Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

LAW OF AGENCY BUYER REPRESENTATION AGREEMENT CASE STUDY On July 10, 2023, Harvey A. Househunter and his wife, Harriet B. Househunter, entered into a buyer

image text in transcribed
image text in transcribed
LAW OF AGENCY BUYER REPRESENTATION AGREEMENT CASE STUDY On July 10, 2023, Harvey A. Househunter and his wife, Harriet B. Househunter, entered into a buyer representation agreement with Quick Deal Real Estate to find them a home in Travis, Hays, or Williamson Counties. The broker is represented by Super Sales, a licensed real estate sales agent who will sign for the broker.. The contract is to terminate on October 30, 2023 with a protection period of 180 days. The buyer has authorized the broker to act as an intermediary if necessary. The buyer has agreed to secure a 4% commission for the broker, which is payable in cash in Williamson County, Texas. Quick Deal Real Estate #9056128 Harvey A. Househunter 8500 Research Blvd. Harriet B. Househunter Austin, TX 78758 102 Homeless Lane Office: 512-999-3000 Nowhere, TX 90101 Fax: 512-999-3019 Home: 512-000-0000 mail on @realestate.com Eax: 512-000-0001 Buyer/Tenant Representation Agreement between C. Client represents that all information relating to Client's ability to acquire property in the market area Client gives to Broker is true and correct. D. Name any employer, relocation company, or other entity that will provide benefits to Client when acquiring property in the market area: 8. INTERMEDIARY: (Check A or B only.) A. Intermediary Status: Client desires to see Broker's listings. If Client wishes to acquire one of Broker's listings, Client authorizes Broker to act as an intermediary and Broker will notify Client that Broker will service the parties in accordance with one of the following alternatives. (1) If the owner of the property is serviced by an associate other than the associate servicing Client under this agreement, Broker may notify Client that Broker will: (a) appoint the associate then servicing the owner to communicate with, carry out instructions of, and provide opinions and advice during negotiations to the owner; and (b) appoint the associate then servicing Client to the Client for the same purpose. (2) If the owner of the property is serviced by the same associate who is servicing Client, Broker may notify Client that Broker will: (a) appoint another associate to communicate with, carry out Instructions of, and provide opinions and advice during negotiations to Client; and (b) appoint the associate servicing the owner under the listing to the owner for the same purpose. (3) Broker may notify Client that Broker will make no appointments as described under this Paragraph BA and, in such an event, the associate servicing the parties will act solely as Broker's intermediary representative, who may facilitate the transaction but will not render opinions or advice during negotiations to either party

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Constitutional And Administrative Law

Authors: John Alder, Keith Syrett

11th Edition

1137606711, 978-1137606716

More Books

Students also viewed these Law questions

Question

Explain how to handle conflict effectively.

Answered: 1 week ago

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago