Landlord's Agency as Starting Point; Effect of In-House Sales Sample Clauses

Landlord's Agency as Starting Point; Effect of In-House Sales. Pursuant to this Contract, REALTOR® will initially be acting in the capacity of Owner’s agent, with the duties and obligations of a landlord’s agent under Missouri law as set forth following the parties’ signatures below. However, Owner acknowledges that from time to time, a prospective tenant may engage REALTOR® to act in one of several possible capacities with respect to that tenant, depending on what brokerage relationships are permitted by REALTOR®’s office policy. The following subsections describe circumstances where Missouri law may permit or require a conversion of REALTOR®’s brokerage relationship with Owner to a different brokerage relationship. Complete each subsection. Disclosure of any conversion to a different brokerage relationship shall be made upon its occurrence as may be required by rule or regulation.
Sample 1
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Landlord's Agency as Starting Point; Effect of In-House Sales. Pursuant to this Contract, 112 REALTOR® will initially be acting in the capacity of Owner's agent, with the duties and obligations of a landlord's agent under 113 Missouri law as set forth following the parties’ signatures below. However, Owner acknowledges that from time to time, a 114 prospective tenant may engage REALTOR® to act in one of several possible capacities with respect to that tenant, depending on 115 what brokerage relationships are permitted by REALTOR®’s office policy. The following subsections describe circumstances 116 where Missouri law may permit or require a conversion of REALTOR®’s brokerage relationship with Owner to a different 117 brokerage relationship. Complete each subsection. Disclosure of any conversion to a different brokerage relationship shall be 118 made upon its occurrence as may be required by rule or regulation. 119 B. Conversion to Dual Agency Where REALTOR® Is Engaged by Tenant to Act as Tenant's Agent. If a 120 prospective tenant has engaged REALTOR® to act in the capacity of tenant's agent, Missouri law permits REALTOR® to show 121 the Property to and otherwise represent the buyer, as a dual agent representing both Owner and the tenant, with the written 122 consent of all parties. In such case, REALTOR® may act as a dual agent with the duties and obligations of a dual agent under 123 Missouri law as set forth following the parties’ signatures below. 124 Does Owner consent to REALTOR® representing both Owner and a tenant as a dual agent? (Check one of the 125 following): Yes No Not applicable because dual agency is not offered by REALTOR®’s company policy.
Sample 1

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