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 clearing, indicating said receipts and disbursements; and
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. 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 Xxxxx.
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. 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, repairs, homeowner association dues, utilities in the event the home is vacant; and remit balance of rent to OWNER into OWNER’S designated account as set up and directed by OWNER;
c. Rent is due and payable from the Tenant on or before the 5th day of each month. If rent is paid on time by Tenants, then BROKER agrees to disburse balance of rent owed to OWNER by the 12th of each month. If rent is paid late, then BROKER agrees to disburse balance of rent owed to OWNER, including OWNER portion of late fees as soon as reasonably possible;
d. 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 Alabama laws governing security deposits. Any interests earned on said deposits shall belong to BROKER; and
e. The late fee charge for this property will be based upon the agreed upon monthly rental amount as stated in Paragraph 1 or as agreed to in the Lease agreement signed by the Tenant. A late fee of $50 plus two (2%) percent per day for each day of unpaid rent after the 5th of the month will be charged. The late fee will be split between the Owner and the BROKER if the late payment of rent has affected the OWNER receiving the disbursement as normally scheduled.
BROKER’S RESPONSIBILITIES. Comply with all laws and regulations related to originating/referring these types of loans.
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 “A”. Subsequent renewals of said license will be submitted to IAAC by Broker in a timely manner.
BROKER’S RESPONSIBILITIES. In addition to the foregoing, the BROKER will perform the following functions on OWNER’S behalf:
BROKER’S RESPONSIBILITIES. Xxxxxx agrees to give his best reasonable efforts to find a purchaser for the property. Broker shall not have custody of said property and shall not be responsible for maintenance, upkeep or repair of such property.