Common use of Agency Relationship Clause in Contracts

Agency Relationship. I.C. 25-34.1-10-9.5 provides that a Licensee has an agency relationship with, and is representing, the 120 individual with whom the Licensee is working unless (1) there is a written agreement to the contrary; or (2) the Licensee is 121 merely assisting the individual as a customer without compensation. Licensee (Broker) represents the interests of the Seller as 122 Seller's agent to sell the Property. Licensee owes duties of trust, loyalty, confidentiality, accounting and disclosure to the Seller. 123 However, Licensee must deal honestly with a buyer and disclose to the buyer information about the Property. All representations 124 made by Licensee about the Property are made as the agent of the Seller. 125 Seller is advised that the Property may be sold with the assistance of other Licensees working as buyer agents and that 126 Licensee's company policy is to cooperate with and compensate buyer agents. Buyer agents are Licensees who show the 127 Property to prospective buyers, but who represent only the interests of the buyer. Buyer agents owe duties of trust, loyalty, 128 confidentiality, accounting and disclosure to buyers. All representations made by buyer agents about the Property are not made 129 as the agent of the Seller. 130

Agency Relationship. I.C. 25-34.134. 1-10-9.5 provides that a Licensee has an agency relationship with, and is representing, the 120 122 individual with whom the Licensee is working unless (1) there is a written agreement to the contrary; or (2) the Licensee is 121 merely 123 assisting the individual as a customer without compensation. Licensee (BrokerLicensee(Broker) represents the interests of the Seller as 122 Seller's 124 agent to sell the Property. Licensee owes duties of trust, loyalty, confidentiality, accounting and disclosure to the Seller. 123 However, 125 Licensee must deal honestly with a buyer and disclose to the buyer information about the Property. All representations 124 made by 126 Licensee about the Property are made as the agent of the Seller. 125 Seller is advised that the Property may be sold with the 127 assistance of other Licensees working as buyer agents and that 126 Licensee's company policy is to cooperate with and compensate 128 buyer agents. Buyer agents are Licensees who show the 127 Property to prospective buyers, but who represent only the interests 129 of the buyer. Buyer agents owe duties of trust, loyalty, 128 confidentiality, accounting and disclosure to buyers. All representations 130 made by buyer agents about the Property are not made 129 as the agent of the Seller. 130.

Agency Relationship. I.C. 25-34.134. 1-10-9.5 provides that a Licensee has an agency relationship with, and 144 is representing, the 120 individual with whom the Licensee is working unless (1) there is a written agreement to 145 the contrary; or (2) the Licensee is 121 merely assisting the individual as a customer without compensation. 146 Licensee (Broker) represents the interests of the Seller as 122 Seller's agent to sell the Property. Licensee owes 147 duties of trust, loyalty, confidentiality, accounting and disclosure to the Seller. 123 However, Licensee must deal 148 honestly with a buyer and disclose to the buyer information about the Property. All representations 124 made by 149 Licensee about the Property are made as the agent of the Seller. 125 Seller is advised that the Property may be 150 sold with the assistance of other Licensees working as buyer agents and that 126 Licensee's company policy is to 151 cooperate with and compensate buyer agents. Buyer agents are Licensees who show the 127 Property to 152 prospective buyers, but who represent only the interests of the buyer. Buyer agents owe duties of trust, 153 loyalty, 128 confidentiality, accounting and disclosure to buyers. All representations made by buyer agents 154 about the Property are not made 129 as the agent of the Seller. 130155