit orders to broker - dealers for execution, electronic communication of allocation instructions between institutions and broker - dealers, comparison services required by the SEC or another regulator (e.g., use of electronic confirmation and affirmation of institutional trades), exchange of messages among broker - dealers, custodians, and institutions related to a trade, post-trade matching of trade information, routing settlement instructions to custodian banks and broker - dealers» clearing agents, software that provides algorithmic trading strategies, and trading software operated by a broker - dealer to route orders to market centers or direct market access systems.

Review and draft documentation relevant to hospital mergers and acquisitions, joint ventures and other transactions; research legal and regulatory issues affecting transactions; work with transaction parties and escrow agents to prepare closings for real estate and corporate venture transactions

From a Code of Ethics perspective, the buyer's agent has an obligation to be honest with all parties in the transaction.

Electronic signature and authorization systems technology allows buyers, sellers, lenders, title agents and other parties to a transaction to remotely review, revise and approve documents using a computer or mobile device — helping you avoid stress - inducing bottlenecks and speeding the path to closing.

If the transaction is cancelled by either party, the agent holding the escrow monies shouldn't disburse any funds until all parties agree in writing how to disburse them.

The «other party to a transaction» is, of course, the seller who pays a commission to the listing broker, who in turn shares the commission with the selling broker (buyer's agent).

Designated agency does not constitute dual agency as long as the designated agent (s) represents only one party to the transaction.»

(c) a form provided by a party to the transaction if the broker is a transaction broker or agent for the party providing the form,

I found this article a lot of what if and conjecture, and frankly insulting to the majority of ethical and hard working Realtors, I have 29 years experience as a Realtor and have found that when both parties to the transaction are fully informed an agreement can be reached regardless of a dual or single agent representation, this needless to say requires the skill and a commitment to help both parties come to the best possible agreement in a non adversarial way, remember the golden rule.

If however an agent to such transaction acts only in the best interests of one party and not both (or even worse acts only in the best interests of himself), such agent is playing a very dangerous game with fire.

Another side, as to the issues mentioned above, any other party to that transaction, agent, title folks, bank, attorney, or even the seller's 3rd cousin who came over for dinner may very well see you as some scam artist and get on the phone getting who knows what authority involved.

When the Seller refuses to sign the Mutual Release neither the Buyer nor the respective Agents will be released by either party to the transaction.

With the continued development of its online transaction portal to communicate with borrowers and authorized 3rd party advisors, Bank of America has taken steps to reduce the amount of time to complete short sales by performing underwriting and valuation tasks while agents collect required documentation.

In addition to working with agent service reps and transaction coordinators, it's Peterson's job to research and develop the technology tools the firm offers its agents — from proprietary programs to third - party technologies.

The broker would screen off some transaction information so that neither agent has access to the confidential information of the other party.

By transforming those same people into Members of a network, like members of a political party or patients of a medical practice, real estate agents will stand a better chance to gain that future business and create clients as opposed to customers (who complete one transaction).

In this scenario, where two agency relationships have already been established, the recommendation of the ATF is that the licensee would advise both the seller and the buyer that he / she is already acting as an agent for both parties, although not yet with respect to this specific property, and explain the possibility of both parties agreeing that the licensee be allowed to act as a transaction facilitator.

Self - dealings by insured agents often carry much higher risks than the typical transaction, with claims for cases involving first - party players paying out, on average, up to five times more than those resulting from standard third - party affairs.

In reality, the vast majority of E&O provisions are designed to cover third - party transactions only — not those carried out by the agents themselves.

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.

In my opinion, unless an agent is a party to the transaction (meaning buyer or seller), an agent should never give up pay for their services, unless it was never agreed upon from the get go.

There are a lot of little things — and some pretty big things — that agents do behind the scenes, including coordinating schedules to make a contract work for all parties, making sure documents are signed and submitted on time, and chasing down weird little bits of information and documentation that are different for every single transaction.

