Who signs the Transaction Brokerage Agreement for the brokerage, in a brokerage that practises designated agency, when one industry member represents both the buyer and seller in the same real estate trade?
An industry member registered with a brokerage is a representative or agent of the brokerage when they provide services to consumers. Therefore, the industry member who is acting as a designated agent normally would have the authority to sign the transaction brokerage agreement as they would sign any other service agreement or form on behalf of the brokerage. This is common practice within the industry; however, the brokerage policy and procedures manual should have a clause allowing for this to occur.
Related Questions
- Who signs the Transaction Brokerage Agreement for the brokerage when one industry member represents both the buyer and seller in the same real estate trade?
- nsaction brokerage in a traditional brokerage (common law) and transaction brokerage in a designated agency brokerage?
- What are the real estate brokerage agencys disclosure responsibilities in the transaction?
