Broker Authorization Clause Samples
The Broker Authorization clause grants a designated broker the authority to act on behalf of a party in specific transactions or negotiations. Typically, this clause outlines the scope of the broker's powers, such as the ability to communicate offers, receive payments, or execute documents related to a sale or lease. By clearly defining the broker's role and permissions, this clause ensures that all parties understand who is authorized to represent their interests, thereby streamlining communications and reducing the risk of unauthorized actions.
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Broker Authorization. The Stockholder hereby authorizes any and all brokers, for all accounts holding the Stockholder’s Lock-Up Shares, to provide directly to the Company, immediately upon the Company’s request, a copy of all account statements showing the Lock-Up Shares and all trading activity in the Lock-Up Shares during the Lock-Up Period.
Broker Authorization. The Stockholder hereby authorizes any and all brokers, for all accounts holding the Stockholder’s Leak-out Shares, to provide directly to the Company, immediately upon the Company’s request, a copy of all account statements showing the Leak-out Shares and all trading activity in the Leak-out Shares during the Leak-out Period.
Broker Authorization. The Shareholders hereby authorize any and all brokers, for all accounts holding the Shareholders’ Lock-Up Shares, to provide directly to the Company, immediately upon the Company’s request, a copy of all account statements showing the Lock-Up Shares and all trading activity in the Lock-Up Shares during the Lock-Up Period. The name of the Shareholders’ broker and the contact information will be provided to the Company in writing. The Shareholders will use their commercially reasonable efforts to cause the applicable brokers to cooperate with the Company regarding the delivery of this information, with the understanding that the Shareholders cannot control the outcome of any such requests to their brokers.
Broker Authorization. Customer authorizes Broker to purchase and sell Commodities, as either agent or principal, for Customer's Account(s) in accordance with the oral or written instructions of Customer or persons authorized in writing to act on Customer's behalf. All such instructions must contain sufficient information to permit Broker to execute orders without the exercise of discretion. Customer hereby waives any defense that any such instruction was not in writing as may be required by the Statute of Frauds or any other law, rule or regulation. Unless Customer specifies to the contrary, Broker is authorized to execute all orders on any contract market, exchange, board of trade or other market where such business is conducted which may be deemed by Broker, in its sole and absolute discretion, to be appropriate. Customer further authorizes Broker to employ clearing members (including, without limitation, on exchanges where Broker is not a member), floor brokers and other agents in connection with the execution, carrying, clearance, delivery and settlement of any such purchases and sales of Commodities. Neither Broker nor any managing director, officer, employee or affiliate of Broker will act as a fiduciary, commodity pool operator, commodity trading advisor or investment adviser in respect of Customer's Account(s) nor shall Broker have any responsibility for compliance with any law or regulation governing the conduct of fiduciaries, commodity pool operators, commodity trading advisors or investment advisers.
Broker Authorization. A. Broker is authorized to accept and hold in escrow a deposit to apply towards purchase price. In the event the deposit is forfeited, one-half will be paid to Seller and one-half paid to Broker as compensation, provided ▇▇▇▇▇▇’s share does not exceed agreed commission amount.
B. All advertising, which may include, but is not limited to, magazines, newspapers, internet, signs, and other promotional vehicles, deemed advisable by Broker, is hereby authorized by Seller, and unless otherwise specified, shall be paid by Broker.
▇. ▇▇▇▇▇▇ is authorized to submit the property and related documents to any Multiple Listing Service in which Broker is a participant. Broker is authorized to report that the property is under contract when Owner enters into an agreement of sale and to report all sales information including the sale price and terms with the understanding that the sale price and terms will not be published before settlement.
