A recent trial makes it clear: You should understand what
buyer agency means before you start working with an agent or visiting agents at open houses.
Not exact matches
Still, that doesn't necessarily
mean you should automatically be suspicious of «dual -
agency» — the term used to describe when a realtor or brokerage represents both the seller and the
buyer.
Unfortunately, the credit - reporting
agency Experian reports that as of 2014, the average credit in the U.S. is 666 points,
meaning that only about the top 10 percent of all potential
buyers will qualify.
Terms, defined.For purposes of the Credit Services Organization Act: (1)
Buyer shall mean an individual who is solicited to purchase or who purchases the services of a credit services organization; (2) Consumer reporting agency shall have the meaning assigned by the Fair Credit Reporting Act, 15 U.S.C. 1681a (f); (3) Credit services organization shall mean a person who, with respect to the extension of credit by others and in return for the payment of money or other valuable consideration, provides or represents that the person can or will provide any of the following services: (a) Improving a buyer's credit record, history, or rating; (b) Obtaining an extension of credit for a buyer; or (c) Providing advice or assistance to a buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business en
Buyer shall
mean an individual who is solicited to purchase or who purchases the services of a credit services organization; (2) Consumer reporting
agency shall have the
meaning assigned by the Fair Credit Reporting Act, 15 U.S.C. 1681a (f); (3) Credit services organization shall
mean a person who, with respect to the extension of credit by others and in return for the payment of money or other valuable consideration, provides or represents that the person can or will provide any of the following services: (a) Improving a
buyer's credit record, history, or rating; (b) Obtaining an extension of credit for a buyer; or (c) Providing advice or assistance to a buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business en
buyer's credit record, history, or rating; (b) Obtaining an extension of credit for a
buyer; or (c) Providing advice or assistance to a buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business en
buyer; or (c) Providing advice or assistance to a
buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business en
buyer with regard to subdivision (a) or (b) of this subdivision; (4) Extension of credit shall
mean the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes; and (5) Person shall include individual, corporation, company, association, partnership, limited liability company, and other business entity.
The premiums that are ongoing should be low enough that the purchaser can keep the policy until he can find a suitable
buyer, which
means that policy should be affordable to the settlement
agency to buy it from you and to sell it to another
buyer.
This
means that the home
buyer must receive some form of counseling or training from an approved counselor or
agency.
The MLB is a City
agency that essentially reclaimed abandoned property throughout the city and allows them for sale for greatly reduced prices if the
buyer can show they have the
means to pay the taxes and improve the property.
Obviously so because here we are still talking about the topic
buyer agency: when it applies, when it should apply, how it's
meant to work, hard to believe, 20 years later in our marketplace.
Whilst I disagree with the rebate scheme that this organization advertises as a
means to attract dual
agency «customer» (vs. «client», as they describe it) business for one of the reasons that Alan M alludes to below (potential misrepresentation vis a vis the seller -
buyer «must transact» the sale - purchase simultaneously) wherein their advertising above it states that «If a seller lists their home with the RedPin.com and at the same time «engages» them to buy a new home,...» (the key word being «engages», which
means to sign a BRA), it will nevertheless be interesting to observe for how long this salaried method of remunerating their sales people will last.
Designated
agency is silly, even though we explain it the
buyers and sellers rarely understand exactly what it
means in law.
No one told the public that the «co-op» amount now showing on the bottom most right hand corner,
meant ONLY the portion of commission being offered (by the «seller») to the
agency successfully producing a
buyer.
It
means NAR will have the ability to fully serve REALTORS ® who wish to practice
buyer agency.»
The NAR Board of Directors» recent approval of negotiations to purchase the Real Estate
Buyer's Agent Council could mean a giant step forward in the REALTOR ® organization's ability to serve the needs of its members who practice buyer ag
Buyer's Agent Council could
mean a giant step forward in the REALTOR ® organization's ability to serve the needs of its members who practice
buyer ag
buyer agency.
What consumers don't realize is that just because they signed an exclusive
buyer agency agreement, that doesn't necessarily
mean that the agent they're working with is a true exclusive
buyer's agent.
A multiple listing service is defined as a facility for the orderly correlation and dissemination of listing information among Participants so that they may better serve their clients and customers and the public; is a
means by which authorized Participants make blanket unilateral offers of compensation to other Participants (acting as subagents,
buyer agents, or in other
agency or nonagency capacities defined by law); is a
means by which information is accumulated and disseminated to enable authorized Participants to prepare appraisals and other valuations of real property; and is a
means by which Participants engaging in real estate appraisal contribute to common databases.