< A seller and a buyer both currently have single agency relationships with the same brokerage. If they wish to enter into an in-house transaction while keeping some degree of representation in their individual agency relationships, what are their options? Both parties could remain in their single-agent relationships, each enjoying a fiduciary level of representation, including full disclosure and confidentiality. They have no options, so one party must be released from their agency relationship with the brokerage. Both parties could move to transaction broker relationships with limited representation by having each party sign a consent to transition notice disclosure. Move both parties to no brokerage or nonrepresentation relationships by having each party sign a consent to transition notice disclosure. >

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
icon
Related questions
Question
<
A seller and a buyer both currently have single agency
relationships with the same brokerage.
If they wish to enter into an in-house transaction while keeping
some degree of representation in their individual agency
relationships, what are their options?
Both parties could remain in their single-agent relationships, each
enjoying a fiduciary level of representation, including full disclosure
and confidentiality.
They have no options, so one party must be released from their
agency relationship with the brokerage.
Both parties could move to transaction broker relationships with
limited representation by having each party sign a consent to
transition notice disclosure.
Move both parties to no brokerage or nonrepresentation
relationships by having each party sign a consent to transition notice
disclosure.
>
Transcribed Image Text:< A seller and a buyer both currently have single agency relationships with the same brokerage. If they wish to enter into an in-house transaction while keeping some degree of representation in their individual agency relationships, what are their options? Both parties could remain in their single-agent relationships, each enjoying a fiduciary level of representation, including full disclosure and confidentiality. They have no options, so one party must be released from their agency relationship with the brokerage. Both parties could move to transaction broker relationships with limited representation by having each party sign a consent to transition notice disclosure. Move both parties to no brokerage or nonrepresentation relationships by having each party sign a consent to transition notice disclosure. >
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Principles Of Marketing
Principles Of Marketing
Marketing
ISBN:
9780134492513
Author:
Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:
Pearson Higher Education,
Marketing
Marketing
Marketing
ISBN:
9781259924040
Author:
Roger A. Kerin, Steven W. Hartley
Publisher:
McGraw-Hill Education
Foundations of Business (MindTap Course List)
Foundations of Business (MindTap Course List)
Marketing
ISBN:
9781337386920
Author:
William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:
Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing: An Introduction (13th Edition)
Marketing
ISBN:
9780134149530
Author:
Gary Armstrong, Philip Kotler
Publisher:
PEARSON
MKTG 12:STUDENT ED.-TEXT
MKTG 12:STUDENT ED.-TEXT
Marketing
ISBN:
9781337407595
Author:
Lamb
Publisher:
Cengage
Contemporary Marketing
Contemporary Marketing
Marketing
ISBN:
9780357033777
Author:
Louis E. Boone, David L. Kurtz
Publisher:
Cengage Learning