Sentences with phrase «made buyer agency»

A few states have even made buyer agency a default position, requiring that a licensee working with a buyer automatically represent the buyer.

Not exact matches

But while the potential is sky - high, broad adoption by corporations and public agencies has been hampered by both slow - moving regulators and buyers» reluctance to make big investments in what remains a technological Wild West, where new partnerships and platforms regularly threaten to reshape the landscape.

Antigovernment populists who deride the Ex-Im Bank as «corporate welfare» or «crony capitalism» so far have won in Congress, blocking reauthorization of the agency and forcing it since June to stop acting as lender of last resort to the foreign buyers of American - made products, from aircraft to car seats.

The U.S. Export - Import Bank (Ex-Im) is a vital federal agency that levels the global playing field by providing financing tools for buyers of American - made products when commercial financing is not available.

But David Morrell, a director of Melbourne buyers» agency Morrell and Koren, said many sellers do not appreciate the market is slowing and have unrealistic expectations of what their properties will make at auction.

The National Council of Higher Education Loan Programs stated in March 2009 that guaranty agencies would not offset state tax rebates of all borrowers who made the required rehabilitation payments and continued to make payments while waiting for a buyer to purchase their loans.

Take advantage of other buyer's experiences and of the research done by consumer agencies to get a leg up on your decision - making.

As an example of an FHA guideline, agency rules state that a home buyer must make a downpayment of at least 3.5 % on a home, save for loans for which the buyer is purchasing a new construction condo.

A Home Buyer Counseling Agency can help make sure your finances are in good shape.

ICFE DCCS ® Independent Study Guide Table of Contents Consumer Financial Protection Bureau to oversee debt collectors Collection agencies and junk debt buyers - Mini-Miranda What to do if a debtor is contacted about past debts Sample cease and desist letter Fair Debt Collection Practices Act Summary from the CFPB Debt that is covered Debt Collectors that are covered Debt Collectors that are NOT covered Debt Collection for Active and Veteran Military Personnel Communications connected with debt collection When, where and with who communications is permitted Ceasing Communication with the consumer Communicating with third parties Validation of debts Prohibited Practices: Harassing or abusive Practices False or misleading representations Unfair Practices Multiple debts Legal Actions by debt collectors Furnishing certain deceptive forms Civil liability Defenses CFPB / FTC staff's commentary on the FDCPA Common debt collector violations How to document a collector's abusive behavior What to do if a collector breaks the law How collectors are trained - examples of collector training courses FDCPA Sample Exam from ACA for Collectors How collectors are using Social Medias in collections Dealing with creditors and third party collectors Other factors for a debtor in collection: Credit reports and scores Reviewing credit reports with debtors - Permissible uses Rules about credit decisions and notices Debtor education about credit reports and FICO scores Specialty Report Providers Rules to protect consumers in credit card debt How to read and understand credit reports How to make changes or dispute accuracy Freezing Credit Files FCRA / FACTA Provisions of ID Theft victims How credit scoring works The Credit Card Accountability and Disclosure Act Credit Rules CFPB rules establish strong protections for homeowners facing foreclosure Other Resources

(1) Before executing a contract or agreement with or receiving money or other valuable consideration from a buyer, a credit services organization shall provide the buyer with a written statement containing: (a) A complete and detailed description of the services to be performed by the credit services organization for the buyer and the total cost of the services; (b) A statement explaining the buyer's right to proceed against the surety bond or surety account required by section 45 - 805; (c) The name and address of the surety company that issued the bond or the name and address of the depository and the trustee and the account number of the surety account; (d) A complete and accurate statement of the buyer's right to review any file on the buyer maintained by a consumer reporting agency as provided by the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling services.

