International Law: Doing Business in the United Arab Emirates
The UAE legal system does not distinguish between an agent and a distributor, they are referred to as commercial agents. Your legal counsel should make sure that the agreement specifies in detail the definitions of the terms used. The Ministry of Economy and Commerce handles registration of commercial agents. This is a Federal law applicable throughout the United Arab Emirates. An agency agreement may be terminated, however, a government committee may interfere should a dispute between the parties arise. Usually, the committee rules in favor of the local agent. In most cases, compensation to [suite...]
Date: 2005-04-23 23:08:00
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Multiple Listing Service « Colorado Springs Realtors
This policy applied to commercial entities which are also licensed brokerages, such as HomeGain, which solicit clients by internet advertising and then provide referrals to local agents in return for a fee of 25% to 35% of the commission. The DOJ’s antitrust claims also include NAR rules that exclude certain kinds of brokers from membership in MLSs. NAR has revised its policies on allowing access on web sites operated by member brokers and others to what might be considered as proprietary data. The case was settled in May 2008, with NAR agreeing that Internet brokerages would be given [suite...]
Date: 2009-11-24 22:45:06
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