BROKER’S RESPONSIBILITIES Sample Clauses
The "Broker’s Responsibilities" clause defines the duties and obligations that the broker must fulfill in the course of their engagement. Typically, this includes tasks such as marketing the property, communicating offers, facilitating negotiations, and ensuring compliance with relevant laws and regulations. By clearly outlining what is expected of the broker, this clause helps ensure that both parties understand the broker’s role and provides a basis for accountability, thereby reducing the risk of misunderstandings or disputes regarding the broker’s performance.
BROKER’S RESPONSIBILITIES. Broker will exercise good faith efforts to a) locate and present suitable Properties to Buyer; b) tour and prepare detailed analysis of specific Properties, per Buyer’s request; c) help Buyer negotiate and secure a contract to purchase one or more Properties; d) cooperate with any real estate licensee working with the seller to facilitate and complete Buyer’s purchase of the Property; and e) perform other services as needed and requested by ▇▇▇▇▇.
BROKER’S RESPONSIBILITIES. In addition to the foregoing, the BROKER will perform the following functions on OWNER’S behalf:
a. Make reasonable efforts to collect all the rents and other fees due from tenants when such amounts become due, and deposit same into an agency account maintained on behalf of the OWNER, but BROKER does not guarantee the payment of any tenant’s rent;
b. Withdraw from such account all funds needed for proper disbursements for expenses payable by the OWNER including without limitation, BROKER’s compensation; and remit balance of rent to OWNER at OWNER’S address set forth in Paragraph 9 with a written statement within 30 days of rent receipt, indicating said receipts and disbursements; and [ ] OWNER, [ ] OWNER AND [ ] BROKER HAVE READ THIS PAGE.
c. Collect and place into escrow accounts, as required by law, security deposits under any lease. BROKER is authorized to disburse the security deposit at such times and to such persons as BROKER shall in good faith believe to be entitled to such funds in accordance with the South Carolina laws governing security deposits. Any interest earned on said deposits, shall with tenant’s permission belong to BROKER.
BROKER’S RESPONSIBILITIES. Buyer and Seller acknowledge and agree Broker(s) are not responsible for Buyer's and Seller's performance of the terms and conditions contained in this purchase agreement, including all addenda, and Broker(s) are not responsible for, and makes no warranties as to the condition of the property.
BROKER’S RESPONSIBILITIES a. For each shipment of freight an individual Participating BROKER tenders to CARRIER, such BROKER shall provide CARRIER with the (i) place of origin and destination of the shipment(s);
BROKER’S RESPONSIBILITIES. 1. The BROKER shall use its best efforts to manage, maintain, operate, lease or rent the PROPERTY including negotiating for, entering into, signing, renewing, transferring and/or canceling leases for the PROPERTY or any part thereof, except that the BROKER shall have the authority to execute and sign leases and renewals for terms not in excess of 2 years and a minimum rent amount of .
2. BROKER may advertise the premises, prepare and secure renting signs, renting plans, circular matter and other forms of advertising.
3. BROKER will inspect the PROPERTY on a regular basis when vacant and exercise supervision of the property when occupied. BROKER will make a diligent effort to screen potential tenants and to collect rents, but in no way guarantees rent collections nor tenancy, and is not obligated to refund commission in cases of tenant default.
4. BROKER shall use its best efforts in collecting and depositing all rents, miscellaneous income, and tenant security deposits to a RE/MAX Elite Property Management Trust Account, separate from the funds of other RE/MAX Elite accounts.
5. BROKER will disburse collected funds, except refundable tenant deposits, to the OWNER monthly, net of the operating expenses, unless instructed otherwise by OWNER. At no times are any of the funds of said bank account to be intermingled with the funds of the BROKER. Although monies belonging to OWNER may be co-mingled in such trust bank account with monies of other OWNERS for whom BROKER is rendering managerial services. BROKER shall not permit monies standing to the credit of the OWNER to be used to satisfy the obligation of any other owner. The said trust account may earn interest. BROKER as additional compensation for BROKER’S services will use any interest earned.
6. BROKER will issue by the 25th of the following month, an accounting monthly of all funds collected and/or disbursed on the OWNER'S behalf, including the balance of the tenant security deposits, and also a year-end bookkeeping package.
7. BROKER will pay from OWNER'S funds all fees, bills or charges, including service work, management fees and commissions due from management of this PROPERTY (see Section D, #2.)