Prohibited acts.A credit services organization, a salesperson, agent, or representative of a credit services organization, or an independent contractor who sells or attempts to sell the services of a credit services organization shall not: (1) Charge a buyer or receive from a buyer money or other valuable consideration before completing performance of all services, other than those described in subdivision (2) of this section, which the credit services organization has agreed to perform for the buyer unless the credit services organization has obtained a surety bond or established and maintained a surety account as provided in section 45 - 805; (2) Charge a buyer or receive from a buyer money or other valuable consideration for obtaining or attempting to obtain an extension of credit that the credit services organization has agreed to obtain for the buyer before the extension of credit is obtained; (3) Charge a buyer or receive from a buyer money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer if the credit that is or will be extended to the buyer is substantially the same as that available to the general public; (4) Make or use a false or misleading representation in the offer or sale of the services of a credit services organization, including (a) guaranteeing to erase bad credit or words to that effect unless the representation clearly discloses that this can be done only if the credit history is inaccurate or obsolete and (b) guaranteeing an extension of credit regardless of the person's previous credit problem or credit history unless the representation clearly discloses the eligibility requirements for obtaining an extension of credit; (5) Engage, directly or indirectly, in a fraudulent or deceptive act, practice, or course of business in connection with the offer or sale of the services of a credit services organization; (6) Make or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit; or (7) Advertise or cause to be advertised, in any manner whatsoever, the services of a credit services organization without filing a registration statement with the Secretary of State under section 45 - 806 unless otherwise provided by the Credit Services Organization Make or use a false or misleading representation in the offer or sale of the services of a credit services organization, including (a) guaranteeing to erase bad credit or words to that effect unless the representation clearly discloses that this can be done only if the credit history is inaccurate or obsolete and (b) guaranteeing an extension of credit regardless of the person's previous credit problem or credit history unless the representation clearly discloses the eligibility requirements for obtaining an extension of credit; (5) Engage, directly or indirectly, in a fraudulent or deceptive act, practice, or course of business in connection with the offer or sale of the services of a credit services organization; (6) Make or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit; or (7) Advertise or cause to be advertised, in any manner whatsoever, the services of a credit services organization without filing a registration statement with the Secretary of State under section 45 - 806 unless otherwise provided by the Credit Services Organization Make or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit; or (7) Advertise or cause to be advertised, in any manner whatsoever, the services of a credit services organization without filing a registration statement with the Secretary of State under section 45 - 806 unless otherwise provided by the Credit Services Organization make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit; or (7) Advertise or cause to be advertised, in any manner whatsoever, the services of a credit services organization without filing a registration statement with the Secretary of State under section 45 - 806 unless otherwise provided by the Credit Services Organization Act.

(2) a statement that the buyer may review his consumer reporting agency file at no charge if a request therefor is made to such agency within 30 days after receipt by the buyer of notice that credit has been denied and if such request is not made within the allotted time, the approximate charge to the buyer for such review;

(1) A credit services organization, its salespersons, agents, and representatives, and independent contractors who sell or attempt to sell the services of a credit services organization may not do any of the following: (a) conduct any business regulated by this chapter without first: (i) securing a certificate of registration from the division; and (ii) unless exempted under Section 13 -21-4, posting a bond, letter of credit, or certificate of deposit with the division in the amount of $ 100,000; (b) make a false statement, or fail to state a material fact, in connection with an application for registration with the division; (c) charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for the buyer; (d) dispute or challenge, or assist a person in disputing or challenging an entry in a credit report prepared by a consumer reporting agency without a factual basis for believing and obtaining a written statement for each entry from the person stating that that person believes that the entry contains a material error or omission, outdated information, inaccurate information, or unverifiable information; (e) charge or receive any money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer, if the credit that is or will be extended to the buyer is upon substantially the same terms as those available to the general public; (f) make, or counsel or advise any buyer to make, any statement that is untrue or misleading and that is known, or that by the exercise of reasonable care should be known, to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing, or credit capacity; (g) make or use any untrue or misleading representations in the offer or sale of the services of a credit services organization or engage, directly or indirectly, in any act, practice, or course of business that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a credit services organization; and (h) transact any business as a credit services organization, as defined in Section 13 -21-2, without first having registered with the division by paying an annual fee set pursuant to Section 63J -1-504 and filing proof that it has obtained a bond or letter of credit as required by Subsection (2).

