Knowledebase Tag: Intermediary
- If a salesperson or associated broker lists a property and has also been working with a prospective buyer under a representation agreement, how can the salesperson or associated broker sell this listing under the new law?
- Can salespersons act as intermediaries?
- What are the differences between the duties provided to the seller or landlord by the intermediary broker and the duties provided to the buyer or tenant by the appointed licensee?
- What is the difference between a dual agent and an intermediary?
- If a salesperson may provide services to a party under the new law without being appointed, why would a broker want to appoint a salesperson to work with a party?
- Can a broker representing only the buyer be an intermediary?
- How can the intermediary broker advise the seller or buyer on value, escrow deposit amount, repair expenses, or interest rates?
- When must the intermediary appoint the licensees associated with the intermediary to work with the parties?
- Is an intermediary an agent?
- May an intermediary appoint a subagent in another firm to work with one of the parties?
