Not exact matches
The products and services described above are
provided solely
on behalf of Fidelity
Brokerage Services LLC.
The products and services described are
provided solely
on behalf of Fidelity
Brokerage Services LLC.
Brokers or dealers executing a portfolio transaction
on behalf of the Funds may receive a commission in excess
of the amount
of commission another broker or dealer would have charged for executing the transaction if the Adviser determines in good faith that such commission is reasonable in relation to the value
of brokerage and research services
provided to the Funds.
He also «directly or indirectly advertised, communicated or offered an incentive that was not
provided by and
on behalf of the
brokerage with which he is registered (three times).
However I have seen advertising where a
brokerage that does
provide a «mere listing» service takes it upon themselves to speak
on behalf of competitor brokers, in terms
of the willingness
of competitor
brokerages to generally be interested in an expired «mere posting» type listing.
In transaction
brokerage, the licensee acts as a neutral third - party assistant that
provides help without acting
on behalf of the customer.
discloses in writing to the managing broker
of the related
brokerage that the licensee will be
providing rental property management services
on their own
behalf in relation to their own real estate.
discloses in writing to the managing broker
of the related
brokerage that the licensee will be
providing rental property management services
on his or her own
behalf in relation to his or her own real estate.
However, a licensee must remember that he or she may only
provide real estate services
on behalf of the
brokerage with which they are engaged.
Section 5 - 12
of the Rules requires that a licensee
providing rental property management services and strata management services must also make disclosure
of any benefits that a
brokerage or licensee anticipates receiving as a consequence
of making expenditures
on behalf of a principal to whom the rental property management or strata management services are being
provided.
Current and former client files, and any confidential information
of those clients, are accessible only to the licensees who currently represent, or in the past represented, those particular clients, and those support personnel in the
brokerage who are involved in
providing services to or
on behalf of those clients.
disclose in writing to the managing broker
of the related
brokerage that the licensee will be
providing rental property management services
on their own
behalf in relation to their own real estate or
on behalf of a corporation in which they are the sole shareholder; and
These rental property management services, like all real estate services, must be
provided in the name
of and
on behalf of a licensed
brokerage.
Only managing brokers, associate brokers, or representatives who are engaged by and licensed to the
brokerage may
provide real estate services
on behalf of the
brokerage.
The Real Estate Division
provides real estate licensing and mortgage
brokerage courses
on behalf of regulatory bodies in British Columbia.
While all members
of the team must be listed as the designated agent, any single member
of the team may execute documents
on behalf of the
brokerage (i.e. all members
of the team are not required to sign the document),
providing the
brokerage maintains a signed team agreement that indicates who has the authority to bind the team.
The individual can not act as an independent contractor
providing services to or
on behalf of the
brokerage.
(a) must not
provide real estate services other than
on behalf of the
brokerage in relation to which they are licensed, and
(3) The fact that a controlling individual is engaged by a personal real estate corporation to
provide real estate services
on behalf of a
brokerage does not affect
(a)
brokerage, being a licensee
on behalf of which other licensees must
provide real estate services;
2.18 (1) Subject to subsection (2), an individual who is employed as a caretaker or manager by a strata corporation, or by a
brokerage that
provides strata management services to or
on behalf of a strata corporation, is exempt from the requirement to be licensed under Part 2
of the Act in respect
of collecting strata fees, contributions, levies or other amounts levied by, or due to, the strata corporation under the Strata Property Act.
10.6 (1) Despite section 7 (1)(b), (3) and (5)
of the Act, a controlling individual may be engaged by a personal real estate corporation to
provide real estate services
on behalf of a
brokerage, and may receive remuneration in relation to those real estate services from the personal real estate corporation, if all the following requirements are met:
Joseph P. Day Realty Corp. v. Chera (308 A.D. 2d 148)- broker's complaint for commissions reinstated where questions
of fact exist as to whether broker was the procuring cause
of a commercial tenant and if there was an implied contract which arose from landlord's acceptance
of the benefits
of broker's services; broker must plead and prove a contract
of employment, express or implied, and in the absence
of an express contract, an implied contract may be established in some cases by the mere acceptance
of the labors
of the broker; broker failed to establish that it was a third party beneficiary
of lease agreement between landlord and tenant where provisions in lease merely
provided for indemnification between the parties and did not expressly set forth that one party would be obligated to pay the broker's commission; indemnification provisions in the lease agreement do
provide evidence
of implied contract
of employment with landlord where landlord agreed to indemnify tenant against
brokerage commission claims from all brokers including plaintiff and where, to the contrary, tenant's reciprocal indemnification excluded plaintiff; triable issues
of fact exist as to whether broker was the procuring cause where broker introduced the parties, showed the space to tenant's representatives, was involved in weekly negotiations with the parties over the lease terms, conveyed offers
on behalf of tenant to landlord and participated in the meeting with the landlord and tenant at which the lease terms were finalized
8 - 7.1 (1) A
brokerage must maintain separate books, accounts and other records with respect to each strata corporation to or
on behalf of whom the
brokerage provides strata management services.
