Buyer agency definition

Buyer agency means a form of agency in which a real estate brokerage firm represents the buyer in an agency capacity as defined in this chapter.
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Buyer agency. Buyer hereby appoints Broker as Buyer’s Exclusive Agent, and agrees to conduct all negotiations for real property through Broker, and to refer to Broker all inquiries from prospective sellers and their agents during the term of this contract. Broker will make diligent efforts to locate and present appropriate properties to Buyer, to negotiate an acceptable offer on property, and to assist in the completion of the transaction. Disclosure: Broker shall inform all prospective sellers or their agents at the time of initial contract that Broker is acting in the role of a Buyer’s Agent. Broker will not disclose confidential information about Buyer without prior consent. Buyer will disclose to Broker all relevant personal and financial information.
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Buyer agency. The brokerage company (BIC) becomes the buyer's agent by entering into a written agreement with the buyer to represent the buyer. Buyer becomes the client of the company. Licensees associated with the company also represent the buyer/client as agents. A buyer's agent has the following fiduciary duties to the buyer: reasonable care, undivided loyalty, confidentiality, full disclosure, diligence, obedience, accounting in all dealings, and specific duties as defined in Section 40-57-137(H) of the South Carolina Real Estate License Law. In dealings with a seller, buyer's agent should exercise reasonable skill and care and deal honestly.
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Examples of Buyer agency in a sentence

  • Buyer agency occurs when the real estate broker represents the buyer in locating and assisting the buyer in negotiating for the purchase of property suitable to the buyer.

  • Buyer agency is sometimes referred to as buyer brokerage.Tenant agency is different from buyer agency in that the broker is representing a consumer who is seeking to lease rather than purchase property.

  • Buyer agency occurs when the real estate broker represen ts the buyer in locating and assisting the buyer in ne gotiating for the purchase of property suitable to the buyer.

  • Nothing contained herein shall alter any agreement between REALTOR® or broker and Buyer as contained in any Buyer agency agreement.

  • AGENCYThe Connecticut licensing laws and regulations allow a broker to enter into –Buyer-Agency contracts with potential purchasers / lessees Buyer agency agreement must be in writing before the salesperson attempts to negotiate on behalf of the buyer.

  • Buyer agency occursrelationship, the real estate broker is representing the client and is acting as his or her legal agent in buying, selling, or leasing property.

  • Buyer agency agreements are becoming more common, so the broker may represent the buyer and, in the case of dual agency, the buyer and the seller.

  • Buyer agency agreement for commercial property exclusive! When you can save a percentage of compensation will get paid a real estate llc main benefit based in.

  • Buyer agency According to the Law of Agency, the agent is presumed to be a buyer’s agent at the time he or she performs brokerage services.

  • Buyer agency According to the Law of Agency, the agent is presumed to be a buyer‟s agent at the time he or she performs brokerage services.


More Definitions of Buyer agency

Buyer agency. If you agree, the agent who gave you this form (and the agent s rm) would represent you as a buyer agent and be loyal to you. You may begin with an oral agreement, but your agent must enter into a written buyer agency agreement with you before making a written" oer or oral o" er for you.! e seller would either be represented by an agent a# liated with a di" erent real estate rm or be unrepresented.
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Buyer agency means a District department, office, or agency that places an
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Related to Buyer agency

  • Member Agency means a voting and dues paying municipal or other government entity located within Kitsap County which is a party to this Agreement.

  • User Agency means any person, organisation or company or department of the Central Government or State Government making a request for diversion or de-notification of forest land for non-forest purpose or using forest land for non-forest purpose in accordance with the provisions contained in the Forest (Conservation) Act, 1980 and the rules made and guidelines issued, thereunder.

  • Sending agency means a party state, officer or employee thereof; a subdivision of a party state, or officer or employee thereof; a court of a party state; a person, corporation, association, charitable agency or other entity which sends, brings, or causes to be sent or brought any child to another party state.

  • Accrediting agency means: an accreditor recognized by the U.S. Department of Education and whose scope of recognition, as specified by the U.S. Department of Education, includes Distance Education.

  • the Agency means the Environment Agency;

  • Sponsoring agency means Sandia; "Federal Government" or "government," in connection with government agencies or government property, shall mean the United States of America.

  • escort agency means a building used to provide an escort service for sexual services;

  • Provider agency means a funded organization under contract with the Children’s Board to deliver and provide social services and supports to children and families of Hillsborough County, FL.

  • Using agency has the same meaning as defined in Texas Government Code, Section 2166.001(10).

  • Public agency means the state or any local subdivision thereof, or any state or local department, agency, board or commission.

  • Receiving Agency means HHSC or DSHS, as applicable, Agency receiving the benefit of the goods or services provided under this Contract.

  • Regulatory Agency means any federal or state agency charged with the supervision or regulation of depository institutions or holding companies of depository institutions, or engaged in the insurance of depository institution deposits, or any court, administrative agency or commission or other authority, body or agency having supervisory or regulatory authority with respect to the Company, the Bank or any of their Subsidiaries.

  • Procuring Agency means all State of New Mexico agencies, commissions, institutions, political subdivisions and local public bodies allowed by law to entertain procurements.

  • Awarding agency means (a) with respect to a grant, cooperative agreement, or cost reimbursement contract, the Federal agency, and (b) with respect to a subaward, the party that awarded the subaward.

  • Contracting agency means the principal departments in the Executive Branch of the State Government, and any division, board, bureau, office, commission or other instrumentality within or created by such department, or any independent State authority, commission, instrumentality or agency, or any State college or university, any county college, or any local unit; with respect to this Contract, the contracting agency shall mean the Division;

  • Public safety agency means a functional division of a public agency, county, or the state that provides fire fighting, law enforcement, ambulance, medical, or other emergency services.

  • Host agency means a public agency, private nonprofit organization, or private sector employer, other than a political party, exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, which provides a training site and supervision for a participant.

  • Cooperating agency means any Federal agency other than a lead agency which has jurisdiction by law or special expertise with respect to any environmental impact involved in a proposal (or a reasonable alternative) for legislation or other major Federal action significantly affecting the quality of the human environment. The selection and responsibilities of a cooperating agency are described in Sec. 1501.6. A State or local agency of similar qualifications or, when the effects are on a reservation, an Indian Tribe, may by agreement with the lead agency become a cooperating agency.

  • City agency means each and every agency, department, board, commission, authority, employee, and/or official acting under the authority of the City, including, without limitation, the City Council and the Planning Commission.

  • Nodal Agency means the Madhya Pradesh Urja Vikas Nigam Limited, (MPUVNL) Bhopal;

  • Funding Agency means an organization or individual which provides facilities to receive and accumulate assets to be used either for the payment of benefits under a pension plan, or for the purchase of such benefits, provided such accumulated assets form a part of a pension plan established for the exclusive benefit of the plan participants and their beneficiaries. The fair market value of the assets held by the funding agency as of a specified date is the Funding Agency Balance as of that date.

  • Designated agency means a contractual relationship

  • Cognizant agency means the Federal agency responsible for reviewing, negotiating, and approving cost allocation plans or indirect cost proposals developed under this Circular on behalf of all Federal agencies. OMB publishes a listing of cognizant agencies.

  • Participating agency means any LEA, agency or institution that collects, maintains, or uses personally identifiable information, or from which information is obtained, under Part B of the IDEA.

  • Lead Agency means the agency facilitating the procurement and establishing the Contract.

  • State Contracting Agency means the department for which this contract is to be performed and for which the Commissioner or Authorized Designee acted in signing this contract.