The real estate industry is booming, and it is essential to have a reliable partner to help you navigate the business. Realtor.com is a revolutionary platform that connects buyers and sellers and has become a go-to destination for home buyers and sellers. The platform is owned by Move, Inc., and governed by an operating agreement that outlines its operations.
The Realtor.com operating agreement is a legal document that governs the operations, management, and decision-making process of the platform. The agreement is a binding contract between Realtor.com and its stakeholders. It outlines the purpose of the company, the rights and responsibilities of each party, and the procedures for decision-making, among other things.
The purpose of Realtor.com is to provide a public platform that connects buyers and sellers of real estate. The operating agreement states that the platform aims to list properties for sale or rent, provide accurate information about the properties, and enable buyers and sellers to conduct transactions. Additionally, it outlines that the platform operates under the National Association of Realtors® and follows its code of ethics.
The operating agreement also outlines the rights and responsibilities of each party involved in the platform. Realtor.com has the right to list properties for sale or rent, use the information provided by the sellers, and connect buyers and sellers. In return, sellers have the responsibility to provide accurate information about the properties, maintain their listings, and comply with the platform`s rules and regulations. Buyers have the right to access information about properties and have the responsibility to comply with the terms and conditions of the platform.
Moreover, the operating agreement outlines the decision-making process of the platform. Realtor.com has a board of directors that makes decisions on behalf of the platform. The board comprises representatives of Move, Inc. and the National Association of Realtors®. The board makes decisions concerning the management of the platform, the appointment of officers, and the approval of budgets, among other things.
In conclusion, the Realtor.com operating agreement is an essential document that governs the operations of the platform. By understanding the agreement, buyers and sellers can be assured of the platform`s accuracy, transparency, and reliability. Through this platform, thousands of homes have been sold and rented, and it continues to be a valuable asset in the real estate industry.