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Can real estate broker advise client on the legal aspect of the contract?
In many states it is against the law to practice law if you are not a licensed attorney. A real estate broker should not be giving legal advice even if they have a law degree. There would be a conflict of interest. A prudent buyer should not rely on legal advice from a real estate broker. Legal advice should be obtained from an attorney who is paid to represent you and you alone. Although it rarely happens, your attorney should review contracts before you sign them. Unfortunately, an attorney more often gets involved after the binding contract has been signed and the buyer has hit a snag.
What do the letters LLB stand for after a lawyer's name?
The i-LLB Law Degree can be completed online, allowing you to earn a legal qualification whenever it is most convenient for you. LLM (Master of Laws) (Master of Laws).
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
Where can one find a structured settlement broker?
A structured settlement broker is also known as an annuity broker. They are trained in facilitating a payout schedule for settlements. You can find a broker at your nearest law office.
What is the legal term for someone who sells your stuff?
A sales representative. A broker.
Is a mortgage legal if the broker was not licensed at the time of the closing?
No the Broker was not legal to perform business; unless the Mortgage Banker is working with another lending institution that is licensed. Check their references before moving forward.
Can a realtor transfer their listings to another Broker firm?
can a salesperson take his listing to anther broker? will the salesperson be violating law
What are the real estate laws in Georgia?
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
Who is the principal of a common law insurance broker in an insurance transaction?
Insurer
Is it legal to collect a finders fee from a mortgage broker?
Yes, you can collect a finders fee from a mortgage broker. Gifts and money are exchanged in this situation all the time.
What does a Broker In Charge do?
A Broker-In-Charge is basically the supervisor or manager of the real estate office. By law, every real estate office must have an appointed Broker-In-Charge, also called a BIC for short.
Is forex is a legal business?
Trading forex is legal and for most cases is not different from trading stocks (though you should check the law in your own country). There are some firms that present themself as forex brokers and are involved in illegal activity. Check if the broker is legit before opening an account!
