Designated Agent for the Seller Sample Clauses

Designated Agent for the Seller. The individual licensee that has been assigned by his/her Managing Broker 186 and is working as an agent for the Seller or Property Owner in this consumer’s prospective transaction, to the 187 exclusion of all other licensees in his/her company. Even if someone else in the licensee’s company represents 188 a possible Buyer for this Seller’s Property, the Designated Agent for the Seller will continue to work as an 189 advocate for the best interests of the Seller or Property Owner. An agency relationship of this type cannot, by 190 law, be established without a written agency agreement.
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Designated Agent for the Seller. The individual licensee that has been assigned by his/her the Managing Broker 227 and is working as an agent for the Seller or Property Owner in this consumer’s prospective transaction, to the 228 exclusion of all other licensees in his/her the company. Even if someone else in the licensee’s company represents 229 a possible Buyer for this Seller’s Property, the Designated Agent for the Seller will shall continue to work as an 230 advocate for the best interests of the Seller or Property Owner. An agency relationship of this type cannot, by law, 231 be established without a written agency agreement. 232 3. Facilitator / Transaction Broker (not an agent for either party): The licensee is not working as an agent for 233 either party in this consumer’s prospective transaction. A Facilitator may advise either or both of the parties to a 234 transaction but cannot be considered a representative or advocate of either party. “Transaction Broker” may be 235 used synonymously with, or in lieu of, “Facilitator” as used in any disclosures, forms or agreements. [By law, any 236 Licensee or company who has not entered into a written agency agreement with either party in the transaction is 237 considered a Facilitator or Transaction Broker until such time as an agency agreement is established.]
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Designated Agent for the Seller. The individual licensee that has been assigned by his/her the Managing Broker 198 and is working as an agent for the Seller or Property Owner in this consumer’s prospective transaction, to the 199 exclusion of all other licensees in his/her the company. Even if someone else in the licensee’s company represents 200 a possible Buyer for this Seller’s Property, the Designated Agent for the Seller will shall continue to work as an 201 advocate for the best interests of the Seller or Property Owner. An agency relationship of this type cannot, by 202 law, be established without a written agency agreement. 203 4. Facilitator / Transaction Broker (not an agent for either party). The licensee is not working as an agent for 204 either party in this consumer’s prospective transaction. A Facilitator may advise either or both of the parties to a 205 transaction but cannot be considered a representative or advocate of either party. “Transaction Broker” may be 206 used synonymously with, or in lieu of, “Facilitator” as used in any disclosures, forms or agreements. [By law, 207 any Licensee or company who has not entered into a written agency agreement with either party in the transaction 208 is considered a Facilitator or Transaction Broker until such time as an agency agreement is established.] 209 210 211 212 213 214 215 216 217 218 219 220 221 222 224 1. 225 2. 226 3. 227 228 229 230 231 232 4. 233 5. 234 235 236 6. 237 7. 238 239 240 241 242 243 244 223 245 246 247 248 249 250 251 252 253
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Designated Agent for the Seller. This refers to the specific licensee assigned by the Managing Broker to act as the Seller's or ▇▇▇.▇▇▇▇▇▇▇▇ Owner's agent exclusively for the prospective transaction. The Designated Agent is solely dedicated to advocating for 171.the Seller's best interests, even if another licensee within the same brokerage represents a potential buyer for the Seller's Property. ▇▇▇.▇▇ law, this type of agency relationship requires a written agreement to be established.
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Related to Designated Agent for the Seller

  • AS AGENT FOR BOTH - INTERMEDIARY To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary: • Must treat all parties to the transaction impartially and fairly; • May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner and buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction. • Must not, unless specifically authorized in writing to do so by the party, disclose: ᴑ that the owner will accept a price less than the written asking price; ᴑ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and ᴑ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.