Administrative Agency: A government agency that makes rules and regulations to carry out the law. A states real estate commission develops regulations to complement license law.

 

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Administrative Agency: A government agency that makes rules and regulations to carry out the law. A states real estate commission develops regulations to complement license law.

Express Agency: A stated (written or verbal) agency agreement.

Exclusive-Buyer-Agency-Agreement: This is a completely exclusive agency agreement. The buyer is legally bound to compensate the agent whenever the buyer purchases a property of the type described in the contract. The broker . . . View Full Definition

Farm Service Agency (FSA): Formerly the Federal Agricultural Mortgage Corporation (FAMC or Farmer MAC), the FSA is a federal agency of the Department of Agriculture. FSA offers programs to help families purchase or op . . . View Full Definition

Federal Agency Securities: A Federal Reserve action adding more reserves to the banking system, increasing the money available for lending, and making credit easier to attain.

Field Service Agency: Generally refers to any one of the following USDA agencies that administer programs and provide services to farmers and other rural residents through an extensive network of state and local . . . View Full Definition

Exclusive-Agency-Buyer-Agency-Agreement: Similar to the exclusive buyer agency agreement, this is an exclusive contract between the buyer and the agent. However, this agreement limits the brokers right to payment. The broker is ent . . . View Full Definition

Exclusive Agency Listing: A written listing agreement giving a sole agent the right to sell a property for a specified time, but reserving to the owner the right to sell the property himself without owing a commissio . . . View Full Definition

Dual Agency: An agency relationship in which the agent acts concurrently for both principals in a real estate transaction.

Emergency Feeding Agency: This refers to an organization serving the food needs of the poor and unemployed that is designated by a state as eligible for commodities and administrative support to distribute commoditie . . . View Full Definition