Sentences with phrase «brokers act on your behalf»

Our mortgage brokers act on your behalf to make the mortgage process as smooth as possible.

The Bureau believes that in some circumstances the Loan Estimate may be delivered by a mortgage broker acting on behalf of the creditor.

Not exact matches

But Sampson's lawyers, in a letter to Brooklyn U.S. District Judge Dora Irizarry, said the favors — contacting state agencies and private parties on the broker's behalf — would no longer qualify as «official acts» that could establish a bribery scheme under the new Supreme Court definition.

He believes that a BAME teacher's skills are first «acknowledged and then endorsed / promoted» by a white individual who acts as a «broker» on behalf of the interests of the minority ethnic individual.

Automotive Compliance Ltd's permissions as a Principal Firm allows Aston Martin Works Limited to act as a credit broker, not as a lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance mediation activities only.

A broker won't lose money when a stock goes down in a bear market because the broker is usually nothing more than an agent acting on sellers» behalf in finding somebody else who wants to buy the shares.

Nowadays since your online trading platform acts as your broker, only a small fee (or a commission) is charged to buy and sell stocks on your behalf.

Included in this group are sell - side research firms with broker operations, NYSE and Nasdaq trading desk positions of investment banks, investment banking client desks that execute buyback programs on behalf of corporations, private client firms that essentially act as custodians for high net worth individuals, and brokers that sell unit investment trusts or exchange traded products.

Plus, the attorney will examine your loan documents for potential Truth in Lending Act (TILA) or Real Estate Settlement Procedures Act (RESPA) violations and there wasn't fraud involved on behalf of the lender or broker that originated your loan.

Any extensions of credit brokered or arranged on behalf of a buyer by a credit service organization must comply with the provisions of the Uniform Consumer Credit Code and the Credit Services Organization Act.

The broker acts as a middleman that arranges a motor carrier's pick - up and delivery on behalf of the shipper.

Whereas states previously would issue separate licenses for agents and brokers, most states now issue a single producer license regardless if the person is acting on behalf of the insured or insurer.

Because these websites do not represent or offer car insurance policies for one specific company, they are in fact acting as a broker on your behalf — by helping you to find the lowest prices for certain types of car insurance coverage.

A broker on the other hand has no such contractual representation with an insurer and can be considered independent and acting on behalf of the clients.

Agency is a relationship between a principal (seller or buyer) and an agent (broker) who acts on behalf of the principal in dealing with a third party.

Based upon the specific facts of the case, the court held that the broker acted only on behalf of the vendor and, as such, was entitled to a commission.

Since the broker wasn't acting on behalf of a third party, the court ruled that he wasn't offering brokerage services and therefore wasn't entitled to any compensation.

Agency is a legal relationship between a principal (client) and an agent (the broker and salesperson) that arises when the principal delegates authority to the agent to perform acts on the principal's behalf and the agent consents to the delegation.

With the seller's / buyer's written consent, the broker may designate another industry member to act on the buyer's / seller's behalf for the period of time you are away (or otherwise unavailable).

In designated agency, a broker - in - charge may designate individual associated licensees to act solely on behalf of each client.

Acting on behalf of the seller, Levin Johnston brokered the record - breaking price - per - unit sale of Velocity at Lawrence Station, which commanded $ 465,250 per apartment.

Eastern Consolidated Properties, Inc. v. Lucas (285 A.D. 2d 421)- Supreme Court's order to dismiss broker's complaint reversed; broker's complaint sufficiently alleges that certain defendants have the authority to act on behalf of all defendants in the underlying real estate transaction; upon procuring a buyer ready, willing and able to purchase on the seller's terms, the broker has earned its commission and a seller who frustrates the consummation of the transaction is liable nonetheless to the broker; no requirement that a brokerage commission be in writing (GOL 5 - 710 [a][10]-RRB-

Salesperson - According to the Real Estate Trading Act, a salesperson is a person employed, appointed or authorized by a broker to trade in real estate on behalf of that Brokerage.

An «agency» relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the «agent») agrees to act on behalf of a buyer or a seller (the «client») in a real estate transaction.

9 - 3 (1) Subject to this section, the Act and these rules do not apply to an individual licensed as a managing broker, associate broker or representative who is a strata lot owner in relation to strata management services provided to or on behalf of the strata corporation of which the licensee is a member by reason of being a strata lot owner, if all the following conditions are met:

128 DOS 93 Matter of DOS v. Vuksanaj - motion to conform pleadings to proof granted where (i) additional evidence wouldn't have been presented if the charge had been stated in the complaint and (ii) issue was actually litigated and was within the «broad framework of the pleadings»; broker's authorization to execute lease on behalf of landlord must be in writing to be valid (G.O.L. § 5 - 703); no commission earned on void lease (due to lack of written authority for broker to sign for landlord); broker is undisclosed «double agent» - thus «fails to make clear» for which party he is acting (NYCRR 175.7); broker is not «managing agent» under NYC Rent Stabilization Code unless (i) broker has ownership or financial interest in property or (ii) performs managerial duties; separate escrow account (§ 175.1) not required when broker is not holding escrowed funds; holding funds overnight does not trigger requirement for escrow account (returned next day upon demand); unlicensed name used in commission agreement but lack of intent to mislead considered in mitigation; restitution of unearned commission

This is true even if the person was permitted, under the sales contract, to hire agents and brokers to act on his or her behalf, that were legally licensed by the state.

At the heart of the issue is the common law of agency, which is defined as the fiduciary relationship that results when a buyer or seller hires an agent or broker to act on their behalf.