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LSDefine

Simple English definitions for legal terms

sole selling agency

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A quick definition of sole selling agency:

A sole selling agency is when one person (the agent) is hired by another person (the principal) to sell something on their behalf. The agent can make decisions and take actions that bind the principal. There are different types of agencies, such as actual agency (when the agent is employed by the principal), agency by estoppel (when the principal's actions make it seem like an agency exists), and agency coupled with an interest (when the agent has a legal interest in the property being sold).

A more thorough explanation:

A sole selling agency is a type of exclusive agency agreement where a seller appoints only one agent to sell their property or goods. This means that the seller cannot appoint any other agents or sell the property themselves during the term of the agreement.

For example, if a homeowner signs a sole selling agency agreement with a real estate agent, they cannot list their property with any other agents or sell it themselves until the agreement expires or is terminated.

This type of agency agreement is beneficial for both the seller and the agent as it ensures that the agent has exclusive rights to market and sell the property, and the seller has the assurance that the agent will work hard to sell the property as they are the only one who will receive a commission.

sole practitioner | sole-source rule

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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