Common use of Licensees Clause in Contracts

Licensees. On the right side, the Licensee should fill in his or her name, license number, and contact information. If more than one Licensee is representing the Buyer or Seller, each Licensee should write their name, license number, and contact information. The checkboxes on the right side of the Business Relationship Block under the Licensee information allow you to identify your relationship with your client and the other Licensees involved in the transaction. First, make sure you understand the difference between Designated and Dual Agency and your brokerage policy. If you are unfamiliar with your broker’s policy on this subject, speak to your broker. Do not assume that your broker’s policy is the same as that of other brokers in the market.

Licensees. On the right side, the Licensee should fill in his or her name, license number, name and contact information. If more than one Licensee is representing the Buyer or Seller, each Licensee should write their name, license number, name and contact information. The checkboxes on the right side of the Business Relationship Block under the Licensee information allow you to identify your relationship with your client and the other Licensees involved in the transaction. First, make sure you understand the difference between Designated and Dual Agency and your brokerage policy. If you are unfamiliar with your broker’s policy on this subject, speak to your broker. Do not assume that your broker’s policy is the same as that of other brokers in the market.