{"id":17439,"date":"2023-01-10T11:43:00","date_gmt":"2023-01-10T11:43:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=17439"},"modified":"2023-02-09T07:17:23","modified_gmt":"2023-02-09T07:17:23","slug":"procuring-cause","status":"publish","type":"post","link":"https:\/\/businessyield.com\/estate-planning\/procuring-cause\/","title":{"rendered":"Procuring Cause: Definition, Guidelines And US Guidelines.","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
When we talk about procuring cause, we get to understand its principles and meaning. However, we will be looking at the topics: procuring cause, real estate, definition, guidelines, and its effect in Florida.<\/p>\n\n\n\n
Now, let us take a good study on each of them.<\/p>\n\n\n\n
This may seem difficult to explain, which may be why the agent looks uncertain. Procuring cause boils down to which agent earns the commission if a dispute arises. For example, to receive the commission, the agent must show that they followed the rules; and did the necessary work laid out in the multiple listing service guidelines, between brokers when working with a customer<\/a>; and a second agent also lays some claim to that same commission.<\/p>\n\n\n\n The second agent must also prove that they followed the rules accordingly. The critical point is in settling which agent caused the buyer to write an offer; that results in the sale of the property. On the surface, it would seem simple to decide on, but it is not always that easy.<\/p>\n\n\n\n The procuring cause determines who receives a commission once the sale of a home is complete; the payment goes to the broker whose actions led the client to buy. Issues can arise if a buyer works with more than one broker or agent during the home buying process.<\/p>\n\n\n\n For example, let’s say one agent introduced the buyer to a property, and the buyer eventually purchased and finalized the sale with a second agent. If the agent claims they were the procuring cause of the sale, this could lead to a procuring cause dispute.<\/p>\n\n\n\n Next, we’ll take a look at Procuring Cause Real Estates.<\/p>\n\n\n\n In the context of a real estate transaction, procuring cause refers to actions that begin or are set in motion; a series of events that lead to the final sale of a property. <\/p>\n\n\n\n A procuring cause in real estate occurs when a real estate agent or broker produces a buyer for a property, and can sometimes lead to disputes with other agents.<\/p>\n\n\n\n Disputes are often cause by a customers’ lack of understanding, of how things work; coupled with a broker’s lack of attention.<\/p>\n\n\n\nProcuring Cause Real Estate<\/span><\/h2>\n\n\n\n