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Who pays a oil broker his fee?
An oil broker typically receives their fee from the party that they represent in a transaction, which can be either the buyer or the seller of the oil. The fee structure may vary based on the agreement between the broker and their client, and it can be a flat rate or a percentage of the transaction value. In some cases, the fee might be split between both parties involved in the deal.
What is reverse give up agreement?
A reverse give-up agreement is a contractual arrangement in the financial industry where a broker-dealer agrees to execute trades on behalf of another broker-dealer but allows the latter to retain the client relationship and handle trade settlement. This arrangement is often used to facilitate trading for clients who may not have direct access to certain markets or products. The executing broker typically charges a fee for these services while maintaining anonymity for the client. It helps streamline trade execution while allowing firms to leverage each other's strengths.
What does broker fee mean?
A broker fee is a charge paid to a broker for their services in facilitating a transaction, such as real estate, investments, or loans. This fee compensates the broker for their expertise, time, and resources in connecting buyers and sellers or negotiating deals. Broker fees can vary widely depending on the industry, the complexity of the transaction, and the specific agreement between the broker and the client. It's important for clients to understand these fees upfront to avoid unexpected costs.
How soon after closing on a house do you have to make the first mortgage payment?
Usually this information is in your agreement (the "Note"). Typically if you close in May, your first payment will be in July. You can call your mortgage company for the information, or check in with the bank or broker where you got your loan.
What does a hard money broker do?
A hard money broker is usually a short term money lender. This broker will typically offer loans without the usual credit checks, although these are often at high interest rates.
What type of agency does an agreement between a real estate broker and a homeowner establish?
An agreement between a real estate broker and a homeowner typically establishes a fiduciary agency relationship, where the broker acts on behalf of the homeowner in the sale or lease of their property. This relationship obligates the broker to act in the best interests of the homeowner, providing loyalty, full disclosure, and confidentiality. The specific terms of the agency can vary, depending on whether it is a listing agreement, exclusive right to sell, or other types of agreements.
What is the average real estate commission in Florida?
In Florida, real estate commissions is being negotiated between the principal (seller or buyer) and real estate broker during exclusive listing appointment or when representing a buyer through an exclusive buyer's broker agreement.
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 do you become share sub broker in India?
For becoming share sub broker in India you have to sign a sub broker agreement with wellindia.
How would you use exclusive in a sentence?
Generally, you give a real estate broker an exclusive right to sell your property.
Who does a real estate listing agreement belong to?
The listing agreement belongs to the broker of the firm you listed with.
What is duration of listing in an exclusive listing between broker and seller?
90 days nig
Do you need a license to work as a business broker?
Yes, in most states, you need a license to work as a business broker. Requirements vary by state, but typically involve passing an exam and meeting certain education and experience criteria. It is important to check the specific licensing requirements in your state before working as a business broker.
Can a real estate broker refuse a commission to an agent who has a signed sales agreement?
Yes, if the agent has violated any component of their Independent Contractor's Agreement.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
What is reverse give up agreement?
A reverse give-up agreement is a contractual arrangement in the financial industry where a broker-dealer agrees to execute trades on behalf of another broker-dealer but allows the latter to retain the client relationship and handle trade settlement. This arrangement is often used to facilitate trading for clients who may not have direct access to certain markets or products. The executing broker typically charges a fee for these services while maintaining anonymity for the client. It helps streamline trade execution while allowing firms to leverage each other's strengths.
What does broker fee mean?
A broker fee is a charge paid to a broker for their services in facilitating a transaction, such as real estate, investments, or loans. This fee compensates the broker for their expertise, time, and resources in connecting buyers and sellers or negotiating deals. Broker fees can vary widely depending on the industry, the complexity of the transaction, and the specific agreement between the broker and the client. It's important for clients to understand these fees upfront to avoid unexpected costs.
