Broker Auction Team, LLC
Office Policy with Regard to Agency Relationships
When we are acting as the Listing Broker, we will offer cooperative compensation to all Licensed Brokers that are:
- Acting as the Buyer’s Agent
- Acting as a Limited Agent with full disclosure and approval of both the Seller and
the Buyer.
When we are acting as the Listing Broker, we represent the Sellers as their Agent.
When we are acting as the Selling Broker, we represent the Buyers as their Agent.
When selling our own listing to a Buyer, we offer Buyer Agency except when:
- The Listing Agent is also the Selling Agent.
- The Principle Broker is acting as both the Listing Agent and Selling Agent.
In either of these situations, a Limited Agency relationship occurs.
Limited Agency is allowed under the law if both the Buyer and the Seller agree to this agency relationship in writing at the time the purchase agreement is accepted.
|