The chain in which a cause and effect took place; a real estate agent "procuring" a ready and able person for purchasing a property
A broker will be regarded as the 'procuring cause' of a sale, so as to be entitled to commission, if his efforts are the foundation on which the negotiations resulting in a sale are begun" Coles versus Pattison, 189 Okl. 160, 114 P. 2d 457, 458. Pro forma. A set of figures projecting costs and income on a proposed new property. Used as a basis for capitalization.
That effort which brings about the desired results. Also called predominant efficient cause or the contributing cause.
the act of the broker which is instrumental in effecting the meeting of minds between the seller and the buyer as to price and terms. It is one of the requisites for entitlement to commission.
That event originating from another series of events that, without a break in continuity, results in an agent's producing a final buyer. Proximate cause. A broker is the procuring cause of a sale if his or her efforts set in motion an unbroken chain of events that resulted in the sale. Back to the Top
The effort that brings about the desired result. The broker who is the procuring cause receives a commission.
A legal term that means the cause resulting in accomplishing a goal. Used in real estate [or business brokerage] to determine whether a broker is entitled to a commission.
That effort which brings about the desired result, as in producing the buyer for the listed property.
The person whose efforts are the cause of an executed sale contract, regardless of who actually writes the contract
The action or person who brings about the desired result; e.g., under an open listing, the broker who brings in the buyer who actually purchases the property
In a real estate transaction, it is that cause originating a series of events which results in the prime objective of an agent's employment; i.e., producing a ready, willing and able buyer.
a legal term that means the cause resulting in accomplishing a goal. Used in real estate to determine whether a broker is entitled to a commission. -- View Real Estate Listings