Brokerage Agreement Parties

The advantage of the brokerage contract is a clear communication between the buyer and the broker. This is a great opportunity to discuss who will accomplish what tasks. Some tasks to discuss are as follows: If a disagreement occurs between the broker and the client and the client wishes to change brokers, it is best to revoke or terminate the brokerage contract made before signing a new brokerage contract. In this way, it is clear which broker represents the party. If you don`t, you may have to pay a commission to more than one broker for the same transaction. Three joint brokerage contracts are the agreement between an investor and a stockbroker, between a buyer or seller and a real estate agent, and between an insurance producer – commonly known as an « insurance broker » – and an insurance company.

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