A waterfront home is valued at $3 million dollars. The seller and the buyer have assets of more than one million dollars. The parties have requested Designated Sales Associates, as each wants a single agent. What can the broker do

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18-07-2022
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A waterfront home is valued at $3 million dollars. The seller and the buyer have assets of more than one million dollars. The parties have requested Designated Sales Associates, as each wants a single agent. What can the broker do

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-07-21T17:35:22+02:00

The broker may inform the buyer and seller that only non-residential transactions are eligible for the designated agency, and then request their signatures on a permission form before switching to transaction brokerage. This is further explained below.

What is a broker?

Generally, a person who purchases and sells assets on behalf of other people.

In conclusion, The broker may inform the buyer and seller that authorized agencies are only permitted for non-residential transactions and get their signatures on a permission form before switching to transaction brokerage.