A licensed broker hired by a vendor, introduces the vendor to a ready, willing and able purchaser for the purpose of consummating a real estate transaction. ... Why the disparity in the outcome of these two seemingly similar cases? The answer lies in whether the broker was the procuring cause of the transaction.
findarticles.com/p/articles/mi_m3601/is_42_47/ai_760281... findarticles.com/p/articles/mi_m3601/is_42_47/ai_76028121/
ARBITRATION GUIDELINES TO HELP DETERMINE PROCURING CAUSE ... [T]he Board or its MLS may not establish a rule or regulation which purports to predetermine entitlement to any awards in a real estate transaction.
www.kaarmls.com/guidelinesfordeterminingprocuringcause.... www.kaarmls.com/guidelinesfordeterminingprocuringcause.htm
The increasing popularity of Buyer Agency, whether promoted by real estate agents in their marketing efforts or demanded by consumers in their selection of service options, may introduce more opportunities for agents to clash over ... Many agents are not familiar with the most recent changes in procuring cause procedures.
www.ired.com/news/2000/0008/pcmyths.htm
The National Association of Realtors has for decades maintained policies to resolve disputes that relate to "procuring cause" – a determination of which real estate professional started an ongoing c...
www.inman.com/news/2006/02/1/procuring-cause-who-gets-p... www.inman.com/news/2006/02/1/procuring-cause-who-gets-paid-in-real-estate-deals
Real Estate Procuring Cause- Overview ... Perhaps this is the most misunderstood issue among both consumers and Realtors in the Real Estate industry. This is closely connected to the related issue of buyer agency and the problem of the failure of many agents to properly disclose the potential for dual agency not only at...
www.procuringcause.com/ www.procuringcause.com/
Procuring cause vs. abandonment.(real estate brokerage regulation) ... find Real Estate Weekly articles. Brokers generally know that in the typical brokerage transaction, the broker is hired by the seller to procu... ... Brokers generally know that in the typical brokerage transaction, the broker is hired by the seller...
www.highbeam.com/doc/1G1-56692296.html
44 Comments on What the heck does "Procuring Cause" mean to anyone anymore in real estate Sales? ... As some of the comments indicated, buyers have the right to representation, and that is absolutely correct, but unless their agent is the procuring cause they shouldn't expect to get paid through the transaction.
activerain.com/blogsview/257689/What-the-heck-does
When ever you become aware of a potential procuring cause dispute the very first thing to do is to communicate with the other broker and try to resolve. It is easier to resolve at this point than it will be half way through the transaction. ... Anyone in CO, or any other state looking for Real Estate... DON'T SIGN IT!
activerain.com/blogsview/223459/Procuring-Cause activerain.com/blogsview/223459/Procuring-Cause
MCKINNEY V. CITY OF NEWPORT, KY; BUSINESS LAW: REAL ESTATE CONTRACTS and PROCURING CAUSE; 2006-CA-001045; PUBLISHED: AFFIRMING; PANEL: THOMPSON PRESIDING; WINE, ... In such situations, the party responsible for payment of the broker's commission may refuse payment based on the failure to complete the transaction.
www.kycases.com/2007/11/real-estate-sal.html www.kycases.com/2007/11/real-estate-sal.html
In this broad examination of procuring cause, we will pick ... In doing so, we aim to introduce the novice and reacquaint the seasoned broker with probably the most important of the three fundamental factors which the courts consider in determining whether a broker is entitled to a commission in a real estate transaction.
www.allbusiness.com/legal/laws-government-regulations/7... www.allbusiness.com/legal/laws-government-regulations/791649-3.html