Sentences with phrase «signed on behalf of the brokerage»
RECO CODE OF ETHICS Section: 14 «If a Brokerage enters into a buyers representation agreement with a buyer and the agreement is not in writing, the brokerage shall, before the buyer makes an offer, reduce the agreement to writing, have it signed on behalf of the brokerage, and submit it to the buyer for signature».
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If a brokerage enters into a buyer representation agreement with a buyer and the agreement is not in writing, the brokerage shall, before any buyer makes an offer, reduce the agreement to writing, have it signed on behalf of the brokerage and submit it to the seller for signature.
«writing, have it signed on behalf of the brokerage and submit it to the seller for signature»........
The contracts are signed on behalf of the brokerage under the oversight of the brokerage whether the broker owner likes it or not.
Managing brokers should, therefore, be actively involved in the drafting of the description of services to be used in the contracts and in reviewing the contracts signed on behalf of the brokerage.
Not exact matches
In Ontario, only mortgage brokers and agents licensed with the Financial Services Commission of Ontario (FSCO) can engage in syndicated mortgage transactions on behalf of a brokerage, and only licensed mortgage brokers (not agents) can sign the required investor / lender disclosure statement forms.
They are told verbally at first meeting and confirmed in writing, in my prospectus, that should we decide to work together I will require one on behalf of my brokerage, the reasons why and that a signed agreement will cement our relationship when the time is right.
Although, in many cases, an associate broker or representative is authorized to sign the listing contract or the management contract on behalf of the brokerage, it is important to keep in mind that the listing or management contract binds the brokerage.
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 brokerage / team contract must state the team name, that the team members agree to work together on the team as one designated agent and identify which team members can sign a real estate service agreement (i.e. SDBA) on behalf of all other members on the team.
present and sign (outside of witnessing) any documents relating to a real estate transaction including service agreements and brokerage agreements on behalf of the brokerage;
A licensee who signs a contract with you as your buyer's representative on behalf of the brokerage will search through listings for you, make appointments, conduct research, and walk you through the entire process of buying a home.
This type of error can create issues between the brokerage and the client, in this case a seller, as the brokerage did not have written authority to represent the seller on June 3rd and 4th and may have completed work on their behalf (i.e. listed property on MLS ®, erected a sign on the lawn, etc.).
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.
If a representative is authorized to sign a listing contract on behalf of the brokerage, the representative should sign his or her signature where it states: