This could all be at
the same brokerage house, to make the reporting and other logistics relatively easy.
Not exact matches
I checked with Charles Schwab and TD Ameritrade, and both
brokerage houses have the
same policy — if you contact them within thirty days of the split, you can have the cash distribution reinvested if the volume of shares traded daily exceeds 10,000 for liquidity purposes.
The different
brokerage houses (Vanguard, Fidelity, Schwab, and TD Ameritrade) all use the
same or similar indexes to construct their funds.
The thinking in the law firms was the
same as the thinking in the banks and
brokerage houses: let's make more and more, and more peons, workers, will help us do it.
That's like saying that if I had sold my
house through a Realtysellers
brokerage that I would have netted more money than I did as the result of selling
same via a CREA approved
brokerage.
The listing allegedly in violation of the Federal Fair
Housing Act was not Launiere's but rather another practitioner in the
same brokerage, and it showed up on his site because of the IDX feed from his MLS.
The ATF considered designated agency to be a positive alternative to in -
house dual agency when there is a licensee acting as sole agent for the seller, another licensee engaged by the
same brokerage who is acting as sole agent for a buyer, and the buyer becomes interested in the property offered for sale by the seller.
The
brokerage would not start out, as it does today, as the sole agent for one of the parties, with every licensee engaged by the
brokerage taking on the
same status, and then have to strip away many of its agency obligations (and simultaneously stop being able to provide the agency services it initially offered) to become an impartial dual agent in an «in -
house» transaction.
Also note that the Fair
Housing Act makes it illegal for anyone in a
brokerage office to be designated as the associate who automatically services all clients who are of the
same ethnic or racial background as the associate.
If clients want additional open
houses, they have to cover the costs and the marketing (at the
same rate the
brokerage has negotiated with the local newspaper and other media).
The alternative is for
brokerages to adapt their in -
house systems for
same.
Therefore, they are able to maintain that agency relationship, even in an «in -
house» transaction, as long as both buyer and seller are represented by two different designated agents within the
same brokerage.
Designated agency allows two clients who have engaged the
same brokerage to have independent representation by their respective designated agents, eliminating the occurrence of «in -
house» limited dual agency where the interests of those clients are in conflict, e.g. they wish to negotiate in relation to the
same property.
The
same thing applies for «For Sale» lawn signs.The name of the listing agent and
brokerage office on the sign is a person already contracted to the seller to get the highest and best offer and highest net proceeds.The
same motives of an open
house agent applies even more so in this case.
With proper practice, including not sharing the confidential information of their respective clients, designated agents engaged by the
same brokerage are able to avoid many of the conflicts that can arise under limited dual agency with respect to these types of «in -
house» transactions.