Sentences with phrase «engaged by a brokerage»

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.

For example, a licensee engaged by a brokerage may be representing two buyers interested in buying the same property.

The managing broker holds office meetings with associate brokers and representatives engaged by the brokerage.

In other words, the obligations of a representative apply to every licensee licensed as a representative or an associate broker regardless of the manner in which they are engaged by the brokerage.

Licensees engaged by their brokerage to represent clients with conflicting interests do not communicate with or to their colleagues, directly or indirectly, intentionally or inadvertently, any confidential information.

When compared to brokerage agency where all licensees engaged by a brokerage assume the agency obligations of the brokerage in relation to each of its clients, designated agency allows for clients to continue receiving full representation in in - house transactions where different designated agents separately represent their respective clients.

A brokerage may develop a «due diligence» checklist and provide it to all licensees engaged by the brokerage to guide them when representing sellers or buyers.

In designated agency, the brokerage and its clients agree that one or more licensees engaged by the brokerage will be designated to act as sole agents on behalf of each client.

(i) establishing restrictions and conditions, including establishing conditions under which such an individual is deemed to be engaged by a brokerage, and

(b) the related licensees who are licensed in relation to that brokerage and engaged by the brokerage at the time of that reinstatement,

(b) reinstate the licence with necessary amendment if the person is engaged by another brokerage.

(b) if any related managing broker, associate broker or representative ceases to be engaged by the brokerage, and the reasons for this;

The managing broker must be in active charge of the business of the brokerage and must ensure that there is an adequate level of supervision of the licensees engaged by the brokerage.

Another type of sole agency, «designated agency», occurs when the brokerage and the client agree that the brokerage will designate one or more licensees engaged by that brokerage to provide real estate services as sole agent to or on behalf of the client.

You can not provide any real estate services unless you are engaged by a brokerage, and any business that you conduct must be done in the name of and on behalf of the brokerage with which you are engaged.

In brokerage agency, limited dual agency can occur when the same licensee engaged by the brokerage represents the buyer and seller, or where different licensees engaged by the same brokerage represent the buyer and the seller.

Under the general direction and supervision of the brokerage or a licensee engaged by that brokerage, an unlicensed assistant may:

Two signatures are required to authorize a withdrawal from a CRF or SL trust account; but a managing broker may delegate this authority pursuant to section 7 - 9 (6) of the Council Rules to another licensee, a director or an officer of the brokerage, or to another person employed or engaged by the brokerage who is authorized to practice as a lawyer, a certified general accountant, a chartered accountant or a certified management accountant.

In brokerage agency, it is the brokerage that is the agent of the client, and all licensees engaged by that brokerage automatically assume the same agency obligations as the brokerage in relation to that client.

i. establishing restrictions and conditions, including establishing conditions under which such an individual is deemed to be engaged by a brokerage, and ii.

Under the general direction and supervision of the brokerage or a licensee engaged by that brokerage:

With the approval of the brokerage or a licensee engaged by that brokerage, an unlicensed assistant may:

Under designated agency, a brokerage and its clients agree that different licensees engaged by that brokerage may be designated to act as sole agents on behalf of clients whose interests may conflict.

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.

As authorized on a case - by - case basis by the brokerage or a licensee engaged by that brokerage, an unlicensed assistant may:

Similarly, under brokerage agency, when a licensee engaged by a brokerage acts as a buyer's agent, the brokerage is appointed as the agent of the buyer, and all of its related licensees assume the agency obligations of the brokerage in relation to that buyer.

One type of sole agency, «designated agency», occurs when the brokerage and the client agree that the brokerage will designate one or more licensees engaged by that brokerage to provide real estate services as sole agent for the client.

Not exact matches

In a June 2016 ruling, the Competition Tribunal found that TREB, by not including sold and other data in its virtual office website (VOW) feed, had engaged in anti-competitive acts that had «a considerable adverse impact on innovation, quality and the range of residential real estate brokerage services that likely would be offered in the GTA» without TREB's restrictive rules.