(3) Make, or advise any buyer to make, any statement that is untrue or misleading, or that should be known by the exercise of reasonable care to be untrue or misleading, with respect to a buyer's credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer has made application for an extension of creMake, or advise any buyer to make, any statement that is untrue or misleading, or that should be known by the exercise of reasonable care to be untrue or misleading, with respect to a buyer's credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer has made application for an extension of cremake, any statement that is untrue or misleading, or that should be known by the exercise of reasonable care to be untrue or misleading, with respect to a buyer's credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer has made application for an extension of credit.

(b) A statement that the buyer may review his or her consumer reporting agency file at no charge if a request is made to the consumer reporting agency within 30 days after receiving notice that credit has been denied; and

(3) Make, or counsel or advise any buyer to make, any statement that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading, or omit any material fact to a consumer reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit with respect to a buyer's credit worthiness, credit standing, or credit capacityMake, or counsel or advise any buyer to make, any statement that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading, or omit any material fact to a consumer reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit with respect to a buyer's credit worthiness, credit standing, or credit capacitymake, any statement that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading, or omit any material fact to a consumer reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit with respect to a buyer's credit worthiness, credit standing, or credit capacity; or

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

Make, counsel or advise any buyer to make, any statement which is untrue or misleading and which is known, or which by the exercise of reasonable care should be known, to be untrue or misleading, to a consumer credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing or credit capacMake, counsel or advise any buyer to make, any statement which is untrue or misleading and which is known, or which by the exercise of reasonable care should be known, to be untrue or misleading, to a consumer credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing or credit capacmake, any statement which is untrue or misleading and which is known, or which by the exercise of reasonable care should be known, to be untrue or misleading, to a consumer credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing or credit capacity.

Effective last December 14, the Federal Housing Finance Agency now allows some first - time buyers to make just a 3 % down payment.

And credit reporting agencies don't exactly make it easy for buyers to get a grip on their credit.

So, to help home buyers who plan to update appliances, replace flooring, replace a roof, paint rooms, and the like, the agency makes available the FHA 203k loan.

(3) To make or to advise a buyer to make a statement with respect to the buyer's creditworthiness, credit standing, or credit capacity that is: (A) false or misleading; or (B) that should be known by the exercise of reasonable care to be false or misleading; to a consumer reporting agency or to a person that has extended credit to the buyer or to whom the buyer is applying for an extension of credit.

While a collection agency would attempt to recover the debt for the lender or creditor for a commission, the debt buyer wants to buy the debt to make a profit.

(4) Make or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buMake or advise a buyer to make a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a bumake a statement with respect to a buyer's credit worthiness, credit standing, or credit capacity that is false or misleading or that should be known by the exercise of reasonable care to be false or misleading to a consumer reporting agency or to a person who has extended credit to a buyer.

Make your choice in Alpha Protocol's Interactive Gameplay Trailer.Will you liquidate the dealer in Moscow, hunt down the buyer in Tapei, or screw with the agency in Rome?

If you have a written agency agreement with each of these buyers, it should specify what you are permitted to do if both want to make an offer on the same property.

Even for properties that sell as is, if buyers are using federally backed financing through the FHA or VA, there needs to be enough of an investment to make sure they pass the agencies» minimum appraisal requirements.

(But remember that your first duty, particularly if you have a signed buyer agency agreement, is to the buyer, so make sure you show all properties that meet the buyer's needs.)

Also I don't know how any one can make it mandatory for any buyer sign a buyer agency agreement.

But the real estate commission, which had imposed a fine on Kenneth Snider of Buyer's Agent Inc., says the case should be heard again because the commission's position makes finer distinctions in agency than the court appears to appreciate, says Norris Price, the commission's director.

He made a name for himself locally as the expert on buyer agency, a hot topic at the time.

RELO defines a managed referral program as «one in which notification of the referral fee requirement is made to the real estate company or associate prior to the execution of a listing agreement or buyer's agency agreement.»

And therefore making it awkward at best to practise buyer agency as per the contract when stated that in fact the buyer will pay?

