does a person who has a licence in real estate legal to assist a buyer even though this person is not connected with the association and a broker?
I had been a whole time truly property agent on the grounds that 1978. I could not ever supply a customer the dealers quantity- if the customer needs to supply them their quantity they may be able to- however no longer me. A new agent would possibly not recognise any bigger- that's the way it mostly occurred. You are accountable for a few matters even now. But frequently it could be like this name- wherein they simply have no idea wherein a reduce off is or some thing. In a few circumstances a vendor misrepresented whatever within the sale and the customer could be competent to sue- however that's very infrequent.
An independent real estate agency is one that is not one of the major franchised real estate brokerages. Century-21 and Keller Williams are considered franchised agencies even though individuals own a particular franchise. Independent real estate agencies are considered mom and pop mostly though there are several large independent agencies in certain parts of the country. A person with a real estate license must associate themselves with a real estate broker in the state in which they which to do business such as selling and buying properties for sellers and buyers. I hope this has been of some benefit to you, good luck. FIGHT ON
Yes. An attorney is not bound by the same rules as a Realtor, real estate agent, or sales associate. In fact, here in Texas, Para 24 of our contracts encourages attorney representation for legal counsel, should buyer and/or seller elect to do so. Attorneys rarely are connected with associations or brokers within the real estate industry as is your Realtor, real estate agent or sales associate. In answer to your original question: What is an independent real estate agency? It's an agency comprised of sales associates and brokers with one designated broker. Every agency has to have a designated broker to take on any liability issues that may occur. All sales associates require direct relationship to a broker to hang their license. Independent typically means it stands alone, like your boutique firms and RE/MAX* offices as opposed to the franchised offices like Wiechert, Century 21, Prudential, Coldwell Banker, and Keller Williams to mention a few. Franchised offices will have one designated broker for all of their offices within a particular territory. Independent agencies have one designated broker per office. *RE/MAX is a franchise, however it is sold differently as other franchises. Each state has one who owns the franchise for that state and then sells territorially, thus each office is separately and independently owned requiring its own designated broker. Many competing agents own a RE/MAX office, unlike, other franchised offices, like those mentioned above, who have non-competing, often former agents as managers for each of their offices, with one designated broker for a cluster of offices.
to answer your question: NO! a person HAS to be associated with a broker in order to do business as a licensee. Real estate law regulates that every licensed salesperson place their license with a qualifying broker in order to do business, since technically when the contract is created, its between you and the BROKER not the salesperson. The salesperson is sort of a sub-agent for you working FOR you ON BEHALF of the broker. Anybody trying to tell you otherwise id be reeaaaalllyy careful in dealing with them. Hope this helps...
