Designated agents (also called appointed agents) are chosen by a managing broker to act as
an exclusive agent of the seller or buyer.
Designated agency has been legislatively created in many states, allowing the management of a brokerage to establish an office policy, whereby the managing broker appoints, or designates, one licensee associated with that brokerage to act as the exclusive agent of the buyer and another to act as
the exclusive agent of the seller.
Not exact matches
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.
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This expansion
of mandatory arbitration drew criticism from the National Association
of Exclusive Buyer Agents, which complains that the new procedure favors traditional practitioners at the expense of exclusive buyer's agents who represent only buyers and never
Exclusive Buyer
Agents, which complains that the new procedure favors traditional practitioners at the expense of exclusive buyer's agents who represent only buyers and never se
Agents, which complains that the new procedure favors traditional practitioners at the expense
of exclusive buyer's agents who represent only buyers and never
exclusive buyer's
agents who represent only buyers and never se
agents who represent only buyers and never
sellers.
It is a violation
of the Code
of Ethics to solicit a
seller who is already bound to an
exclusive listing agreement with another
agent.
He or she gets paid double for doing virtually none
of the things they would do if they were an
exclusive buyer's or
seller's
agent.
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to appeal den., 95 N.Y. 2d 755)- broker entitled to commission where broker entered into an
exclusive right to sell agreement with
seller that provided for a two month protection period where broker would be entitled to a commission if it showed the house to the prospective buyers who signed a contract
of sale within the two month period; undisputed that
sellers entered into a contract
of sale within the protection period and broker establishes that it showed the house during the term
of the listing by affidavits from two
of its
agents which were confirmed by records maintained by the listing broker showing that those two
agents had signed out the key to the house on the dates in question
The property might be unique, very special, that will appeal to a large number
of buyers, and an
agent might see an open listing as the only solution because the
seller will not agree to an
exclusive right - to - sell listing.
Broker represents the
seller / owner on Broker's own
exclusives, except if another
agent of Broker represents the buyer / tenant, in which case Broker will be a dual
agent with designated
agents representing
seller / owner and buyer / tenant.
In the Certified Listing Agent course, Pat sits down with eight
of the world's top listing
agents and has them do their
exclusive presentation as if Pat was a motivated
seller who is interviewing multiple real estate
agents.
According to the Massachusetts Board
of Registration, «a dual
agent can not satisfy fully the duties
of loyalty, full disclosure, obedience to lawful instructions which is required
of an
exclusive seller or buyer
agent.»
79 DOS 99 Matter
of DOS v. Pagano - disclosure
of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice
of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof
of proper service; DOS has jurisdiction after expiration
of respondents» licenses as acts
of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide
seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using
exclusive right to sell listing agreement without mandatory definitions
of «
exclusive right to sell» and «
exclusive agency»; broker breaches fiduciary duties to
seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to
seller by referring
seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect
seller's interests; improper for broker to use listing agreements providing for broker to retain one half
of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part
of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice
of law in preparing contracts for purchase and sale
of real estate which did not contain a clause making it subject to the approval
of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms
of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts
of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have
seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit
of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual
agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope
of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof
of payment
of sum
of $ 2,000.00 plus interests for deposits unlawfully retained
''... a buyer's broker is prohibited from disclosing to a
seller that the buyer can, or will, pay more than what has been offered... To «eliminate conflict
of interest,»
exclusive buyers»
agents do not take listings»
The sales team
of Scot Hirschfield, Shimon Shkury, Jason Gold, and Victor Sozio, served as
exclusive agents for the
seller, a private investor, and procured the buyer, a local investor.
The sales team
of Daniel Tropp, Jonathan Berman, and Mark Spinelli served as
exclusive agents for the
seller, a private investor, and procured the buyer, also a private investor.
Why should an
agent be forced to compete for Google status, when it is really the will
of their
seller that their listing
agent is an
exclusive listing
agent?
Findings from a new,
exclusive survey
of more than 300 licensed residential real estate
agents by the Consumer Reports National Research Center point to certain factors, such as smart pre-sale fix - ups and negotiable
agent fees, that can financially benefit both
sellers and buyers.
REALTORS ®, acting as
exclusive agents or brokers
of sellers / landlords, establish the terms and conditions
of offers to cooperate.
The National Association
of Exclusive Buyer
Agents (NAEBA) is an organization
of real estate professionals who have chosen a business model that requires that they represent only home buyers, never
sellers.
But you can access realtor.ca just as any member
of the public can, and acquire information that way, call the listing
agent and ask if he will co-operate with you (treating the listing in this case as an
exclusive right to sell — and he will have a document signed to say so, so you both are protected)... but let me get this straight, please... you want to be able to communciate, for example, directly with MY
seller client?