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Why is it important for your broker-shipper contract to state that you're a property broker?

User Qwazer
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Final answer:

Stating that you are a property broker in your broker-shipper contract is important to establish your legal status and rights. It clarifies your role and responsibilities in the transaction and ensures transparency for all parties involved.

Step-by-step explanation:

It is important for your broker-shipper contract to state that you are a property broker because it establishes your legal status and rights as a broker. By explicitly stating that you are a property broker in the contract, you ensure that all parties involved understand your role and responsibilities in the transaction.

Being a property broker grants you the right to enter into contracts with other parties using your property. As an individual or firm must own the property to enter into a contract, stating that you are a property broker in the contract clarifies that you have the authority to act on behalf of the property owner.

Overall, including your status as a property broker in the contract provides transparency and legal certainty for all parties involved in the transaction.

User Andrey Panasyuk
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