When a home Seller is counselled to offer a lower than average amount of selling commission to a Cooperating Brokerage, are they being advised as to how this may possibly interact negatively with a prospective Buyer's «Buyer's Agency Contract», and if so, why would such a Seller agree to proceed as such — especially, if they've been made aware of any discounts that may apply to their List Price, later, as a result of extended market time?The aforesaid is fundamental to a fiduciary responsibility — yet, I believe that most Provincial Regulatory Authorities would be reluctant to prosecute such a negligent Registrant or Practitioner because the accused would hide behind the argument they were being wrongly persecuted for offering a «competitive business model»!

The resistance to buyer agency within the industry has nothing to do with the practice itself or with user - friendly laws, but rather with the environment in which salespeople are forced to practice it and with a large population of old - timers, who make up most of the membership and who are reluctant to change anything in their practice.

Regardless of how brilliantly the Realtor makes his disclosures, the client does not give his «informed consent» to Designated Agency until such time as when Realtors inform their future principals (sellers and buyers) that they — even if innocent — will become «vicariously liable» for the Realtor's misconduct and neglects committed in the course of the principal's business, even though only committed for the agent's benefit (the earning of a commission).

In the current reality one form of Agency (Designated) model makes it mandatory for a written Buyer Agency Agreement, and the Common Law Agency models may also require written Buyer Agreements based on office policy, — which would be the smart and professional thing to do because a practitioner shouldn't be showing someone around who isn't a serious, qualified, buyerBuyer Agency Agreement, and the Common Law Agency models may also require written Buyer Agreements based on office policy, — which would be the smart and professional thing to do because a practitioner shouldn't be showing someone around who isn't a serious, qualified, buyerBuyer Agreements based on office policy, — which would be the smart and professional thing to do because a practitioner shouldn't be showing someone around who isn't a serious, qualified, buyerbuyer (s).

When many of us started in the business, some nearly forty years ago that decision was made for us — by the real estate boards, and stayed that way until buyer agency came on the scene and suddenly almost overnight, each local boards of directors under the ministry guides, and CREA and OREA (in Ontario) intervention were told they had to stipulate new rules; they were no longer able to dictate how much would be charged.

Cynthia Curley («Buyer») made an offer to purchase the property, and Adams sent the Buyer a dual agency form asking her to acknowledge that Adams would serve as a dual agent in the transaction.

AND: the buyer has just signed up with an agent under a buyer exclusive agency contract, and this is the very first and only house the buyer sees, falls in love and decides, with no prompting from the buyer agent, to make an offer, fearing the property won't be long on the market and meets all the buyer's wants and needs, and he is okay with the price.

Personally, I don't think anyone including RECO can make it compulsory for buyers to sign agency agreements prior to making an offer.

The only brokers that could make this promise would be an EXCLUSIVE BUYER AGENCY that doesn't take listings but only represents buyers.

In Carolyne's case where the Listing Broker stated he was going to take all the commission if the co-operating broker demanded nothing, the Listing Broker would be correct if the standard listing form was used and he failed to make an addendum or changes (prior to the listing being initially signed) to reflect how buyer agency was being practiced by some members of his association.

The dual agency disclosures for the Brokerage were made by the Listing Broker to both the Buyer and seller.

The bank, the buyers making the offers, and their agents if not of the listing agency should have been notified and given express permission, in writing, to have an unassociated 3rd party review their offers.

Godi says NAR had been exploring the possibility of creating its own buyer agency curriculum and designation, but the agreement with REBAC will now make that potentially very costly move unnecessary.

I have just begun implementing the Exclusive Buyer's Agency into my business and will continue to do so in 2011 to make sure that buyer leads are serBuyer's Agency into my business and will continue to do so in 2011 to make sure that buyer leads are serbuyer leads are serious.

I personally don't think most REALTORS understand agency so how can you expect the consumers to make decisions based on handing their buyers or sellers a piece of paper and say «sign here, this is how I will represent you».

Yet, I made it my business to figure out this «buyer - agency - thing,» if one can even say that, so that when I am «representing» a buyer, I do it whole - heartedly.