I have a replacement agreement with my client and we have a contract for the purchase of a house awaiting closure to the title company. I just received a surprise letter from a move in which I announced that I had to pay them a transfer fee and that I should not discuss this payment with my client. What am I supposed to do? Nar defines the cause of supply as “the uninterrupted series of cause-and-effect events that lead to a successful transaction.” The Commission`s disputes must be assessed on the basis of all relevant facts and circumstances that lead to a sale. The rules of the thumb and other predefined ideas should be ignored. A cooperating broker wrote an amount of compensation in the broker`s information area on page 9 of the housing contract, which differs from the amount of compensation I offered as a listing broker in the MLS. When I drew her attention to this case, she said that she had always been paid and that she would not change the amount or the practice. Can she? However, a seller and a buyer could sign the brokerage fee payment contract if the stockbroker did not offer to pay a commission, for example. B if the property is not mentioned in the MLS. Note that the agreement stipulates that either the seller or buyer will pay the brokers. Although a written agreement is not required by law, a clearly drafted agreement, executed prior to the initiation of services, can help to avoid litigation across the board. Yes, yes.
Section 535.131 of the TREC rules allows a licensed Texas real estate agent to cooperate with brokers and share commissions with licensed brokers in other states; However, all negotiations in the Texas United States must be conducted by The Texan licensees. Depending on the reputation of some agencies, individual brokers or the specific circumstances of the buyer, it may be advantageous to explore the different types of brokerage representations in order to ensure the best possible deal. The agency relationship of a broker cooperating with the buyer is not determinative for the cause of the supply. However, the date of publication of the agency`s status by the cooperating broker may infringe his right to a commission. For example, if a buyer decides at the last minute that he wants to be represented by a buyer`s agent, although the original broker discloses his sub-agent status early in the relationship, the series of events that lead to the sale have probably not been broken by any action or inaction on the part of the original broker. The original broker would be the cause of the sale. On the other hand, if the sub-agent does not disclose his status until the buyer receives information about the market value of the property and the buyer feels obliged to receive information from another broker, the failure of the sub-agent to explain the status of the agency from the outset may be the event that the buyer finds another broker. The second broker would be the cause of the sale. The seller and buyer should not sign the brokerage fee payment contract if the stockbroker has already agreed to pay the commission of the broker who cooperated elsewhere – which could force the seller or buyer to pay additional sums to the listing broker or cooperating broker that he does not intend to pay. The revised Farm and Ranch Contract, which will take effect on January 1, 2016, now includes this instruction on page 9 below.