D. When submitting the property to any Multiple Listing Service, Broker shall disseminate property information in conformity with the 🞏 🞏 🞏 🞏
Broker Authorization a. ▇▇▇▇▇▇ specifically understands and agrees that ▇▇▇▇▇▇ shall have no authority to neither authorize bonds nor extend a bond credit line unless advised of such line or authorization by Pacific.
b. ▇▇▇▇▇▇ is not the employee or authorized representative of Pacific.
c. Broker shall immediately report to Pacific any fact, occurrence or incident that may result in a loss or claim, together with full details thereof. Broker shall forward all documents and cooperate fully with Pacific, or the designated claim administrator, in the investigation and adjustment of any claim, if requested. ▇▇▇▇▇▇ has no authority to adjust, compromise, settle or in any way commit Pacific or companies represented by Pacific with respect to claims arising under fidelity/surety bond written hereunder.
d. Notice to Broker of change in a risk does not constitute notice to Pacific.
e. Broker shall not assign or transfer this agreement without the written consent of Pacific.
f. Broker shall not have authority to appoint other agents or subagents for purposes of this Agreement and shall not do so. Broker shall have no authority to make and shall not make any agency agreements on behalf of Pacific, nor shall Broker make any agreements rendering or purporting to make Pacific liable for the payment and/or repayment of expenses, commissions or any other obligations.
Broker Authorization. A. Broker is authorized to accept and hold in escrow a deposit to apply towards purchase price. In the event the deposit is forfeited, one-half will be paid to Seller and one-half paid to Broker as compensation, provided ▇▇▇▇▇▇’s share does not exceed agreed commission amount.
B. All advertising, which may include, but is not limited to, magazines, newspapers, internet, signs, and other promotional vehicles, deemed advisable by Broker, is hereby authorized by Seller, and unless otherwise specified, shall be paid by Broker.
▇. ▇▇▇▇▇▇ is authorized to submit the property and related documents to any Multiple Listing Service in which Broker is a participant. Broker is authorized to report that the property is under contract when Owner enters into an agreement of sale and to report all sales information including the sale price and terms with the understanding that the sale price and terms will not be published before settlement.
D. When submitting the property to any Multiple Listing Service, Broker shall disseminate property information in conformity with the Seller’s instructions below. The Seller may elect to Opt Out of any of the following provisions by checking NO in the corresponding box:
a. 🞏 Yes 🞏 No The Seller authorizes the listed property to be displayed on the Internet.
b. 🞏 Yes 🞏 No The Seller authorizes the numerical address of the listed property to be displayed on the Internet.
c. 🞏 Yes 🞏 No The Seller authorizes the automated valuation of the listed property.
d. 🞏 Yes 🞏 No The Seller authorizes the blogging features associated with the listed property. Seller understands and acknowledges that if they answer NO to question (a) above, consumers who conduct searches for listings on the Internet will not see information about the listed property in response to their searches. Seller further understands and acknowledges that certain data may be made available on the internet through other sources which the Broker and local MLS cannot control.
▇. ▇▇▇▇▇▇ is authorized to obtain descriptive and factual information from Seller about Property and to update such information as warranted.
F. In addition the Broker will:
a. Receive delivery of, and present, offers and counteroffers.
b. Assist the Seller in developing, communicating, negotiating and presenting offers, counteroffers and notices relating to offers and counteroffers.
c. Answer ▇▇▇▇▇▇’s questions relating to offers, counteroffers, notices, negotiations and contingencies.
▇. ▇▇▇▇▇▇ is advised t...
Broker Authorization. By signing this Agreement, the Broker: • authorizes Scotiabank to obtain information from, and confirm information with, third parties about the Broker and its Agents, provided that such information relates to this Agreement; • authorizes and directs any third-party Scotiabank may contact in this regard to confirm or provide Scotiabank with such information; • certifies that it has obtained the consent of each of its Agents to allow Scotiabank to obtain such information from third parties or confirm such information with third parties about each such Agent; • authorizes Scotiabank to obtain, provide and exchange any relevant information about the Broker’s business with applicable self-regulatory organizations and broker governing or broker member organizations; and • certifies that the information provided in the Mortgage Broker Application is accurate and complete.
Broker Authorization. ▇▇▇▇▇▇ irrevocably agrees to disburse the Purchased Commission amount directly to Advance Company from the Commission proceeds due at closing.
