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Real estate brokers have an inherent conflict of interest with the sellers they represent, because the usual commission structures of brokers motivate them to sell quickly rather than to sell at a higher price. However, a broker representing a buyer has a distinct disincentive to negotiate a lower price on behalf of their client, because they ...
Another potential conflict of interest can occur when the same firm finds itself representing two buyers who are competing for the same property. A real estate agency should have a written, objective policy for handling conflicts of interest, which should be disclosed to any potential client in advance. [4] Buyer Agency Agreements are where a ...
Economist Steven D. Levitt famously argued in his 2005 book Freakonomics that real estate brokers have an inherent conflict of interest with the sellers they represent because their commission gives them more motivation to sell quickly than to sell at a higher price. Levitt supported his argument with a study finding brokers tend to put their ...
EBA firms amount to less than 1/2 of 1 percent of all real estate firms in the US. [citation needed] The EBA business model of unconflicted buyer representation eliminates the possibility of the buyer being confronted with the conflicts of interest which may be associated with the Dual, Limited or Designated Agency business models. [citation ...
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Recusal is the legal process by which a judge, juror, or other adjudicator steps aside from participating in a case due to potential bias, conflict of interest, or appearance of impropriety. This practice is fundamental to ensuring fairness and impartiality in legal proceedings, preserving the integrity of the judiciary , and maintaining public ...
Articles relating to conflict of interest, situations in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another.
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