Broker Participant definition
Examples of Broker Participant in a sentence
Delivery Point The point at which delivery of the Commodity is to take place, as specified in the Product Specification, or, where provided for in the Product Specification, in each Order or, in relation to a Pre-matched Trade or Broker Pre-matched Trade, as agreed between the Trading Participants to the Pre-matched Trade or the Trading Participant and Broker Participant to the Broker Pre-matched Trade.
If Participant is a Broker, Participant represents and warrants the following to MLS: (a) Participant is a Realtor® in good standing; (b) Participant holds a current, valid real estate broker’s license; (c) Participant is a member of a Board in good standing; and (d) Participant is capable of offering and accepting cooperation and compensation to and from other participants in MLS’s multiple listing service in accordance with the Rules and Regulations.
If the violation is one that can be corrected, the MLS shall send a Notice of Violation-Warning (NV-W) to the violating individual (“Violator”), and a copy will be sent to the responsible Broker Participant (“Responsible Participant”), and /or Office Manager.
An individual, usually a Broker or Agent who is operating subordinate to a Designated Broker (Participant) who applies and is accepted by the MLS, and meets the requirements of the Association’s MLS Rules and Regulations.
Licensee and Broker Participant each agree at all times to develop, maintain, and display, as applicable, the Licensed Listings, the Display Websites, the Display Servers, the content of the Display Websites, and all of its business and business operations in a professional manner and in accordance with all applicable federal, state, and local laws, ordinances, and regulations and the Rules and Regulations.
Licensee and Broker Participant each hereby voluntarily submit and consent to, and waive any defense to, the jurisdiction of courts located in the Commonwealth of Virginia as to all matters relating to or arising from this Agreement.
If Licensee is an entity or person designated by Broker Participant as an AVP for purposes of operating a VOW for Broker Participant, then Licensee agrees to abide by and be governed under the Rules and Regulations regarding a VOW.
Licensee and Broker Participant each agree to be bound by and comply with all of the terms and conditions of the Access Standards, Technology Standards, and the Display Page Standards, including maintaining the Display Websites, Display Servers, and the Display Pages in accordance with the Technology Standards and the Display Page Standards.
Each Broker Participant has accepted the terms of the Broker Agreement.
If Licensee is an entity or person designated by Broker Participant as an AVP for purposes of operating a VOW for Broker Participant, then Broker Participant acknowledges that Licensee is subject to the Broker Participant’s supervision, accountability and compliance with the Rules and Regulations regarding a VOW.