Why is it even necessary to have a brokerage agreement with a buyer or tenant?<\/strong><\/p>\n The brokerage agreement serves multiple purposes. \u00a0The first and perhaps most obvious reason is that the agreement establishes a client-agent relationship. \u00a0It is only under this arrangement that a consumer be treated as a client and provided with the licensee’s expertise, advice and guidance. \u00a0A second reason is to establish the broker’s compensation. \u00a0Without a written brokerage agreement, there is no compensation agreement in place and that could mean the broker would serve as a gratuitous agent for the consumer. \u00a0A third reason is that the GAR brokerage agreements have all of the required disclosures that must be made to a consumer at the first significant meeting. \u00a0These include the agent relationships offered by the broker and how the broker is compensated among others.<\/p>\n Although many licensees choose to delay the conversation about brokerage agreements, this is not a good practice. \u00a0In recent times, more and more buyers and tenants are refusing to sign a brokerage agreement if they have received all the assistance they needed.<\/p>\n Why can’t we refer to everyone who holds a real estate license as a Realtor?<\/b><\/u><\/p>\n There are a few things to cover here:<\/p>\n Tip Bits are answers to questions that have been posed by students and practicing licensees. Why is it even necessary to have a brokerage agreement with a buyer or tenant? The brokerage agreement serves multiple purposes. \u00a0The first and perhaps most obvious reason is that the agreement establishes a client-agent relationship. \u00a0It is only under this arrangement that a consumer be treated as a client and provided with the licensee’s expertise, advice and guidance. \u00a0A second reason is to establish the broker’s compensation. \u00a0Without a written brokerage agreement, there is no compensation agreement in place and that could mean the broker would serve as a gratuitous agent for the consumer.… Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_wpcom_ai_launchpad_about_page":false,"_wpcom_ai_launchpad_gallery_page":false,"_wpcom_ai_launchpad_contact_page":false,"_wpcom_ai_launchpad_events_page":false,"_wpcom_ai_launchpad_video_page":false,"_wpcom_ai_launchpad_portfolio_piece":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"footnotes":""},"class_list":["post-24","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/Phhp7D-o","_links":{"self":[{"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/pages\/24","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/comments?post=24"}],"version-history":[{"count":4,"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/pages\/24\/revisions"}],"predecessor-version":[{"id":813,"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/pages\/24\/revisions\/813"}],"wp:attachment":[{"href":"https:\/\/joibostic.com\/index.php\/wp-json\/wp\/v2\/media?parent=24"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/u><\/b>What is the difference between executory and executed contracts?<\/u><\/b>\n\n
\n