Replace Demanded Field from the Agency Agreement and eSign it in minutes

Aug 6th, 2022
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How to Replace Demanded Field from the Agency Agreement

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foreign good morning everyone I hope youre having a great week just wanted to send you a quick video its gonna be a little longer than most broker minutes because we are going to go through the changes that all of youve heard about weve gotten a lot of emails from the local Association the State Association of the change that came about this week with the buyer agency agreement so where the change is not really a big change logistically it is a big change on how you explain this to your clients it also creates a better opportunity for you to protect yourself as it relates to the compensation on the buyer agency agreement so lets go ahead and jump right into it and talk about what is different about the buyer agency agreement so this comes from The Brokerage fee section the old agreement used to under Section A here used to have two options for how the broker tree was collected weve now combined that into one so basically what this is saying is that the buyer shall pay The Brokera

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(a) Generally, Government contracts contain a changes clause that permits the contracting officer to make unilateral changes, in designated areas, within the general scope of the contract.
An agency may modify a contract without running afoul of the Competition in Contracting Act, so long as the the modification is deemed in scope. An out of scope modification, on the other hand, is improperand may be protested at GAO.
to be determined by examining whether the alteration is within the scope of the competition which was originally conducted. Ordinarily, a modification falls within the scope of the procurement provided that it is of a nature which potential offerors would have reasonably anticipated under the changes clause.
A unilateral modification (change order) may be used to: Make administrative changes. Issue change orders under a contract change or other clause.
The Four Primary Types of Government Contracts Fixed-price contracts. Cost-reimbursement contracts. Time and materials contracts. Indefinite delivery/Indefinite quantity (IDIQ) Contracts.
Administrative change means a unilateral (see 43.103(b)) contract change, in writing, that does not affect the substantive rights of the parties (e.g., a change in the paying office or the appropriation data).
The Code of Federal Regulations (CFR) Federal Acquisition Regulation (FAR) 48 CFR 43.102 provides that the only person authorized to modify a contract on behalf of the U.S. Government is a contracting officer acting within the scope of the contracting officers authority.
COR responsibilities include monitoring the contractors performance and performing other duties specified in the appointment letter but they are not authorized to make any commitments or changes that will affect price, quality, quantity, delivery, or any other term or condition of a contract.

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