Sentences with phrase «principal agent relationship»
Buyer agency is defined as follows: A principal agent relationship in which the broker is the agent for a buyer, with fiduciary responsibilities to the buyer.
http://www.buyersbrokersonly.com/ Not exact matches
The relationship is not one of God and man relating to each other (even if for Rahner man's ability to relate is itself a grace from God) but it is unified in Christ who is God and man: He is the principal agent of the sacraments and He acts directly in each of them.
Does a manager need to approach different principal - agent relationships in different ways?
27.2 The Agreement is not intended to create a partnership, joint venture or relationship of principal and agent between the parties.
In addition to imperfect contracting, a rather muddled principal — agent relationship results as multiple layers of delegation emerge.
Binding Arbitration: ANY CLAIM, DISPUTE, OR CONTROVERSY (WHETHER IN CONTRACT, TORT, OR OTHERWISE, WHETHER PREEXISTING, PRESENT OR FUTURE, AND INCLUDING STATUTORY, COMMON LAW, INTENTIONAL TORT AND EQUITABLE CLAIMS) BETWEEN CLIENT AND Mulcoy Travel, its respective agents, employees, principals, successors, assigns, or affiliates arising from or relating to these terms and conditions, interpretation thereof, or the breach, termination or validity thereof, the relationships which result from the tour (including, to the full extent permitted by applicable law, relationships with third parties who are not parties to these terms and conditions), Mulcoy Travel's advertising, or any related purchase SHALL BE RESOLVED EXCLUSIVELY AND FINALLY BY BINDING ARBITRATION ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION (AAA) under its Code of Procedure then in effect.
No attorney - client relationship is formed with Streff Legal, PLLC or its representatives, principals, or agents until a contractual agreement is confirmed in writing or via acknowledged electronic signature followed up by confirmation per the electronic signature terms or by any other practicable means.
There may also be other consequences for the agent (including in connection with their contractual relationship with the principal).
The concept of a «dependent contractor» relationship was recognized previously by the Ontario Court of Appeal in McKee v Reid's Heritage Homes Ltd. 5 and to determine the relationship, 5 principles are applied, which derive from Belton v Liberty Insurance Co of Canada.6 One of the most significant principles identified in Belton is that of «exclusivity» — whether or not an agent is limited exclusively to the service of the principal.7 The more exclusive the relationship, the more likely a contractor will be found to be a «dependent contractor».8
Implied authority of an agent is the result of authority implied by reason of the agent's relationship with the principal of the principal's business, by reason of custom and usage, and by acquiescence.
To have actual authority, both the agent and the principal must consent to the relationship.
An agency relationship may also be found when the principal negligently allows another person to act as his agent.
Although the regulations offer no formula for calculation, regs 6 and 7 state that an agent is entitled to compensation for: - the damage he suffers as a result of termination of the relationship; and - the damage is deemed to have occurred if the termination takes place in circumstances where: - the agent is deprived of commission which would have been due had proper performance of the agency continued while providing the principal with substantial benefits linked to the agent's activities; and / or - in circumstances which prevent the agent from amortising the costs and expenses incurred in the performance of the agency on the advice of the principal.
Yet the whole aim and object of s. 426 is the protection of the vulnerable principal and the preservation of the integrity of the agent / principal relationship.
ALEXANDRIA, Va., Aug. 4, 2011 — The Big «I» Agents Council for Technology (ACT), Education Convocation and Young Agents Committee will host a presentation by James L. McQuivey, Ph.D., Forrester Research vice president and principal analyst, titled «Welcome to the Era of Experience: How You'll Have to Adapt to a Hybrid Digital / Personal Customer Relationship.»
The court agreed with the trial court that the relationship of the parties was more of a principal / agent relationship.
The West Virginia Supreme Court noted that one of the essential elements of an agency relationship is the existence of some degree of control by the principal over the conduct and activities of the agent.
Good relationships and good results in real estate matters are commensurate with good communication between principals, agents, and cooperating brokers.
In Single Agency (where the Realtor gives «personal representation» to the client), a master (principal) / servant (agent) relationship is established.
The court held that whether an agency relationship arises expressly or impliedly, the agent owes fiduciary duties to the principal.
Agency is a relationship between a principal (seller or buyer) and an agent (broker) who acts on behalf of the principal in dealing with a third party.
Regarding the agency findings, the Court noted that a broker alleging such a relationship must show that the purported principal authorized the broker to act as its agent.
Letsos» second claim was that since a principal / agent relationship existed between New West and Brusha, New West is vicariously liable for Brusha's actions.
The trial court found that the Owner and Wheat were in a principal / agent relationship and also Wheat owed the Owner a fiduciary duty.
As the court explained, under the doctrine of apparent authority, when a principal creates the appearance that a party is its agent, it may not deny the agency relationship if an innocent third party reasonably relied on the apparent agency and as a result, was harmed.
The main issue that the court needed to decide was whether the evidence before the trial court supported the conclusion that the Owner and Wheat were in a principal / agent relationship.
Agency is a legal relationship between a principal (client) and an agent (the broker and salesperson) that arises when the principal delegates authority to the agent to perform acts on the principal's behalf and the agent consents to the delegation.
The definition anticipates that a principal and agent relationship exists when a licensee is engaged by a client.
The agent is considered in law to represent the principal and to bring the principal into legal relationships with other parties.
An «agency» relationship is a voluntary legal relationship in which a licensed real estate broker or principal broker (the «agent») agrees to act on behalf of a buyer or a seller (the «client») in a real estate transaction.
«Fiduciary» means a broker in a relationship of trust and confidence between that broker as agent and the seller or buyer as principal.
As it relates to real estate, under the law of agency, which governs relationships between agents and their principal, the agent must work to protect the «best interests» of their client (the person for whom they are acting as an agent).
The court concluded that no principal - agent relationship was created between the purchaser and the licensee, and therefore, the licensee did not owe a fiduciary duty to the purchaser.
In commercial law, a principal is a person who authorizes an agent to bring about one or more legal relationships (contracts) with a third party.
Agent A party who is authorized to act in the best interests of a principal / client, and is obligated to place the principal's interests before the interests of any other parties, including the agent's own interests regardless of whether the agency relationship is with the seller of the property or the buyer.
On the other hand, because the relationship between the homeowner and the broker resembles a classical principal - agent problem, the broker may not deploy services in ways that promote the seller's interests.