Real Estate Service means acquiring, developing, retaining, managing, holding, protecting, exercising, protecting, License and undertaking such various services and duties in relation to the Real Estate Assets in each instance in accordance with and as required by the Franchise Agreement (containing, for the avoidance of any doubt… an agreement by which the Franchisor and the Liable Party mutually agree that the foregoing and other provisions of the Franchise Agreement shall be construed to have been executed by and are binding on the parties hereto and their respective successors and representatives in furtherance of the objectives of the Real Estate Service. In any case, the foregoing shall be interpreted as not having any force or effect in any case other than the foregoing and not having any effect on the rights of the Franchisor under the Franchisor Agreement. The foregoing shall also not in any event prejudice or in any event affect the obligations of the Franchisor under the Franchisor Agreement to take care of the Real Estate assets in the exercise of the Franchisor’s rights under the Franchisor Agreement. Visit this website to find the Kensington homes for sale.
Further, no listing agent, broker, surveyor or appraiser engaged in the business of Real Estate Service shall undertake any action or responsibility affecting the sale, purchase or exchange of the Real Estate owned by the Liable Party hereunder without having first obtained the consent of the Liable Party in writing, signed in duplicate and delivered to such agent, broker, or appraiser, as the case may be, who shall forthwith deliver to the Liable Party, the information required for such action. The information required includes, but is not limited to, the name and address of the Liable Party, its complete address including street name, town and postcode and the names, addresses and telephone numbers of all agents, brokers and appraisers who have been appointed or are known to have performed Real Estate Service in the course of the business relating to Real Estate owned by the Liable Party hereunder. Such an order shall be made in duplicate and shall be subscribed by such representatives as soon as practicable after being so called.
In addition, no licensed Real Estate Agent, broker or appraiser shall offer any Real Estate Service to any person not a party to the first transaction under the franchise’s agreement between such persons. Such salesperson shall not provide any Real Estate Service to any person who at the time of offering such service fails to open a new principal lien or who fails to sign an assignment or other agreement with respect to the Real Estate provided to such salesperson. Nothing herein shall be construed to restrict the powers of any commission that may be paid by a Real Estate Agent, broker or appraiser under the FDCPA to any officer, employee or contractor of such company. Nothing herein contained or construed shall be construed to limit the authority of any government over a county or state or over a municipal corporation, as those terms are defined in the United States Constitution. To know how to sell a house, check out this homepage.
Real Estate Service includes, among other things, the act of offering assistance to a buyer in buying a Real Estate Property. It also includes assisting in the preparation of the purchase contract. The term ‘asset’ refers to any property that is acquired under contract. ‘Seller’ refers to any person who executes the contract with another. The term ‘asset’ and ‘buyer’ do not typically refer to same people.
In Real Estate Service, salespersons or brokers are not the only ones who execute the deed and transfer the ownership of the Real Estate to a party. After the execution of the foregoing they become ‘dominant’ in the meaning of the word. A brokerage firm, for example is a dominant firm in Real Estate Service when one of the parties executes the listing contract with it.
It would be convenient for the seller and buyers, if the real estate broker could perform the Real Estate Service for both himself and the sellers. However, the Real Estate brokers have a certain advantage for both the sellers and the buyers in Real Estate Service. As a seller, he can enjoy the confidence and goodwill of a real estate broker who has been proven successful in his Real Estate Service and as a buyer, he can have a peace of mind knowing that the real estate agent or the Real Estate Broker has been successful in his Real Estate Service and is willing to share the rewards with him. For more understanding of this article, visit this link: Get more info related to this topic on this page: https://en.wikipedia.org/wiki/Estate_agent.