Common use of Participant Responsibility Clause in Contracts

Participant Responsibility. A. Participant warrants that Participant is both a licensed real estate broker and Participant of MSBR. B. Participant warrants that Authorized User possesses a valid real estate license and is in fact associated with Participant in an active effort to sell real estate or is a licensed or certified real estate appraiser affiliated with the MSBR Participant. C. Participant agrees to enforce the terms of the Agreement with respect to any Authorized User associated with him/her and understands that he/she is not relieved of any responsibility or obligation by the mere fact of such disassociation with Authorized User. D. Participant agrees to notify MSBR immediately, in writing, should the Participant or Authorized User terminate their relationship, or should the Authorized User's license be transferred. E. Participant agrees to take all responsible means to obtain Authorized User's Smart Card or cause Authorized User to return Smart Card to MSBR. The Participant will continue to be charged a service fee for the disassociated subscriber until the next billing cycle after the card is returned. If an Authorized User does not return the Smart Card, Participant agrees to furnish MSBR with copies of written correspondence of all attempts made to obtain said Smart Card. F. Participant agrees that he/she is jointly and severally liable, together with the Authorized User, for all duties, responsibilities and undertakings of the Authorized User under this Agreement and understands that failure to follow the provisions of the SentriLock Smart Card User Agreement may result in the loss of MSBR Smart Card privileges and, further, could cause MSBR to recall all Smart Cards issued to the Participant and the Participant's Authorized Users.

Participant Responsibility. A. Participant warrants that Participant is both a licensed real estate broker and Participant of MSBRMARS. B. Participant warrants that Authorized User possesses a valid real estate license and is in fact associated with Participant in an active effort to sell real estate or is a licensed or certified real estate appraiser affiliated with the MSBR MARS Participant. C. Participant agrees to enforce the terms of the Agreement with respect to any Authorized User associated with him/her and understands that he/she is not relieved of any responsibility or obligation by the mere fact of such disassociation with Authorized User. D. Participant agrees to notify MSBR MARS immediately, in writing, should the Participant or Authorized User terminate their relationship, relationship or should the Authorized User's license be transferred. E. Participant agrees to take all responsible means to obtain Authorized User's Smart Card or cause Authorized User to return Smart Card to MSBRMARS. The Participant will continue to be charged a service fee for the disassociated subscriber until the next billing cycle after the card is returned. If an Authorized User does not return the Smart Card, Participant agrees to furnish MSBR MARS with copies of written correspondence of all attempts made to obtain said Smart Card. F. Participant agrees that he/she is jointly and severally liable, together with the Authorized User, for all duties, responsibilities and undertakings of the Authorized User under this Agreement and understands that failure to follow the provisions of the SentriLock Smart Card User Agreement may result in the loss of MSBR MARS Smart Card privileges and, further, could cause MSBR MARS to recall all Smart Cards issued to the Participant and the Participant's Authorized Users.

Participant Responsibility. A. Participant warrants that Participant is both a licensed real estate broker and Participant of MSBRPGCAR. B. Participant warrants that Authorized User possesses a valid real estate license and is in fact associated with Participant in an active effort to sell real estate or is a licensed or certified real estate appraiser affiliated with the MSBR PGCAR Participant. C. Participant agrees to enforce the terms of the Agreement with respect to any Authorized User associated with him/her and understands that he/she is not relieved of any responsibility or obligation by the mere fact of such disassociation with Authorized User. D. Participant agrees to notify MSBR PGCAR immediately, in writing, should the Participant or Authorized User terminate their relationship, relationship or should the Authorized User's license be transferred. E. Participant agrees to take all responsible means to obtain Authorized User's Smart Card or cause Authorized User to return Smart Card to MSBRPGCAR. The Participant will continue to be charged a service fee for the disassociated subscriber until the next billing cycle after the card is returned. If an Authorized User does not return the Smart Card, Participant agrees to furnish MSBR PGCAR with copies of written correspondence of all attempts made to obtain said Smart Card. F. Participant agrees that he/she is jointly and severally liable, together with the Authorized User, for all duties, responsibilities and undertakings of the Authorized User under this Agreement and understands that failure to follow the provisions of the SentriLock Smart Card User Agreement may result in the loss of MSBR Smart Card PGCAR Lockbox System privileges and, further, could cause MSBR PGCAR to recall all Smart Cards issued to the Participant and the Participant's Authorized Users.