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.
«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.
It is important to remember that under brokerage agency practice, when a licensee engaged by a brokerage lists a property for sale, the brokerage is appointed
as the agent of the seller, and all of the brokerage's related licensees assume the agency obligations of the brokerage in relation to that seller.
Not exact matches
Like other Wall Street banks, JPMorgan acts
as an
agent for buyers and
sellers of Bitcoin XBT, an exchange - traded note designed to track the value
of the crypto currency.
«Brokers and
agents — and the home
sellers they represent — deserve the right to market their listings broadly,
as they see fit,» said Paul Levine, president
of Trulia, in a statement.
My job
as a real estate
agent has led me through thousands
of homes with
sellers and buyers, and I've seen a terrifyingly wide spectrum
of interior design choices.
As for physical books, I believe they will remain but I believe that self - publishing will make the route to a best -
seller more circuitous than it's ever been because there may not be
agents / publishers willing to represent / publish an author unless the self - published product has sold more than «x» number
of books.
Of her post today, Judy says, «I've always been convinced that as writers we share a unique kind of fragile ego, regardless of where we are in our writing careers — trying to get an agent or publisher, first book being published, hanging onto the midlist, or even when we are blockbuster best seller
Of her post today, Judy says, «I've always been convinced that
as writers we share a unique kind
of fragile ego, regardless of where we are in our writing careers — trying to get an agent or publisher, first book being published, hanging onto the midlist, or even when we are blockbuster best seller
of fragile ego, regardless
of where we are in our writing careers — trying to get an agent or publisher, first book being published, hanging onto the midlist, or even when we are blockbuster best seller
of where we are in our writing careers — trying to get an
agent or publisher, first book being published, hanging onto the midlist, or even when we are blockbuster best
sellers.
So there's a lot
of librarians and book
sellers on the panel, there's
agents, there's people working all deeply inside traditional publishing, there are authors and experts such
as yourself.
For those who wish to know if I have any credentials to pass on such advice, I can tell you that I've got a MA in Creative Writing; I've had various run - ins with literary
agents in the traditional publishing area; I've been a book -
seller and now I'm a proud self - published author and an active member
of the Alliance
of Independent Authors,
as well
as reviewer
of Awesome Indies.
It is also important to know the degree to which the
sellers of the CDO's were acting
as agent or principal.
Rather than relying on a real estate
agent, homebuyers can hope to get access to essential information, such
as recent sales data and the number
of listings that didn't sell (some
of which expire and some
of which are terminated by the
seller for a variety
of reasons).
So the contract between the buyer and
seller also serves
as a set
of instructions for the
agent.
Agents need to be mindful that if they have knowledge of a defect, patent (obvious) or latent (hidden), this information needs to be «disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «knows,» whatever he knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if known by his agent, or by the seller, «must» be disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning m
Agents need to be mindful that if they have knowledge
of a defect, patent (obvious) or latent (hidden), this information needs to be «disclosed» in the actual listing; the listing
agent needs to draw to the attention
of his
seller, making the
seller aware that his
agent «knows,» whatever he knows, or surmises, has seen with his own eyes, or has been made aware by his
seller — sometimes surreptitiously, (by
agent's putting the information confirmation in writing and has advised the
seller the need for disclosing), directing his
seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the
seller that this information if known by his
agent, or by the
seller, «must» be disclosed in some manner, in writing, so
as to prevent the
seller and all the
agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning m
agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing
of transactions, not just even non-removal
of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort
of turbulent down - turning market.
Prohibited acts.A credit services organization, a salesperson,
agent, or representative
of a credit services organization, or an independent contractor who sells or attempts to sell the services
of a credit services organization shall not: (1) Charge a buyer or receive from a buyer money or other valuable consideration before completing performance
of all services, other than those described in subdivision (2)
of this section, which the credit services organization has agreed to perform for the buyer unless the credit services organization has obtained a surety bond or established and maintained a surety account
as provided in section 45 - 805; (2) Charge a buyer or receive from a buyer money or other valuable consideration for obtaining or attempting to obtain an extension
of credit that the credit services organization has agreed to obtain for the buyer before the extension
of credit is obtained; (3) Charge a buyer or receive from a buyer money or other valuable consideration solely for referral
of the buyer to a retail
seller who will or may extend credit to the buyer if the credit that is or will be extended to the buyer is substantially the same
as that available to the general public; (4) Make or use a false or misleading representation in the offer or sale
of the services
of a credit services organization, including (a) guaranteeing to erase bad credit or words to that effect unless the representation clearly discloses that this can be done only if the credit history is inaccurate or obsolete and (b) guaranteeing an extension
of credit regardless
of the person's previous credit problem or credit history unless the representation clearly discloses the eligibility requirements for obtaining an extension
of credit; (5) Engage, directly or indirectly, in a fraudulent or deceptive act, practice, or course
of business in connection with the offer or sale
of the services
of a credit services organization; (6) Make or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise
of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension
of credit; or (7) Advertise or cause to be advertised, in any manner whatsoever, the services
of a credit services organization without filing a registration statement with the Secretary
of State under section 45 - 806 unless otherwise provided by the Credit Services Organization Act.