BROKER’S RESPONSIBILITIES. In addition to the foregoing, the BROKER will perform the following functions on OWNER'S behalf:
a. Advertise and show the property for rent by means and methods that BROKER determines are reasonably competitive. BROKER shall make a good faith effort to obtain tenants for the PREMISES, but BROKER makes no guarantee that tenants can be found.
b. Negotiate and execute leases on OWNER'S behalf for the property at market rates and on competitively reasonable terms. BROKER shall, at BROKER'S discretion, establish, maintain, and terminate tenancies with tenants of the property. The BROKER shall have sole responsibility for establishing the terms and conditions for tenancies of the Property, including but not limited to approving applicants, establishing rents, deposits, fees, pet terms, and lease terms and conditions. OWNER acknowledges that BROKER will lower the asking price at BROKER'S sole discretion until a qualified tenant is secured. BROKER will not reduce the asking price below OWNER'S written minimum rental amount.
c. Make reasonable efforts to collect all the rents and other fees due from tenants when such amounts become due, and deposit same into an agency account maintained on behalf of the OWNER, but BROKER does not guarantee the payment of any tenant's rent.
d. Withdraw from such account all funds needed for proper disbursements for expenses payable by the OWNER including without limitation, BROKER'S compensation; and remit balance of rent to OWNER at OWNER'S address set forth in the Rental Property Profile Form with a written statement within 30 days of rent clearing, indicating said receipts and disbursements.
e. Collect and place into escrow accounts, at BROKER'S sole discretion and as required by law, security deposits under any lease. BROKER is authorized to disburse the security deposit at such times and to such persons as BROKER shall in good faith believe to be entitled to such funds in accordance with the South Carolina laws governing security deposits. Any interest earned on said deposits, shall with tenant's permission belong to BROKER. BROKER is authorized to offer tenants alternatives to a traditional security deposit by means and methods that BROKER determines are reasonably competitive. We offer Rhino as a modern alternative to security deposits. Instead of putting down cash up front, renters can use Rhino, a low-cost insurance policy that covers the same things a traditional security deposit would have.
BROKER’S RESPONSIBILITIES. The Broker agrees to maintain a Resident Broker’s insurance license in the Licensing State for property and casualty insurance and to adhere to the laws and responsibilities that apply. A copy of said license is annexed to this Agreement, as Schedule “B”. Subsequent renewals of said license will be submitted to IAAC in a timely manner.
BROKER’S RESPONSIBILITIES. Comply with all laws and regulations related to originating/referring these types of loans.
BROKER’S RESPONSIBILITIES. Broker agrees to employ the best effort of Broker and Broker’s agents and staff to secure a contract of sale for the described property upon such terms as may be agreeable to Owner. Broker’s efforts shall include:
(a) Directing the efforts of Broker’s organization to bring about the sale.
(b) Advertising the Property as Broker deems advisable.
(c) Furnishing such additional information as is necessary to cooperating real estate brokers and assisting such brokers in effecting a sale of the Property.
(d) Keeping Owner informed as to the progress of Broker’s efforts in finding a buyer for the Property.
BROKER’S RESPONSIBILITIES. The Broker shall:
a) solicit applications for group insurance policies and group annuity contracts (herein called the “Group Contracts”) only in the geographic area for which it is licensed;
b) immediately transfer to the Company, without any deduction whatsoever, any monies collected; all premiums or other amounts payable in respect of any Group Contract must be made payable to the Company;
c) obtain (and renew, as appropriate) all licenses and errors and omissions insurance required pursuant to applicable statutory and regulatory authority; where the Broker’s regulatory jurisdiction does not require errors & omissions insurance, the Broker shall obtain (and renew) errors and omissions insurance from an insurer and in an amount acceptable to the Company;
d) be responsible for the actions and conduct of representatives and employees and shall train, monitor and supervise the activities of its representatives and employees at its own cost and expense;
e) conduct its business activities, in accordance with the highest ethical standards and, in particular, shall comply with all federal and provincial laws;
f) observe and be bound by the Company’s Code of Ethics;
g) observe and be bound by the Company’s instructions, rules and regulations with respect to sales and the servicing of clients as the same may be published or communicated to the Broker and as amended or added to from time to time (collectively called “the Company’s Rules”);
h) attend, when requested by the Company to do so, informational and training sessions provided by the Company with respect to the Company’s Code of Ethics, the Company’s Rules and such other compliance and market conduct matters as the Company may determine (the “Compliance Sessions”);
i) cause its representatives and employees to observe and be bound by the Company’s Code of Ethics, the Company’s Rules and, where required by the Company, to attend Compliance Sessions;
j) promptly deliver to the Company all applications solicited by the Broker and keep regular and accurate accounts of all transactions with or for the Company. The Broker must, at the request of the Company, provide access to any documentation related to any Qnancial transaction undertaken by the Broker in relation to the Company;
k) promptly deliver to the Company any claim or complaint made against the Broker in connection with the Company;
l) notwithstanding that this Agreement may have been terminated, promptly deliver to the Company, on demand, computers, soR...
