It would certainly be a godsend for David Gibson, of Chesley Real Estate, Lanham, Md., who says many salespeople in his Prince George's County market outside Washington, D.C., still present
contracts on behalf of buyers even though they have no idea whether their prospects can obtain a loan.
Not exact matches
In cases where the seller or
buyer is an entity (corporate title) or trust, lenders will require that the name
of the individual signing
on behalf of the entity be printed and initialed below each signature line
on the
contract.
M v J and V v J: Chris was instructed
on behalf of the
buyers in relation to various disputes arising in relation to the
contracts for the construction
of 2 sister ships.
Assist
buyers in research to determine future home search area, showing homes, negotiate
contracts and assist in all closing initiatives
on behalf of buyer.
They concluded that REALTOR ® X's inducement
of Buyer B by emphasizing that the property might sell quickly (which might well have been true), coupled with her offer to prepare a purchase
contract on Buyer B's
behalf, constituted an initiation
of dealings
on the property by REALTOR ® X, not by
Buyer B.
It is certainly true that members
of the public and real estate licensees may contractually establish a relationship that is not an agency relationship; however, the extensive research conducted by Professor William Foster
on behalf of the ATF confirmed that the courts view the relationship currently established by listing
contracts and exclusive
buyer agency
contracts across Canada (except in the province
of Quebec where the common law does not apply) to be an agency relationship.
A licensee who signs a
contract with you as your
buyer's representative
on behalf of the brokerage will search through listings for you, make appointments, conduct research, and walk you through the entire process
of buying a home.
(4) A licensee who is providing trading services to or
on behalf of a
buyer must provide a notice in accordance with subsection (6) if the licensee is aware that a
contract to be presented to the seller for consideration does not contain a term referred to in subsection (3)(a) or (b).
If the
buyer decides they wish to retain a right to assign the
contract without the consent
of the seller, and instructs you to strike or alter a Standard Assignment Term in the offer you are preparing
on their
behalf, or to add an additional term that would alter the effect
of a Standard Assignment Term, then you must provide the Notice to Seller Regarding Assignment Terms form to the seller or seller's licensee at the same time the offer is presented.
Mr. Jones acts
on behalf of ABC by advertising for sale the apartment block, showing potential
buyers the building, and eventually negotiating a
Contract of Purchase and Sale between Mr. Chan and ABC for the purchase and sale
of the building.
It's also important that real estate brokers and agents may not (unless they have specific authority to do so from their seller and
buyer clients) enter into
contracts on behalf of their principals (their clients).
Here, the evidence supported the jury's finding
of a
contract, as the Salesperson conducted many activities
on behalf of the
Buyers related to the property they purchased, including negotiations as well as working with the inspectors and attorneys involved with the transaction.