Business Broker Engagement Agreement - Form Template
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Licensees who wish to utilize such forms in their real estate practice should have them reviewed and approved by an attorney prior to use.
The terms and conditions of this Agreement are as follows:. Broker will not counsel Client on legal matters, home inspections, public health, surveying, tax, financial or other technical matters which are outside of the scope of the Broker's expertise.
Broker has recommended to Client that Client seek the advice and counsel of qualified experts in connection with the physical condition of the property, its state of repair, water, termite, radon, lead and similar tests and as to legal matters with respect to the property. Client hereby acknowledges that it is Client's sole responsibility for obtaining such services and for retaining any experts which Client chooses to obtain. Broker is international trade brokerage agreement new york to compliance with all laws as well as the philosophy of fair housing for all people.
If Broker has an agency relationship with Client ["buyer's broker"], and Client expresses interest in property owned by a seller who has an agency relationship with Broker ["seller's broker"], a conflict has arisen. As a dual agent, the firm and international trade brokerage agreement new york agents cannot furnish undivided loyalty to either party.
As a dual agent, the firm and its licensee agents have a duty not to disclose confidential information given by one principal to the other principal, such as the price one is willing to pay or accept.
Such information may already be known to the firm and its agents. If the information is of such a nature that the agent cannot fairly give advice without disclosing it, the agent cannot properly continue to act as an agent. In either case, the brokerage commission will be paid by the seller in accordance with the listing agreement with the seller, unless different arrangements have been negotiated.
The buyer, seller and broker shall memorialize the option of their mutual choice international trade brokerage agreement new york executing a statutory disclosure notice. If there is no mutual agreement, the proposed transaction between buyer and seller shall not be pursued.
Client understands that other potential buyers may consider making offers on or acquire, through Broker, the same or similar properties as Client is seeking to acquire. Client consents to Broker's representation of such other potential buyers before, during and after the expiration of this Agreement.
In the event Client provides to Broker a check for purchase offer moneys, Client hereby instructs Broker to hold said check pending acceptance of the offer and to deliver or deposit said check when, as and if an offer made by Client has been accepted by owner. If Broker is also agent of the owner, Client acknowledges that upon acceptance of Client's offer and deposit of such funds, that Broker will be acting as agent of both the owner and Client with respect to such moneys and will release such moneys only as follows:.
Residential Income [ ]. Vacant Land [ ]. The undersigned Client acknowledges that [he] [she] has thoroughly read and approved each of the provisions contained herein and acknowledges receipt international trade brokerage agreement new york a copy hereof. The fourth quarter Legal Lines international trade brokerage agreement new york now available. This edition covers the misclassification of employees, escrow deposits, agricultural district disclosures and more.
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C - Breach of fiduciary duty. D - Commission disputes. E - Disciplinary proceedings. F - Duty to disclose. H - Intellectual property rights. I - Landlord Tenant. J - Listing Agreements. K - Purchase and Sale contracts. L - Respondent Superior. N - Statue of frauds.
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