Acquisition Agents Sample Clauses
The 'Acquisition Agents' clause defines the role and authority of individuals or entities appointed to act on behalf of a party in connection with acquiring assets or interests under the agreement. Typically, this clause outlines who may serve as an acquisition agent, the scope of their powers, and any limitations or requirements for their appointment, such as needing written authorization. Its core function is to ensure clarity and legal certainty regarding who is empowered to negotiate, execute, or facilitate acquisitions, thereby reducing the risk of unauthorized actions or disputes over representation.
Acquisition Agents. 10 Each Acquisition Agent must be licensed either as a real estate sales person or broker pursuant 11 to the Arizona Revised Statutes, Title 32, Chapter 20, Article 2 or rules established by the 12 Arizona Real Estate Department, and must be familiar with appraisal and appraisal report 13 review processes pursuant to the Uniform Standards of Professional Appraisal Practice 14 (USPAP) and Federal requirements in Title 49 CFR Part 24. The Acquisition Agents must have 15 a minimum 3 years of experience in ROW negotiations. The Acquisition Agent’s responsibilities 16 must include the following: contact with property owners on the Project to discuss the 17 acquisition of property needed for the Project, maintaining complete and accurate files of all 18 transactions and contacts with the property owners and/or their representatives, and actively 19 working toward a joint resolution to acquire the property with the property owner.
Acquisition Agents. 10 Each Acquisition Agent must be licensed either as a real estate sales person or broker pursuant 11 to the Arizona Revised Statutes, Title 32, Chapter 20, Article 2 or rules established by the 12 Arizona Real Estate Department, and must be familiar with appraisal and appraisal report 13 review processes pursuant to the Uniform Standards of Professional Appraisal Practice 14 (USPAP) and Federal requirements in Title 49 CFR Part 24. The Acquisition Agents must have