An investment dealer operates
as an
agent when it acts on behalf
of a buyer or a
seller of a security and does not itself own title to the securities at any time during the transactions.
(1) A credit services organization, its salespersons,
agents, and representatives, and independent contractors who sell or attempt to sell the services
of a credit services organization may not do any
of the following: (a) conduct any business regulated by this chapter without first: (i) securing a certificate
of registration from the division; and (ii) unless exempted under Section 13 -21-4, posting a bond, letter
of credit, or certificate
of deposit with the division in the amount
of $ 100,000; (b) make a false statement, or fail to state a material fact, in connection with an application for registration with the division; (c) charge or receive any money or other valuable consideration prior to full and complete performance
of the services the credit services organization has agreed to perform for the buyer; (d) dispute or challenge, or assist a person in disputing or challenging an entry in a credit report prepared by a consumer reporting agency without a factual basis for believing and obtaining a written statement for each entry from the person stating that that person believes that the entry contains a material error or omission, outdated information, inaccurate information, or unverifiable information; (e) charge or receive any money or other valuable consideration solely for referral
of the buyer to a retail
seller who will or may extend credit to the buyer, if the credit that is or will be extended to the buyer is upon substantially the same terms
as those available to the general public; (f) make, or counsel or advise any buyer to make, any statement that is untrue or misleading and that is known, or that by the exercise
of reasonable care should be known, to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension
of credit, with respect to a buyer's creditworthiness, credit standing, or credit capacity; (g) make or use any untrue or misleading representations in the offer or sale
of the services
of a credit services organization or engage, directly or indirectly, in any act, practice, or course
of business that operates or would operate
as fraud or deception upon any person in connection with the offer or sale
of the services
of a credit services organization; and (h) transact any business
as a credit services organization,
as defined in Section 13 -21-2, without first having registered with the division by paying an annual fee set pursuant to Section 63J -1-504 and filing proof that it has obtained a bond or letter
of credit
as required by Subsection (2).
A credit repair business and its salespersons,
agents, and representatives, and independent contractors who sell or attempt to sell the services
of a credit repair business, shall not do any
of the following: (1) Charge or receive any money or other valuable consideration prior to full and complete performance
of the services that the credit repair business has agreed to perform for or on behalf
of the consumer; (2) Charge or receive any money or other valuable consideration solely for referral
of the consumer to a retail
seller or to any other credit grantor who will or may extend credit to the consumer, if the credit that is or will be extended to the consumer is upon substantially the same terms
as those available to the general public; (3) Represent that it can directly or indirectly arrange for the removal
of derogatory credit information from the consumer's credit report or otherwise improve the consumer's credit report or credit standing, provided, this shall not prevent truthful, unexaggerated statements about the consumer's rights under existing law regarding his credit history or regarding access to his credit file; (4) Make, or counsel or advise any consumer to make, any statement that is untrue or misleading and which is known or which by the exercise
of reasonable care should be known, to be untrue or misleading, to a consumer reporting agency or to any person who has extended credit to a consumer or to whom a consumer is applying for an extension
of credit, with respect to a consumer's creditworthiness, credit standing, or credit capacity; or (5) Make or use any untrue or misleading representations in the offer or sale
of the services
of a credit repair business or engage, directly or indirectly, in any act, practice, or course
of business which operates or would operate
as a fraud or deception upon any person in connection with the offer or sale
of the services
of a credit repair business.
I'm interested in buying a house
as an investment property and am wondering if it's a faux pas to reach out to the
seller's Realtor directly,
as opposed to getting an
agent of my own.
As a home
seller, you may love the idea
of not paying commissions to real estate
agents.
Phil Soper, president and CEO
of Royal LePage, says if getting a valuation is all a home
seller is interested in,
agents accept that
as a part
of doing business.
SaveOnCommission.ca, which still operates under the traditional real estate model, charges a
seller's
agent fee
of 1 %,
as opposed to the traditional 2.5 %.
Letting them know how payment works — through compensation split between the
seller's
agent and yourself — will usually relieve them
as well
as make them more courteous
of your time.