Transaction Broker — A real estate agent attempting to get the transaction completed in a way that is fair and ethical to all parties, without looking out for the interests of any one party to the tTransaction Broker — A real estate agent attempting to get the transaction completed in a way that is fair and ethical to all parties, without looking out for the interests of any one party to the ttransaction completed in a way that is fair and ethical to all parties, without looking out for the interests of any one party to the transactiontransaction.

If so, then you and your agent will review the proposed contract, taking care to understand what is required of both parties to execute the transaction.

Where the managing broker intends to represent one of the parties in an in - house transaction, another member of the brokerage would have to assume the managing broker's supervisory responsibilities in order to ensure the brokerage fulfills its responsibilities and to ensure the managing broker and other designated agent involved in the transaction fulfill their responsibilities as designated agents for their respective clients.

Agency is a term used in real estate to identify the type of service your real estate agent owes to you and other parties in the transaction.

In this case, the agent would be trying to get the transaction completed in a way that is fair and ethical to all parties, without looking out for the interests of any one party to the transaction.

If a managing broker represents one of the parties in an in - house transaction, he or she will not be able to fulfill their role as managing broker for that transaction or carry out their supervisory role for the licensee who is the designated agent for the other party.

Accordingly, the designated agent would have to obtain the written consent of both parties, in the form of a Transaction Brokerage Agreement (TBA), to act as an impartial transaction facilitator under transactionTransaction Brokerage Agreement (TBA), to act as an impartial transaction facilitator under transactiontransaction facilitator under transactiontransaction brokerage.

Furthermore, attorneys, escrow agents, and other parties to a transaction would also be guilty of conspiracy to commit fraud.

Our main objective at C&C Title is to provide our clients with a closing that satisfies all parties involved in the transaction, including buyers, sellers, agents, and banks.

As well, subsection 5 - 11 (3) specifies that when a licensee is acting as the designated agent for only one party in a transaction, the amount of remuneration that must be disclosed is the amount payable to the brokerage in relation to that client.

We work closely with property owners, buyers, lenders, mortgage companies, real estate agents, builders and developers to streamline the closing process, offering title searches, title insurance closings, document preparation and escrow services to all parties involved in real estate transactions.

Title agents conducting transactions in this segment must overcome more than finding orders and language barriers; they need to explain to foreign investors the need for title insurance and the functions performed by the various parties.

Some brokers and agents — particularly those who specialize in representing buyers — have suggested that Edina Realty and other brokerages that have stopped syndicating listings to third - party sites want to increase the number of transactions where their agents are representing both sides of the deal.

This is how a designated agency brokerage can represent a buyer and a seller in a single transaction with full agency representation to both parties, when both parties have different designated agents.

It is not a bad idea, however, for any party or real estate agent to disclose the existence of a this clause to all parties involved in the transaction so that they are aware of the risk.

All parties must be provided with an opportunity to obtain independent advice or alternative representation from another brokerage or designated agent as an alternative to transaction brokerage.

If you or a loved one has been harmed by a real estate agent or broker, by relying on their misguided advice, then you may have legal recourse against them as well as other parties to the sales transaction.

An agent who represents only the seller owes the following affirmative duties to the seller, the other parties and the other parties» agents involved in a real estate transaction:

While all REALTORS ® are state - issued licensees as agents or brokers, the major difference between a «real estate licensee» and a REALTOR ® is that REALTORS ® have taken an oath to subscribe to a stringent, enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment of all parties in a transaction.

We strongly recommend that before you wire any funds to any party (including your own lawyer, real estate broker or title agent whom you know to be involved in your transaction) that you personally call them to verify the wire instructions (you should confirm the ABA routing number or SWIFT code and the credit account number).

73 DOS 95 Matter of DOS v. Marotta - consolidation of actions; dual agency; disgorgement of broker commission; broker may act concurrently in a single transaction as an agent and a principal with informed consent of and full disclosure to principal; broker's agreement breached by broker where broker obtained property incompatible with client's stated needs; no broker's fee earned where brokerage agreement breached by broker; broker engaging in business under trade name acts as individual; agency created between broker and buyer by conduct of parties; dual agency allowed upon full disclosure and informed consent of both buyer and seller; no commission earned by broker where breach of fiduciary duty; refund unearned commissions

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained