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What is a brokerage relationship?

Brokerage Relationship A relationship created by a written brokerage agreement. between a client and a broker where the client. authorizes the broker to provide real estate brokerage. services in a residential real estate transaction.

Is a brokerage the same as a real estate agency?

Real estate agents and brokers are both specialists adept at helping their clients navigate the tricky process of selling, buying or renting homes. But brokers typically have more in-depth training than real estate agents, and they often operate in supervisory roles, overseeing agents who work for them.

What is a disclosed dual agent?

Disclosed Dual Agent means that agent representing both parties to a real estate transaction with the informed consent of both parties, with written understanding of specific duties and representation to be afforded each party.

Are license holders required to provide the information about brokerage services IABS notice at an open house quizlet?

The answer is a license holder is required to provide the IABS Notice at an open house if there is substantive dialogue about other property. Is a broker liable for the acts of the brokers sponsored sales agents? The answer is yes, the broker is vicariously liable for the acts of sponsored sales agents.

What does no brokerage relationship mean?

No Brokerage relationship is a term when the seller or the buyer choose not to represent to the broker. A broker working on the no brokerage relationship can enter a listing agreement and get paid by both the parties seller and buyer.

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