None
of these transactions are the norm, but they serve
as painful reminders
of what happens when everyone — buyers,
sellers,
agents, lawyers — get caught up in a frenzied market.
You'll want different characteristics in an
agent who specializes in sole representation
of sellers, for example, over an
agent who works
as an exclusive buyer's
agent.
This list
of connections should include other real estate
agents and brokers, potential buyers and
sellers, and all the other players in the real estate industry, such
as appraisers, home inspectors, and mortgage loan officers.
For the travel
agents, who play a vital role
as sellers and re-
sellers on behalf
of the suppliers, the issue is less about trying to predict the vagaries
of the economy than staying on top
of trending luxury destinations and a changing client base.
The actor has played a number
of roles in the art market
as buyer, charity auction impressario and a behind - the - scenes
agent for
sellers who feared a buyer would default on an auction bid.
Thus the E-Signature stipulation for things like Purchase & Sale Agreements for Real Estate, is simply an opportunity to allow buyers,
sellers &
agents, the convenience to complete their transactions
as do all others in the U.S., in other Canadian provinces and in other parts
of the world.
However,
as sellers appoint their estate
agent they are signed into contracts that tie in the use
of HIP providers, domestic energy assessors and solicitors.
Rich is also
Of Counsel at CannerLaw & Associates, which performs full service closing settlement
agent work for national, regional and local lenders,
as well
as individual borrowers and
sellers.
It could also introduce regulations stipulating
sellers disclose the commission earned by them,
as the Securities and Exchange Board
of India (Sebi) has done for mutual fund
agents and distributors.
In 1992, Progressive Insurance was recognized
as the largest
seller of auto insurance through independent
agents.
Real estate
agents and
sellers may find an advantage in offering a prepaid home warranty
as part
of the home's purchase price if it means securing a sale.
In 1992, Progressive was recognized
as the largest
seller of auto insurance through independent insurance
agents.
The
seller, in this case, caught hold
of Justin
as he turned out to be a Federal Undercover
agent.
• Prepare documents such
as representation contracts, purchase agreements, closing statements, leases, and deeds • Accompany buyers during visits to and inspections
of property, advising them on the suitability and value
of the homes they are visiting based on current market conditions • Conduct quarterly seminars and training sessions for sales
agents to improve sales techniques • Advise
sellers on how to make homes more appealing to potential buyers increasing average selling prices by 16 % from initial appraisals • Evaluate mortgage options helping clients obtain financing at the best rates and terms
Executed a high - quality customer service mission through all phases
of the closing process, including document preparation and organization
as well
as the final closing presentation to buyers,
sellers, and
agents
I have worked primarily
as an independent
agent serving both buyers and
sellers, but I am ready for the next stage
of my career in which I aim to focus on honing my skills
as a broker.
As an investor, you may be making dozens
of offers per week and your
agent must be able to stomach the idea
of continually going back to a
seller's
agent with your offers — even when they keep getting rejected.
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.
Typically, the listing contract authorizes the listing brokerage to appoint one or more licensees to act
as the designated
agent of the
seller.
Provided that the Listing
agent, prior to signing a Listing, has advised the
seller that commission must be paid if said
seller refuses a full price offer without any supplanted conditions and otherwise fulfilling all other noted conditions within the Listing (date
of closing etc.,
as Ross has explained above), a Listing Agreement is a legally enforceable document in Ontario.
As an example, Davis drew attention to «Prediction # 1: Shifting Consumer Needs Change the Role
of the
Agent», which reads, in part, «
As consumers continue to become more informed via online research, we're seeing a huge shift in what Buyers and
Sellers expect from their real estate
agent.
Hawkins provides a checklist for
agents to use
as they walk through homes with
sellers, looking for items to tuck away during showings like those prescription medications and gaming systems and checking the adequacy
of the home's lighting and door locks.
What about some
of the questionable information meant to advise the home
seller,
as in the Closing the Deal section regarding the
agent writing the contract where it states; «your decisions and concessions are already binding before your lawyer actually has the chance to advise you on its contents.»
My First
Seller Training Just
as agents should be trained to work with a buyer, they should know what is expected
of them
as a new listing
agent.
Unless the state specifies otherwise, a dual
agent can legally contact either client,
as the buyer and the
seller are the clients
of either
agent.
It was a win - win for all, including the MLS
seller who was relocating out
of the county, and his
agent, too, who was gracious and complimentary
as to how I do business.
The regulations define
agent as «any party who enters into a contract with a
seller or lessor, including any party who enters into a contract with a representative
of the
seller or lessor for the purpose
of selling or leasing target housing.»