Before any of you doth protest too much about this conclusion, let me explain the rationale for my inclusion of diversification strategy among the other much better known systemically fraudulent practices regularly engaged in by big commercial brokerage firms and banks.

Notably, while advisors and their clients might engage with a life settlements provider directly to facilitate the sale of a policy (and thereby save money by eliminating the brokerage fees), the provider will function solely to purchase the policy themselves (or not), and would not obtain competing quotes from other potential buyers / investors (as that is the job of the life settlement broker).

In the case, RE / MAX alleged that northeastern Ohio megabrokerages Realty One and Smythe Cramer were engaged in monopolistic and conspiratorial tactics by adversing — reducing from prevailing standards — commission splits in transactions involving certain salespeople and brokerage companies.

In a June 2016 ruling, the Competition Tribunal found that TREB, by not including sold and other data in its virtual office website (VOW) feed, had engaged in anti-competitive acts that had «a considerable adverse impact on innovation, quality and the range of residential real estate brokerage services that likely would be offered in the GTA» without TREB's restrictive rules.

Also in April the Farm Credit Administration denied an application by a farm credit lender to engage in farm management; NAR analysts saw the FCA decision as a test case in the association's continuing effort to block large banks from entering real estate brokerage and management.

This «magazine» does however, promote Realtors who «make a difference» every day by publishing all of the good works that many, many brokerages across Canada engage in to the betterment of their respective communities, something that I, at least, have not noticed many so - called «discount firms» engaging in themselves.

A: Article 16 of the Code of Ethics protects exclusive agreements between brokers and clients by providing that: «REALTORS ® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS ® have with clients.»

AIM: Would permit financial holding companies of national banks to engage in real estate brokerage and management by declaring such activities financial in nature.

The ATF considered designated agency to be a positive alternative to in - house dual agency when there is a licensee acting as sole agent for the seller, another licensee engaged by the same brokerage who is acting as sole agent for a buyer, and the buyer becomes interested in the property offered for sale by the seller.

Simply put, when such a brokerage advertises for new listings by leveraging off of the MLS brand and has the intention of keeping all of the commission stated for themselves (save 1 token dollar for a cooperating brokerage), are they not clearly engaging in misleading advertising?

By engaging with her clients via social media, Jennifer Bunker has found success with her own virtual brokerage.

If a prospective buyer is represented by any other industry member engaged by either brokerage, transaction brokerage would not be necessary.

Only managing brokers, associate brokers, or representatives who are engaged by and licensed to the brokerage may provide real estate services on behalf of the brokerage.

Susie Seller, who is represented by a licensee engaged by XYZ Realty Ltd, has agreed to pay a total commission of $ 10,000, with $ 5,000 to be paid to a brokerage representing the buyer (LMN Realty Ltd.).

This means that they may not be employed or engaged by anyone other than their related brokerage to provide real estate services.

The most likely candidate for this temporary delegation of managing broker responsibilities would be another managing broker, or an experienced associate broker or representative, engaged by the same brokerage.

RESA provides that licensees are to be licensed to, and engaged by, a single brokerage.

When a brokerage is engaged by a client to provide real estate services, certain duties are owed to that client.

(b) the related licensee is licensed in relation to, and engaged by, the brokerage at the time of that reinstatement,

(3) The fact that a controlling individual is engaged by a personal real estate corporation to provide real estate services on behalf of a brokerage does not affect

Each broker shall preserve at least one legible copy of all books, accounts, and records pertaining to her or his real estate brokerage business for at least 5 years from the date of receipt of any money, fund, deposit, check, or draft entrusted to the broker or, in the event no funds are entrusted to the broker, for at least 5 years from the date of execution by any party of any listing agreement, offer to purchase, rental property management agreement, rental or lease agreement, or any other written or verbal agreement which engages the services of the broker.

10.6 (1) Despite section 7 (1)(b), (3) and (5) of the Act, a controlling individual may be engaged by a personal real estate corporation to provide real estate services on behalf of a brokerage, and may receive remuneration in relation to those real estate services from the personal real estate corporation, if all the following requirements are met: