For example, “Have you learned all your lines so you can go on?— Ready, willing, and able.” Although the general rule is that a broker is deemed to have earned a commission upon procuring a buyer who is In simple terms, the tribunal may now decide whether the individuals were "But there was a structural flaw in that plane, one they discovered months later, and all the good will of the pilot, passengers, and other personnel couldn't avert that disaster."
As stated in the English Court of Appeal, "where a prospective vendor binds himself to more than one estate agent [or broker], he may find himself liable to pay more than one commission", In the US, it has been said that where the seller is unable to deliver a good title, and the broker is aware of the defect, the broker has acted in bad faith and is not entitled to a commission, even if the buyer is properly procured; although some jurisdictions accept that this rule does not apply if the defect can be cleared (28 ALR4th 1007: Real-Estate Broker's Commission).In English law, if an estate agent, when "carrying out estate agency work", uses the term "ready, willing and able purchaser", he must explain in writing the intention and effect of those words to his client by using the following wording: "A purchaser is a 'ready, willing and able' purchaser if he is prepared and is able to [exchange unconditional contracts for the purchase of your property]. 3,543 posts, read 5,075,613 times Reputation: 3307 Every definition of the term "ready, willing and able" buyer that I've read requires the real estate agent to procure a purchaser who is 'ready, able and willing' to purchase the listed property at the terms specified by the seller and has the financial ability to complete the contract. Popular Real Estate Terms Office Of Interstate Land Sales Registration It means you have to pay the agent for finding a buyer, even if you decide not to sell.” It’s the kind of advice that might worry sellers. He must also be 'ready'; that is, he must have made all necessary preparations by having the cash or a banker's draft ready to hand over.
“Ready, Willing, and Able” is a term often used in listing agreements to describe the type of buyer that the real estate broker is seeking to find. Sellers and brokers both want to find prospective buyers that fit this description because it means they are dealing with someone that is “ready to go.”
ready, willing and able: adj. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.https://idioms.thefreedictionary.com/ready%2c+willing%2c+and+ableA phrase used to describe someone who is capable of and eager to do something. )Anno: 18 ALR2d 376: Broker—Commission—Deviation of Offer.Ready Able Willing | Ready Willing Able | Authoritative & Comprehensive Definition with Reference Sources This term, from the first half of the twentieth century, sounds like the reply of an overeager military recruit. 'Ready and willing' means that the purchaser must be prepared to enter into the contract on the terms offered and such a position should not be impeded by an outside factor, such as the fact that a prospective purchaser of a lease was not a suitable assignee for the existing landlord ('Ability' to purchase depends primarily on financial ability (In summary, in English law, it has been said that for a person to be 'ready, able and willing' to buy a property on terms deemed acceptable to the seller, the purchaser "must be a person who is 'able' at the proper time to complete; that is, he must have the necessary financial resources. Ready, Willing, And Able. Cliché eager or at least willing [to do something]. It includes this: “Ready, willing and able purchaser – Do not accept this! The Home Owners Alliance has produced advice for the public on estate agents’ contracts. ” Selling a property is not like selling a car or having a garage sale. He must also be 'willing'; that is, he must be willing to hand over the money in return for the conveyance … I [Lord Denning] can see no sensible distinction between instructions to 'find a purchaser', 'find a party prepared to purchase', 'find a purchaser able and willing to complete the transaction' and 'find a person ready, willing and able to purchase'. The rights and liabilities of house owners in these cases should not depend on fine verbal differences. Completely prepared and eager to do something. A standard listing agreement would state this. A broker supplying an offer from a ready, willing and able buyer, which meets the price and terms of the listing, is entitled to a commission, even though the seller is not bound to accept the offer. That's the "Our team is read, willing, and able, boss—we just need the order to start production.The senator has inspired a huge number of volunteers who are ready, willing, and able to campaign for her presidential election bid.If you need someone to help you move furniture, I'm ready, willing, and able.Fred is ready, willing, and able to do anything you ask him. In a property having a listing contract, if the real estate broker secures a client who is a ready, willing, and able buyer, then he or she is entitled a commission. “Are you sure you and/or your family members are Ready, Willing and Able [RWA, in real estate terms] to really sell your property and close this ? ready, able and willingor ready, willing and able As defined and explained in Real Estate Defined An expression used to describe a prospective purchaserwho is in a position to sign a bindingcontract; one who is prepared, legally capable and financially able to purchase a property.