Sentences with phrase «recognizing agency representation»
This issue is not so much about federal regulations or inconsistencies between state laws and RESPA so much as is about HUD recognizing agency representation for the borrower as a compensable service, fair and equal application of RESPA to all costs (including borrower's broker), and a formal acknowledgment that some brokers are intermediaries that sell access to money while others are fiduciaries.
http://www.fhaloanpros.com/ Not exact matches
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As used in this Code of Ethics, «client» means the person (s) or entity (ies) with whom a REALTOR ® or a REALTOR ®'s firm has an agency or legally recognized non-agency relationship; «customer» means a party to a real estate transaction who receives information, services, or benefits but has no contractual relationship with the REALTOR ® or the REALTOR ®'s firm; «prospect» means a purchaser, seller, tenant, or landlord who is not subject to a representation relationship with the REALTOR ® or REALTOR ®'s firm; «agent» means a real estate licensee (including brokers and sales associates) acting in an agency relationship as defined by state law or regulation; and «broker» means a real estate licensee (including brokers and sales associates) acting as an agent or in a legally recognized non-agency capacity.