Transaction-Broker Sample Clauses

Transaction-Broker. The New Jersey Real Estate Licensing Law does not require licensees to work in the capacity of an “agent” when providing brokerage services. A transaction broker works with a buyer or a seller or both in the same sales transaction without representing anyone. A TRANSACTION BROKER DOES NOT PROMOTE THE INTERESTS OF ONE PARTY OVER

Transaction-Broker. Due to certain events, the Broker may be required to act as the only licensee involved between the Seller and a Buyer to facilitate the transaction between the parties. Under such circumstance, the Broker shall disclose to Seller their intention to act as a Transaction Agent or similar role. If a Buyer is procured by the Broker, or by a licensee in the same Agency as the Broker, the Seller consents to the Broker acting in such a role and agrees to allow the Broker to collect compensation from the Buyer or other parties. While performing this role, ▇▇▇▇▇▇ agrees to conduct themselves in a manner that does not adversely affect the Seller or Buyer in any way, including, but not limited to, stating the Seller is willing to sell for a lesser price than the Purchase Price, stating the Buyer is willing to pay more than an offer that is made or suggested, or disclosing any type of financial information that would negatively affect the other party.

Transaction-Broker. If the Transaction-Brokerage box at the top of page 1 is checked, or in the event neither 75 box is checked, Broker must work with Buyer as a Transaction-Broker. A Transaction-▇▇▇▇▇▇ must perform the duties described in 76 § 5 and facilitate purchase transactions without being an advocate or agent for either party. If the seller and Buyer are working 77 with the same broker, ▇▇▇▇▇▇ must continue to function as a Transaction-Broker.

Transaction-Broker. A potential exists for the Broker to act as a transaction broker and assist the Buyer and Seller with the real estate transaction without being an agent or advocate for the interests of either party.

Transaction-Broker. The New Jersey Real Estate Licensing Law does not require licensees to work in the capacity of an “agent” when providing brokerage services. A transaction broker works with a buyer or a seller or both in the sales transaction without representing anyone. A TRANSACTION BROKER DOES NOT PROMOTE THE INTERESTS OF ONE PARTY OVER THOSE OF THE OTHER PARTY TO THE TRANSACTION. Licensees with such a firm would be required to treat all parties honestly and to act in a competent manner, but they would not be required to keep confidential any information. A transaction broker can locate qualified buyers for a seller or suitable properties for a buyer. They can then work with both parties in an effort to arrive at an agreement on the sale or rental of real estate and perform tasks to facilitate the closing of a transaction. A transaction broker primarily serves as a manager of the transaction, communicating information between the parties to assist them in arriving at a mutually acceptable agreement and in closing the transaction, but cannot advise or counsel either party on how to gain an advantage at the expense of the other party. Owners considering working with transaction brokers are advised to sign a written agreement with that firm which clearly states what services that firm will perform and how it will be paid. In addition, any transaction brokerage agreement with a seller or landlord should specifically state whether a notice on the property to be rented or sold will or will not be circulated in any or all Multiple Listing System(s) of which that firm is a member.

Transaction-Broker. Due to certain events, the Broker may be required to act as the only licensee involved between the Seller and a Buyer to facilitate the transaction between the parties. Under such circumstance, the Broker shall disclose to Seller their intention to act as a transaction broker or similar role. If a Buyer is procured by the Broker, or by a licensee in the same Agency as the Broker, the Seller consents to the Broker acting in such a role and agrees to allow the Broker to collect compensation from the Buyer or other parties. While performing this role, ▇▇▇▇▇▇ agrees to conduct themselves in a manner that does not adversely affect the Seller or Buyer in any way, including, but not limited to, stating the Seller is willing to sell for a lesser price than the Purchase Price, stating the Buyer is willing to pay more than an offer that is made or suggested, or disclosing any type of financial information that would negatively affect the other party. Seller has read this Section and fully comprehends and understands the concept of a Transaction Broker under the laws in the State. If Transaction Brokerage is allowed by the Seller, the Consent to Transition to Transaction Broker must be authorized by the Seller.

Transaction-Broker. If the Transaction-Brokerage box at the top of page 1 is checked, or in the event neither box is checked, Broker must work with Landlord as a Transaction-Broker. A Transaction- ▇▇▇▇▇▇ must perform the duties described in § 5 and facilitate lease transactions without being an advocate or agent for either party. If Landlord and tenant are working with the same broker, Broker must continue to function as a Transaction-Broker.

Transaction-Broker. If the Transaction-Brokerage box at the top of page 1 is checked, or in the 0 event neither box is checked, Broker shall work with Landlord as a Transaction-Broker. If Landlord and tenant are working with the same 1 broker, Broker shall continue to function as a Transaction-Broker. 2

Transaction-Broker. The non-fiduciary relationship created by law, wherein a brokerage provides real estate services without entering into an agency relationship.