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Who may represent both the buyer and the seller in a transaction?
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Is a real estate contract considered completed after all addendums have been signed?
Not necessarily. It's going to depend on the terms and conditions of both the contract and the addendum. Moreover, completion doesn't actually occur until the transaction "closes" and title is transferred from the seller to the buyer.
I am Middleman for foreign Seller who have agreed to pay me commission after complete the business transaction how to ensure my commission being paid to me in my country?
Make sure you make both sign NCNDA but don't include IMFPA together with the NCNDA. Prepare a seperate IMFPA specially for the seller. This will hide the actual price from the buyer. drop me an email neo@tradexcellence.com I will forward you a sample...cheers!
Is a real estate agent a party to the transaction?
Usually a real estate agent is not a party to the transaction, unless that agent is either the seller or buyer or has an interest in either side. The fact that he may be representing either the buyer or seller or even both does not make him or her an interested party in the agreement. Most states real estate laws clearly state that should an agent have an interest in either side of the tranaction then both parties must be notified for that interest. Thats why you often see and agent sellling his own home, even as a for sale by owner, the advertising and signs should mention that the home is agent owned. Its all about ethics more than the law. From www.zerotorealestatehero,com
What do business brokers do?
Business brokers job is to help both the buyer and seller in the selling process. They can just be one person or a firm in most cases.
What is a disclosed dual agency in real estate?
In the US, although regulated by individual states,dual agency must be disclosed to all parties in the transaction. Undisclosed dual agency may result in a loss or suspension of a real estate license. For example, Agent A and agent B both work for Remax DC. If Agent A has a buyer who writes an offer on Agent B's listing there is dual agency (assuming that Ahas a buyer's agency agreementand B has a listing agreement) because both buyer and seller have an agency relationship with Remax DC as the principal. This is perfectly legal as long as all parties are aware and give their consent.
Who does a Real estate agent represent?
either the buyer or seller of a property There are several types of representation that a real estate agent may be hired to perform. The agent can be retained in a single agency representation to represent the seller or as a buyer-agent representing the buyer. Single agency results in a fiduciary relationship to either the buyer or seller, but not both. Dual agency is where the real estate agent owes a fiduciary relationship to both parties and is not permitted in many states. A real estate agent can also be retained to provide what is called transaction brokerage whereby they do not represent either the buyer or the seller but instead performs services to facilitate the transaction and would be bound to treat both parties fairly but does not owe a fiduciary relationship to either. When retaining the services of a real estate agent inquire as to the nature of their representation and who they in fact represent. Keep in mind that as their representation of a particular party to the transaction evolves, the representation obligations and fiduciary duties may change. It is obligation of the real estate agent to disclose in establishing a relationship and also if and when it changes during the transaction.
In dual agency who pays the closing cost in a purchase transaction?
Dual agency occurs when one broker or salesperson represents both parties to a transaction, or when two salespersons licensed to the same broker each represent a party to the transaction. Closing costs are a negotiable item between the buyer and the seller in the purchase agreement.
What happens when demand meets supply?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
How is the conversation between a mobile seller and a buyer?
The people who use mobility to sell products usually have a buyer and a seller that agree on a price. The next step is to set a meeting place and a time that is comfortable for both. Then, the buyer and seller exchange money and product and go their separate ways. In many cases it is a totally anonymous transaction.
What will happen to the prices in the market if the supply and demand meet at the equilibrium?
Transaction happens when supply and demand meet. Both sides (a seller and a buyer) meet their needs: a seller gets money for its products (now he can manufacture next products) and a buyer gets product he needed.
Which type of bond would provide the most price stability?
You need one that is symmetrical. This allows the price and the demand to be equal and both the buyer and seller to be satisfied with the transaction.
Which of these statements is trueThe employee and employer both assume the role of the buyer?
The employer usually assumes the role of the buyer, and the employee assumes the role of the seller.
Is it true or false that a person can be both a buyer and a seller?
True
Does the buyer or seller gets the bill of sale?
Both get a copy.
What is the meaning of bank term blue screen?
blue screen is a term used by banks, generally used in large sales between buyer and seller in assisting in moving of funds. ex. buyer proves they have the funds necessary to complete transaction through there banker and a code, seller proves they have there product through there banker and codes. once contracts are signed both bankers exchange codes verify funds and products and open a account in the name of the seller and BANG! transaction complete....
What is the difference between a listing office and a selling office in real estate?
Listing office is the real estate brokerage that employs the Realtor that represents the seller and the the selling office is the real estate brokerage that employs the Realtor that represents the buyer. Depending on the state the one office can represent both seller and buyer.
How is wheat measured By the bushel or by the ton?
Both. It just depends on how the seller and the buyer want to do the transaction. The US Department of Agriculture measures it by the bushel when they are talking about domestic production, and by the metric ton when they are talking about world production.
