Broker Relationship Sample Clauses

Broker Relationship. The parties agree that Monnit is acting solely as a broker in bringing interested parties together to conduct business. As such, Monnit shall be entitled to compensation for such business. Compensation shall be negotiated separately and through a subsequent agreement by the Receiving Party and Monnit. Both parties agree that any business transaction(s) between the Receiving Party and those Business Sources provided by Monnit will not be conducted without the prior agreement of Monnit’s compensation for such business transaction(s).
Sample 1
Broker Relationship. The Listing Broker is |X| Landlord's Agent |_| a Transaction-Broker in this transaction. The Leasing Broker is |X| Tenant's Agent |_| Landlord's Agent |_| a Transaction-Broker in this transaction.
Sample 1
Broker Relationship. 2.1 Broker's relationship with Owner and duties under that relationship as provided under the Broker Relationship Act are set in Article 3 of this Agreement. At the time of any initial contact, Broker shall inform all prospective tenants and their brokers, of the relationship Broker has with Owner. The Broker also agrees to use Broker's best efforts to lease and keep leased and occupied all space in the Property, and to collect and to receive all rents and other income due and payable from tenants.
Sample 1
Broker Relationship. By entering into this written agreement, the REALTOR® shall provide services as a Single- party Broker, which shall be deemed to include, and which may not abrogate or waive, the mandatory duties and responsibilities set forth in this section: 1. To treat all parties with honesty and exercise reasonable skill and care; 2. To be available to: a. receive all written offers and counteroffers, b. reduce offers or counteroffers to a written form upon request of any party to a transaction c. present timely all written offers and counter offers. 3. To inform in writing the party for whom the Broker is providing services when an offer is made that the party will be expected to pay certain closing costs, [if applicable] brokerage service costs and approximate amount of said costs. 4. To keep the party for whom the Single-party Broker is performing services informed regarding the transaction. 5. To account timely for all money and property received by the Broker. 6. To keep confidential information received from a party confidential. Unless required by law, the Broker shall not without the express permission of the respective party, disclose the following confidential information to the other party: ♦That a party is willing to pay more or accept less than what is being offered, ♦That a party is willing to agree to rental terms that are different from those offered; and ♦The motivation of either party in leasing, selling or purchasing the Property. 7. To perform all brokerage activities for the benefit of the party for whom the Single-party Broker is performing 8. To obey the specific directions of the party for whom the Single-party Broker is performing services that are not contrary to the terms of a contract between the parties to the transaction; and 9. To comply with all requirements of the Oklahoma Real Estate License Code and all applicable statutes and rules.
Sample 1
Broker Relationship. Broker duties and responsibilities. A. Broker shall have the following duties to all parties in a transaction, which are mandatory and may not be abrogated or waived by Broker: 1. Treat all parties with honesty and exercise reasonable skill and care; 2. Unless specifically waived in writing by a party to the transaction: a) receive all written offers and counteroffers, b) reduce offers or counteroffers to a written form upon request of any party to a transaction, and c) present timely such written offers and counteroffers; 3. Timely account for all money and property received by Broker; 4. Keep confidential information received from a party or prospective party confidential. The confidential information shall not be disclosed by a firm without the consent of the party disclosing the information unless consent to the disclosure is granted in writing by the party or prospective party disclosing the information, the disclosure is required by law, or the information is made public or becomes public as the result of actions from a source other than the firm. The following information shall be considered confidential and shall be the only information considered confidential in a transaction: a) that a party or prospective party is willing to pay more or accept less than what is being offered; b) that a party or prospective party is willing to agree to financing terms that are different from those offered; c) the motivating factors of the party or prospective party purchasing, selling, leasing, optioning, or exchanging the property; and d) information specifically designated as confidential by a party unless such information is public. 5. Disclose information pertaining to the property as required by the Residential Property Condition Disclosure Act; and 6. Comply with all requirements of The Oklahoma Real Estate License Code and all applicable statutes and rules. B. Broker shall have the following duties and responsibilities only to a party for whom the broker is providing brokerage services in a transaction which are mandatory and may not be abrogated or waived by Broker: 1. Inform the party in writing when an offer is made that the party will be expected to pay certain costs, brokerage service costs and approximate amount of costs; and 2. Keep the party informed regarding the transaction. C. When working with both parties to a transaction, the duties and responsibilities set forth in this section shall remain in place for both parties. Specific Directions. Own...
Sample 1
Broker Relationship. Xxxxx has, from time to time, acted as Meritage’s (or its affiliate’s) realtor or broker on real estate acquisitions. When Xxxxx terminates his employment with Meritage or Xxxxx’x employment relationship with Meritage is otherwise terminated, (i) any existing or implied realtor/broker relationship shall immediately cease and terminate, and (ii) Xxxxx will represent and warrant that he is not Meritage’s (or its affiliate’s) broker/realtor on any other real estate transaction that Meritage subsequently enters into, and therefore will not make any claim that he is entitled to a commission or fee as a broker or realtor in any real estate acquisition or sale by Meritage or one or its affiliates after the time of employment termination. This provision does not preclude a subsequently negotiated realtor/broker relationship into which the parties may mutually agree to enter after Xxxxx’x termination. Prior to Xxxxx’x termination, the parties agree that Xxxxx shall remain the broker of record (to the extent that is otherwise prudent or possible), and the commissions/funds received by Xxxxx from the closing of any sites purchase or sold by Meritage or its affiliates, if any, shall be distributed in accordance with the August 22, 2001 Compensation Committee resolution regarding the handling of Xxxxx’x real estate commissions.
Sample 1

Related to Broker Relationship

  • INDEPENDENT RELATIONSHIP This Agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, partnership, or formal business organization, or agency agreement of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.

  • Reporting Relationship Executive shall report to the Company’s chief executive officer.

  • No Employment Relationship Whether or not any Options are to be granted under this Plan shall be exclusively within the discretion of the Plan Administrator, and nothing contained in this Plan shall be construed as giving any person any right to participate under this Plan. The grant of an Option shall in no way constitute any form of agreement or understanding binding on the Company or any Related Company, express or implied, that the Company or any Related Company will employ or contract with an Optionee, for any length of time, nor shall it interfere in any way with the Company’s or, where applicable, a Related Company’s right to terminate Optionee’s employment at any time, which right is hereby reserved.

  • Consulting Relationship During the term of this Agreement, Consultant will provide consulting services to the Company as described on Exhibit A hereto (the “Services”). Consultant represents that Consultant is duly licensed (as applicable) and has the qualifications, the experience and the ability to properly perform the Services. Consultant shall use Consultant’s best efforts to perform the Services such that the results are satisfactory to the Company.

  • Independent Contractor Relationship Both parties hereto, in the performance of this Contract, shall act in an individual capacity and not as agents, employees, partners, joint ventures or associates of one another. The employees or agents of one party shall not be deemed or construed to be the employees or agents of the other party for any purposes whatsoever.