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Insurance broker procures life business under his allotted agency code and is paid commission by the insurance company on such business.

Q: What is the nature of an insurance broker?
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Insurance broker procures life business under his allotted agency code and is paid commission by the insurance company on such business.

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The Exclusive Agency listing authorizes the listing broker, as exclusive agent, to offer cooperation and compensation on blanket unilateral bases, but also reserves to the seller the general right to sell the property on an unlimited or restrictive basis.

Unless the buyers agency is a member within the same Multiple Listing Service, the buyers agent should be certain to get a commission agreement in writing from the listing broker, prior to writing an offer to purchase. Without this agreement, the listing broker does not have to pay out a coop commission.

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You have to take 50 hours training and there after that give the exam and obtain the licence from IRDA to open up the agency. For further assistance call:- 9899024384

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Every Real estate law involves the preparation and negotiation of numerous legal documents.

Required disclosure by Georgia Real Estate Law, Brokerage Relationship in Real Estate Transactions Act (BRRETA), to make sure that you are clear on how you can be represented by a Real Estate Broker or affiliated sales person hereafter referred to as "Broker" in Georgia.

1. SELLER AGENCY

2. BUYER AGENCY

3. DUAL AGENCY

4. TRANSACTION BROKER

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Yes if they are a broker. You will always see a broker fee from your agent and they a fee from the insurance company

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