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On a exclusive agency does the agency get the listing and selling commission even if another agency sells?
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.
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.
Is a real estate broker still entitled to a commission after an offer is rescinded?
no
Who is a broker?
A broker is the third person facilitator between a buyer and a seller. An example would be a Real Estate Broker who facilitates the sale or purchase of a property. A broker may also act on behalf of either the buyer or seller. An example would be a Stock Broker who makes the sale or purchase of securities on behalf of his client who is either buying or selling a security.Here is a list of several different types of brokers:Business brokerCommodity brokerConstruction equipment brokerForex BrokerInsurance brokerInvestment brokerMortgage brokerReal estate brokerRigs brokersShip brokerStock brokerYacht charter brokersCapacity brokerOff Business brokerMarriage broker
Does broker have to notify Buyer 1 of Backup offer?
They should if they can bump you because of it but it depends on your agreement's wording. Some sellers will take a cheaper back up offer if they can and they have to wait on you and don' want to.
What are the steps in buying and selling shares?
One can start by approaching a broker. One must sign a client agreement form. One must then open up a demat account. The client deposits money with the broker, and then the broker buys the shares for the client. The shares are stored in the demat account. When the client wants to sell, the broker has to sell for the client.
What services do a stock broker provide?
Execution-only, which means that the broker will only carry out the client's instructions to buy or sell. Advisory dealing where the broker advises the client on which shares to buy and sell, but leaves the final decision to the investor. Discretionary dealing... the stockbroker ascertains the client's investment objectives and then makes all dealing decisions on the client's behalf. In addition to actually trading stocks for their clients, stock brokers may also offer advice to their clients on which stocks, mutual funds, etc. to buy.
A is a person who buys and sells securities for client?
A Stock Broker.
What are the implications for the life assurer life office and the broker in the event of an intermediary who is an independent broker advising the client incorrectly?
If the intermediary is an independent broker, then liability lies with the intermediary.
What services are typically provided by a factoring broker?
A factoring broker helps a business to manage its cash flow. A broker gathers information about a business's client list, size and then seeks out quotes from the suitable lenders.
What would a person use a website broker for?
A website broker is a middleman who offers to sell a website on behalf of a client. The services they offer include valuing a website, setting a marketing strategy, demonstrate the website to potential buyers, help with due diligence and negotiations, deal with the paperwork and provide after sales support.
Difference between a stock broker and a stock dealer?
BrokersA broker's primary service is to buy and sell stocks on an exchange for members of the investing public who wish to own part of a company. When anyone decides to participate in the stock market, a broker is usually the first place they go. An account is set up for the client through which she trades stocks. The broker accepts stock orders from the client and then executes these directly on the exchange. A business that engages solely in broker services interacts with the stock market for its clients only. Every transaction made affects a client's account. For this reason, a broker is often referred to as an "agent." DealersA stock market dealer trades equities under its own name. The business itself maintains stock holdings that are not in the name of any client. The dealer may actually be a client of another broker, so as to trade these stocks for its own account. However, unlike a "trader," which maintains her own account with a broker that affects no one else, a "dealer" may use its portfolio to offer services to the public. "Market makers" are dealer businesses that continuously buy or sell certain securities from the public, using their own holdings for these transactions. Thus they are in the business of dealing securities independent of an exchange Read more: http://www.livestrong.com/article/121443-difference-between-broker-dealer/#ixzz29Pxln8C1
Where can one find reviews on the cheapest online broker?
There are many different sites that offer reviews on the cheapest online broker. Some examples of sites that offer this type of information include Fool, Daily Reckoning, and Online Broker Guide.
On a exclusive agency does the agency get the listing and selling commission even if another agency sells?
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.
What is the role of a stock trading broker?
A stock trading broker's role is to buy and sell stocks and securities on behalf of someone else for a fee. A stock broker must have a professional designation depending on what securities they are selling and what services they provide their client.
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.
Is a real estate broker still entitled to a commission after an offer is rescinded?
no