(b) any accounting statements prepared by or
on behalf of the
brokerage that are
provided to clients;
(2) By agreement between the
brokerage and the client, the
brokerage may designate one or more licensees to
provide real estate services to or
on behalf of a client as a designated agent, and in such a case, the duties referred to in section 3 - 3
(3) If trading services are
provided by a licensee who has been designated to
provide those services as a designated agent to or
on behalf of only one party to a trade in real estate, the only remuneration that must be disclosed is the remuneration paid or payable to the licensee's related
brokerage in relation to the services
provided by that licensee to or
on behalf of that party, and the disclosure must be made in accordance with subsection (2).
6 - 2 A
brokerage must not
provide real estate services to or
on behalf of any person who is not a principal in relation to the real estate services unless the person is
Although an individual strata manager is usually assigned to
provide services to the strata corporation, the strata manager is
providing the services
on behalf of the
brokerage.
(a) keep the managing broker informed
of the real estate services being
provided, and other activities being performed, by the associate broker or representative
on behalf of the
brokerage, and
3 - 3 Subject to sections 3 - 3.1 and 3 - 3.2, if a client engages a
brokerage to
provide real estate services to or
on behalf of the client, the
brokerage and its related licensees must do all
of the following:
RESA also
provides that a representative may only
provide real estate services
on behalf of the
brokerage to which the representative is licensed.
Another type
of sole agency, «designated agency», occurs when the
brokerage and the client agree that the
brokerage will designate one or more licensees engaged by that
brokerage to
provide real estate services as sole agent to or
on behalf of the client.
You can not
provide any real estate services unless you are engaged by a
brokerage, and any business that you conduct must be done in the name
of and
on behalf of the
brokerage with which you are engaged.
In addition to a managing broker or an associate broker, a representative
provides real estate services
on behalf of a
brokerage.
In conjunction with the above, the Rules require that: (1) a
brokerage providing strata management services must establish in its service agreement the
brokerage's scope
of authority to sign cheques and make disbursements
on behalf of its strata corporation clients [section 5 - 1 (5.1)(c)(i)-RSB-; and (2) the service agreement include a
brokerage's authority to transfer amounts between
brokerage trust accounts maintained for the strata corporation under section 7 - 9 (2)
of the Rules [section 5 - 1 (5.1)(b)(i)-RSB-; Therefore, the Real Estate Council, when investigating complaints or conducting an audit regarding a
brokerage, will look at service agreements to determine a
brokerage's scope
of authority relative to withdrawal
of funds from trust accounts.
You may only
provide services defined as real estate services in the name
of and
on behalf of the
brokerage with which you are licensed and you may only receive related remuneration that is first paid into the trust
of your
brokerage — never directly.
Mr. Klatik did not keep his managing broker informed
of the real estate services he
provided and the activities being performed
on behalf of the
brokerage, which contravened section 3 - 2 (2)(a)
of the Council Rules.
Section 7
of RESA establishes that individuals licensed to
provide real estate services must
provide those services in the name
of, and
on behalf of, their related
brokerage.
contract with a
brokerage licensed to
provide rental property management services to manage the unit
on behalf of the strata corporation.
This means that Ms. Brown may only
provide appraisal services in the name
of and
on behalf of her related
brokerage, M&M Real Estate Ltd., not the unlicensed Pricepoint Appraisal Services Ltd..
Section 3 - 3
of the Council Rules Subject to sections 3 - 3.1 and 3 - 3.2, if a client engages a
brokerage to
provide real estate services to or
on behalf of the client, the
brokerage and its related licensees must do all
of the following:
In the same way that a
brokerage, in advance
of providing services, discusses with a strata corporation whether the
brokerage will maintain the operating, contingency reserve and special levy trust accounts for the strata corporation, the
brokerage must determine with each section
on whose
behalf management services are
provided whether the
brokerage will maintain the operating, contingency reserve and special levy trust accounts for the section.
The «TO CLIENT DESIGNATED AGENCY» column outlines the duties
of a licensee who has been designated by their related
brokerage to
provide real estate services as a designated agent to or
on behalf of a client.
Licensees are able to represent a developer in their marketing efforts, but these services must be
provided in the name
of and
on behalf of their related
brokerage.
Subject to sections 3 - 3.1 and 3 - 3.2, if a client engages a
brokerage to
provide real estate services to or
on behalf of the client, the
brokerage and its related licensees must do all
of the following:
The
brokerage that receives money in connection with this transaction is authorized to pay such money to the Buyer's conveyancer,
provided that such money is to be held in trust by the conveyancer as stakeholder pursuant to the provisions
of the Real Estate Services Act, pending the completion
of the transaction and not
on behalf of any
of the principals to the transaction, and should the sale not complete, the money should be returned to the
brokerage as stakeholder.
Applicants for licensing who are
providing real estate services under any
of the exemptions listed in the Real Estate Services Regulation (see list below) must either start
providing those services
on behalf of their new
brokerage, or stop acting under the exemption.
The Council reminds any current licensees who may be
providing this kind
of service that all real estate services must be
provided in the name
of and
on behalf of the licensee's related
brokerage.
While licensees can have other jobs or sources
of income unrelated to real estate services, they must not
provide real estate services other than
on behalf of the
brokerage in relation to which they are licensed.