Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Advertisements


Sponsored Links
Good Idea!
The ultimate marketing tool

Advertisements
How To Advertise Here
How To Advertise Here

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28267633
No new orders today 13101593
Stupid MLS comments. 3276536
What do you know about Froy Candelario, top agent in USA 1189278
Stupid QC comments and BPO requirements. 1061064
New HUD Listing Brokers---Any Update? 1028055
Is there religious content in Buffini class? 822472
Let's talk about our cars 670855
Name that Flick. Great movie Lines. 602671
Pay it Forward - BPO/REO Tips & Tricks I & II 592251
Most common items found at an REO 575767
EML 459232
REOTRANS 440702
Main Street 419363
asset val seminar in colorado 407126
assist 2 sell or 1 percent realty? 340414
HOMONYMS - There, Their, and They're 306735
Evalonline 300191
Land America 285052
Mainstreet 261859
Matched Content
Topic Options
Rate This Topic
#450415 - 02/09/16 05:35 AM Authorized to Sign on Behalf of Landlord?
DPowers Offline
Junior Member

Registered: 02/09/16
Posts: 2
Loc: MO
Hey eveyone!

I wanted to get other brokers thoughts on this. I am a broker in Missouri and I have a client that I handle leasing for (not management) that prefers that I sign the lease as a "authorized agent" on his behalf. Looking through our listing agency agreement with him I don't see any verbiage that mentions the ability to sign on his behalf.

Has anyone experienced this? I have no problem signing on this behalf but just want to make sure I can legally do that without raising a red flag to the real estate commission if audited.

Top
Advertisements
#450417 - 02/09/16 06:29 AM Re: Authorized to Sign on Behalf of Landlord? [Re: DPowers]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7717
Loc: Vermont's North-East Kingdom
Does your Errors and Omissions cover you for that activity?

Let's hope it doesn't; because that activity opens up a whole other can of worms; and I doubt that your Leasing Fees will adequately cover the costs you'll eventually incur in the CourtRoom.

If you don't know, just ask your E&O Carrier, or your Insurance Agent Salesman ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#450420 - 02/09/16 08:18 AM Re: Authorized to Sign on Behalf of Landlord? [Re: Vermont]
DPowers Offline
Junior Member

Registered: 02/09/16
Posts: 2
Loc: MO
Thanks for the suggestion. Yea I haven't even considered asking my insurer that question, I am doing that now. But if I would be considered an extension of the landlord and signing on his behalf wouldn't that liability pass thru to him? Just thinking out load here... not sure it would either.

Top
#450421 - 02/09/16 08:31 AM Re: Authorized to Sign on Behalf of Landlord? [Re: DPowers]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7717
Loc: Vermont's North-East Kingdom
Originally Posted By: DPOwers
". . .if I would be considered an extension of the landlord and signing on his behalf wouldn't that liability pass thru to him . . ."

Seems logical . . . . "IF" he still feels inclined to absorb that liability when things don't go quite as nicely as we'd want.

Ever wonder why Real Estate Contracts (like P&Ss or Extensions, Amendments, Addenda or Maintenance Agreements) are only valid when executed by the Principals . . . . why not Warranty Deeds too ?

Ever hear the words "I never agreed to that !" . . . . ?

Here in Vermont, we only "prepare" Contracts on behalf of others; not Execute them. Even if Missouri Law allowed you to go beyond that, I wouldn't do so.

When things go sour . . . . no one ever volunteers to take on a responsibility that they can shuffle off onto someone else.

Are you a Gambler ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#451398 - 03/18/16 11:36 AM Re: Authorized to Sign on Behalf of Landlord? [Re: DPowers]
lanna Offline
Member

Registered: 05/28/12
Posts: 44
Loc: Arizona
Are you or are you not the landlord's authorized agent, per your listing agreement? It sounds like the landlords's preferred verbiage is redundant and unnecessary. A broker/agent typically signs contracts identifying himself as an agent, separate from the landlord/owner's signature, so the relationships are clear.

By the same token, a licensed salesperson signs contracts on behalf of his employing broker, correct?

The landlord is probably incorrect in thinking that his verbiage will limit or transfer his liability.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
Dr.Brim, james luis, Snapple, Rockin m, 995junk
29793 Registered Users
Who's Online
1 registered (1 invisible), 66 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Long Walk 80
Vermont 41
estatereal 20
RonnieEmz 17
Flare616 16
Trouble 15
Snapple 12
Mr. Clean 11
Logan Five 11
Lucky Leonardo 10
waka 9
gitmonee 9
Analog Man 9
Flammable 8
TheTexasGal 8
Featured Member
Registered: 04/03/17
Posts: 147
Facebook

How To Advertise Here


This site presented by RNC Internet Services