Sentences with phrase «party to a transaction owes»

Not exact matches

Finally, whether you're the seller or the buyer in a short - sale transaction, be prepared to wait, especially if there are multiple parties owed money.

In the recent case of Meridian Credit Union Limited v Baig, 1 the Court of Appeal considered the duties owed by various parties to be honest and to not mislead each other during the course of real estate transactions.

If more than two parties participate in a transaction, each involved party has to have available in their wallet, the total amount owed by all parties.

''... if the party that gives convertible virtual currency in trade receives in exchange goods or services that are subject to sales tax, that party owes sales tax based on the market value of the convertible virtual currency at the time of the transaction, converted to US dollars.

In assessing risk, it's crucial that you keep in mind the statutory and ethical duties owed to parties in a real estate transaction in your state.

The term «agency» is used in real estate to help determine what legal responsibilities your real estate professional owes to you and other parties in the transaction.

Although you may represent only one party in a real estate transaction, you should recognize that you may nonetheless owe the other party a fiduciary duty with respect to deposited funds.

Agency is a term used in real estate to identify the type of service your real estate agent owes to you and other parties in the transaction.

In real estate the definition is often applied to the honest and ethically fair care that must be given to the third party in a transaction, as opposed the the higher and stricter fiduciary duty a REALTOR ® owes to the principal of the transaction.

An agent who represents only the seller owes the following affirmative duties to the seller, the other parties and the other parties» agents involved in a real estate transaction:

To be loyal to the Clients interests by placing those interests before all others in negotiation of a real estate transaction and in other activities, except where such loyalty duty would violate the Licensee's duties owed to all the parties in the To be loyal to the Clients interests by placing those interests before all others in negotiation of a real estate transaction and in other activities, except where such loyalty duty would violate the Licensee's duties owed to all the parties in the to the Clients interests by placing those interests before all others in negotiation of a real estate transaction and in other activities, except where such loyalty duty would violate the Licensee's duties owed to all the parties in the to all the parties in the tr

Essentially, the agent is a neutral party in the middle to facilitate the transaction and owes both parties limited confidentiality.

The Consumer Financial Protection Bureau, which revised longstanding closing procedures last year under an initiative it calls Know Before You Owe, said today it understands that it's customary for real estate sales associates, brokers, and other third - party service providers to receive copies of the closing disclosure that goes to the customers during the transaction.