Sentences with phrase «nonagency relationship»

Also called a «facilitator» or «statutory broker» in some states, these terms refer to real estate professionals who enter into a nonagency relationship with their clients that is governed by statutorily - defined duties.

Generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.

A transaction broker (sometimes referred to as a facilitator) is permitted in states where nonagency relationships are allowed.

Over the past several years, the number of states permitting nonagency relationships between licensees and consumers has grown slowly but steadily.

Many states now recognize nonagency relationships, and many more are considering them.

Not exact matches

In a few states, brokers can form transactional (nonagency) relationships.

With all the excitement over the nonagency - type relationship, such as facilitator, please print an article on the pitfalls of such relationships.