Get the free A130 - Procuring Cause Agreement

PROCURING CAUSE AGREEMENT By and Between: Company Agent AND Company Agent Whereas an issue of procuring cause exists regarding: Buyer’s):

How to fill out a130 - procuring cause

How to fill out a130 - procuring cause:

1. Begin by obtaining the a130 form from the appropriate source. This form is typically provided by the real estate agency or broker involved in a transaction.
2. Read the instructions carefully to understand the purpose of the form and the information it requires. Make sure you have all the necessary information in hand before starting.
3. Start by filling out the basic details such as the date, the property address, and the names of the agents/brokers involved in the transaction.
4. Provide a detailed description of the property, including its type, size, amenities, and any special features that make it stand out.
5. Specify the terms and conditions of the agreement, such as the listing price, commission rates, and any additional agreements made between the parties.
6. Explain the role and actions taken by each agent/broker in the transaction. This includes documenting any efforts made to market the property, showcase it to potential buyers, negotiate offers, and facilitate the closing process.
7. Clearly state who the procuring cause is in the transaction. The procuring cause refers to the person or entity that initiated the series of events leading to the sale/purchase of the property.
8. Provide any supporting documentation or evidence that helps establish the procuring cause. This may include emails, contracts, showing logs, or communications that demonstrate the efforts made by the procuring agent/broker.
9. Review the completed form for accuracy and completeness. Ensure that all required fields are filled out and all information provided is correct. Make any necessary revisions before submitting the form.

Who needs a130 - procuring cause?

1. Real estate agents/brokers: The a130 - procuring cause form is primarily used within the real estate industry. Agents and brokers who are involved in a transaction, particularly those who are seeking commission payments, may require this form to establish their role and claim their rightful compensation.
2. Buyers and sellers: While buyers and sellers may not directly fill out the a130 form, they may need to be aware of its existence and importance. Understanding the concept of procuring cause can help them make informed decisions about which agent/broker to work with and ensure that they are protected in the transaction.
3. Real estate agencies and brokerages: The a130 form is essential for agencies and brokerages to maintain proper documentation and accountability. It allows them to track the efforts and contributions of their agents/brokers, determine commission splits, and resolve disputes in a fair and transparent manner.

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What is a130 - procuring cause?

A130 - procuring cause is a form used in real estate transactions to determine which party was the primary cause of the sale.

Who is required to file a130 - procuring cause?

The real estate agent or broker involved in the transaction is required to file a130 - procuring cause.

How to fill out a130 - procuring cause?

A130 - procuring cause can be filled out by providing details of the transaction, including the parties involved and the actions taken to facilitate the sale.

What is the purpose of a130 - procuring cause?

The purpose of a130 - procuring cause is to establish which party is entitled to receive the commission for the real estate transaction.

What information must be reported on a130 - procuring cause?

A130 - procuring cause must include details of the property sale, the parties involved, and the actions taken by the agent to facilitate the transaction.