TRANSACTION BROKERAGE definition
TRANSACTION BROKERAGE. Selling Broker has not entered into a client relationship with Purchaser or Seller. SELLER SUBAGENCY: Listing Broker has entered into a client relationship with ▇▇▇▇▇▇ and has appointed ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ as it If dual agency or transaction brokerage is selected above, the applicable disclosure below is incorporated herein. Otherwise, the disclosure(s) is not a part of this Exhibit. Seller and Purchaser are aware of ▇▇▇▇▇▇’s dual agency role and have determined that the benefits of ▇▇▇▇▇▇’s role outweigh the detriments. Seller and purchaser have been advised (1) that in this transaction the Broker has acted as a dual agent, (2) that the Broker represents two clients whose interests may be different or adverse, (3) that as a dual agent, ▇▇▇▇▇▇ may not disclose information made confidential by request of either client unless it is allowed or required to be disclosed and (4) that the clients do not have to consent to dual agency. The clients referenced above have voluntarily consented to dual agency and have read and understood their brokerage engagement agreements. The Broker and/or affiliated licensees have no material relationship with either client except as follows:
TRANSACTION BROKERAGE means a brokerage in which a real estate licensee performs one or more transaction brokerage services.
TRANSACTION BROKERAGE means a brokerage in which a licensee performs one or more of the transaction brokerage services pursuant to section 467-C.
Examples of TRANSACTION BROKERAGE in a sentence
AGENT TO CHANGE FROM A SINGLE AGENT RELATIONSHIP TO A TRANSACTION BROKERAGE RELATIONSHIP IN ORDER FOR THE LICENSEE TO ASSIST BOTH PARTIES IN A REAL ESTATE TRANSACTION BY PROVIDING A LIMITED FORM OF REPRESENTATION TO BOTH THE BUYER AND THE SELLER.
More Definitions of TRANSACTION BROKERAGE
TRANSACTION BROKERAGE means a relationship in which a brokerage or industry member provides facilitation services to the buyer and the seller in the same trade.