What is broker of record in mortgage?
In real estate, a "broker of record" refers to a licensed real estate broker who supervises the real estate agents and brokers who work at a real estate company -- such as a sole proprietorship, corporation, partnership, or branch office.
What is the difference between agent of record and broker of record?
A BOR is a broker of record notice and an AOR is an agent of record. A Broker of Record is an agent designated by the policy holder to represent and manage the policyholders insurance policy.
What is a broker dealer of record?
Sample 2. Broker Dealer of Record with respect to any Note is the Broker-Dealer which placed the Order for such Note or whom the Existing Owner of such Note has designated as its Broker-Dealer with respect to such Note, in each case as reflected in the records of the Auction Agent.
What is a BOR letter?
What exactly is a Broker of Record (BOR) letter? Essentially, the Broker of Record letter is a contract in which you, as a business owner, designate an insurance agent (or broker) as your representative to an insurance company.