Appointment of Subsequent Designated Agent. Seller hereby authorizes the Managing Broker, if necessary, to appoint a licensee, other than the licensee named above, as Designated Agent for the Seller, to the exclusion of any other licensees associated with Broker. This shall be accomplished through an amendment to this Agreement, if necessary.
Appointment of Subsequent Designated Agent. Buyer hereby authorizes the Managing Broker, if necessary, 152 to appoint a licensee, other than the Licensee named above, as Designated Agent for the Buyer, to the exclusion 153 of any other licensees associated with Broker. This shall be accomplished through an amendment to this 154 Agreement, if necessary. 155 3. Default to Facilitator in the event that both parties are represented by the same Designated Agent. The 156 Designated Agent shall default to Facilitator status for all showings or transactions involving the same 157 Designated Agent for both the Buyer and a prospective Seller, immediately notifying (verbally) the Buyer and 158 the Seller of the need to default to this Facilitator status to be confirmed in writing prior to the execution of the 159 contract. Upon any default to Facilitator status, the former Designated Agent must assume a neutral position 160 and will not be an advocate for either the Buyer or any prospective Seller.
Appointment of Subsequent Designated Agent. Owner hereby authorizes the Managing Broker, if 141 necessary, to appoint a licensee, other than the licensee named above, as Designated Agent for the 142 Owner, to the exclusion of any other licensees associated with Broker. This shall be accomplished 143 through an amendment to this Agreement, if necessary. 144 c. Default to Facilitator in the event both parties are represented by the same Designated Agent. A 145 facilitator is a licensee not working as an agent for either party in a consumer’s prospective transaction. 146 A Facilitator may advise either or both of the parties to a transaction but cannot be considered a 147 representative or advocate of either party. “Transaction Broker” may be used synonymously with, or in ___________________________________________ 148 lieu of, “Facilitator” as used in any disclosures, forms or agreements. [By law, any licensee or company 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 166 1. 167 2. 168 3. 169 170 171 172 173 174 4. 175 5. 176 177 178 6. 179 7. 180 181 182 183 184 185 186 165 187 188 189 190 191 192 193 194 195 who has not entered into a written agency agreement with either party in the transaction is considered a Facilitator or Transaction Broker until such time as an agency agreement is established.] The Designated Agent shall default to Facilitator status for all showings or transactions involving the same Designated Agent for both the Owner and a prospective tenant, immediately notifying (verbally) the Owner and tenant of the need to default to this Facilitator status to be confirmed in writing prior to the execution of the contract. Upon any default to Facilitator status, the Designated Agent must assume a neutral position and will not be an advocate for either the Owner or any prospective tenants.
Appointment of Subsequent Designated Agent. Buyer hereby authorizes the Managing Broker, if necessary,
