Common use of Office Policy Clause in Contracts

Office Policy. Seller acknowledges receipt of a copy of the written office policy relating to agency. 126 127 2. Agency Relationship. I.C. 25-34.1-10-9.5 provides that a Licensee has an agency relationship with, and is 128 representing, the individual with whom the Licensee is working unless (1) there is a written agreement to the contrary; 129 or (2) the Licensee is merely assisting the individual as a customer without compensation. Licensee(Broker) 130 represents the interests of the Seller as ▇▇▇▇▇▇'s agent to sell the Property. Licensee owes duties of trust, loyalty, 131 confidentiality, accounting and disclosure to the Seller. However, Licensee must deal honestly with a buyer and 132 disclose to the buyer information about the Property. All representations made by Licensee about the Property are 133 made as the agent of the Seller. Tekoppel Avenue; Evansville, IN 47712 134 Seller is advised that the Property may be sold with the assistance of other Licensees working as buyer agents and 135 that Licensee's company policy is to cooperate with and compensate buyer agents. Buyer agents are Licensees who 136 show the Property to prospective buyers, but who represent only the interests of the buyer. Buyer agents owe duties 137 of trust, loyalty, confidentiality, accounting and disclosure to buyers. All representations made by buyer agents about 138 the Property are not made as the agent of the Seller. 139

Appears in 1 contract

Sources: Listing Contract

Office Policy. Seller acknowledges receipt of a copy of the written office policy relating to agency. 126 127 112 113 2. Agency Relationship. I.C. 25-34.1-10-9.5 provides that a Licensee has an agency relationship with, and is 128 representing, 114 the individual with whom the Licensee is working unless (1) there is a written agreement to the contrary; 129 or (2) the 115 Licensee is merely assisting the individual as a customer without compensation. Licensee(BrokerLicensee (Broker) 130 represents the 116 interests of the Seller as ▇▇▇▇▇▇Seller's agent to sell the Property. Licensee owes duties of trust, loyalty, 131 confidentiality, 117 accounting and disclosure to the Seller. However, Licensee must deal honestly with a buyer and 132 disclose to the buyer 118 information about the Property. All representations made by Licensee about the Property are 133 made as the agent of the 119 Seller. Tekoppel Avenue; Evansville, IN 47712 134 120 121 Seller is advised that the Property may be sold with the assistance of other Licensees working as buyer agents and 135 that 122 Licensee's company policy is to cooperate with and compensate buyer agents. Buyer agents are Licensees who 136 show the 123 Property to prospective buyers, but who represent only the interests of the buyer. Buyer agents owe duties 137 of trust, loyalty, 124 confidentiality, accounting and disclosure to buyers. All representations made by buyer agents about 138 the Property are not 125 made as the agent of the Seller. 139126

Appears in 1 contract

Sources: Listing Contract