Sentences with phrase «broker issues stated»

Not exact matches

The Municipal Securities Rulemaking Board (MSRB) writes investor protection rules and other rules regulating broker - dealers and banks in the United States municipal securities market, including tax - exempt and taxable municipal bonds, municipal notes, and other securities issued by states, cities, and counties or their agencies to help finance public projects or for other public policy purStates municipal securities market, including tax - exempt and taxable municipal bonds, municipal notes, and other securities issued by states, cities, and counties or their agencies to help finance public projects or for other public policy purstates, cities, and counties or their agencies to help finance public projects or for other public policy purposes.

The case prompted Silver's resignation from a leadership role that made him one of the state's foremost power brokers, roiling a state capital where 28 legislators have stepped down because of criminal or ethical issues during the past 15 years.

This role also involves brokering various stakeholder interests and contending with unfunded state mandates, among other escalating education issues.

Regulating the market helps control how life insurance coverage availability is offered to high - risk individuals.Other key functions of state regulations include agent and broker licensing to maintain a high caliber of insurance professionals and consumer services that give people options for resolving insurance issues and comparing their options.

This issue is not so much about federal regulations or inconsistencies between state laws and RESPA so much as is about HUD recognizing agency representation for the borrower as a compensable service, fair and equal application of RESPA to all costs (including borrower's broker), and a formal acknowledgment that some brokers are intermediaries that sell access to money while others are fiduciaries.

That widely distributed pitch prompted Nevada regulators to issue a «fraud alert» warning that «consumers, brokers and lenders that complete, submit or participate in the completion and submission of an application for credit that contains misrepresentations or false information are subject to administrative actions and potential criminal penalties by the state.»

Talk to an insurance adviser / broker licensed in your state for a proper insurance advice, and a lawyer for legal advice on liability issues.

He advises public companies, broker - dealers, investment advisers and financial institutions on federal and state regulatory matters, disclosure issues and compliance matters.

We advise registered representatives and companies on FINRA conduct rules, including broker check disputes and Form U4 / U5 issues; defend companies and individuals in FINRA regulatory investigations and enforcement proceedings; represent companies and individuals in industry and customer disputes in the FINRA forum; and litigate cases arising under federal and state securities laws.

Whereas states previously would issue separate licenses for agents and brokers, most states now issue a single producer license regardless if the person is acting on behalf of the insured or insurer.

Lincoln LifeElements ® Level Term (2017)-- 03/12/18 is issued on policy form TRM6063 and state variations by The Lincoln National Life Insurance Company, Fort Wayne, IN, and distributed by Lincoln Financial Distributors, Inc., a broker - dealer.

Regulating the market helps control how life insurance coverage availability is offered to high - risk individuals.Other key functions of state regulations include agent and broker licensing to maintain a high caliber of insurance professionals and consumer services that give people options for resolving insurance issues and comparing their options.

The state's insurance commissioner has issued the penalties to brokers and agents as well.

However, in some states, HIV positive individuals can purchase small amounts on a «guaranteed issue» basis from «special risk» or «impaired risk» brokers.

Every state in the US has its own individual requirements to issue an individual broker license.

Administer broker operations for assigned state, support agents, and handle all operations issues including compliance and risk management.

«Many of the complaints about inaccurate criminal records really stems from data brokers that amass massive amounts of raw data form courts, law enforcement, states and prison systems,» says Rosen, a frequent speaker on background checks issues.

NUFIC (City, ST) 1998 — 1999 Underwriting Technician • Selected to provide underwriting assistant support to the underwriting staff across the United States • Assist underwriters in the preliminary underwriting screening process • Enter submission information into the underwriting systems and prepare / complete quote submissions • Prepare underwriting working files for new submissions • Serve as corporate liaison handling broker servicing issues and general inquiries • Research local underwriting files and appropriate systems to respond to collection issues • Participate and assist with audits on a monthly basis to evaluate the degree of risk by account

Last week, the National Association of Real Estate Brokers (NAREB) issued a first ever report on the «State of Housing in Black America.»

As detailed below, four states — Michigan, Nebraska, Tennessee, and Texas — all issued rules that require licensee advertising to include the broker name.

After writing my last article (Brokerage stability: Time for due diligence, October REM), I received a number of emails from salespeople and brokers stating that they appreciated the fact that a light was shone on the broker stability issue.

At issue in Burk Baker v. Maclay Properties Company, was the constitutionality of a former Louisiana statute requiring reciprocity for real estate licenses for out - of - state residents and a related regulation governing out - of - state broker cooperation.

It's also an opportunity to for managing brokers and broker - owners to educate their salespeople on important state and federal issues such as tax laws, ordinances, and other policies that directly affect business.

«After - the - fact referral fees are an issue that brokers in this state are complaining about,» says Anne Woody, the commission's deputy director.

A Hawaii court found that the «Frog Addendum» alerted the buyer to a potential issue and also stated that the broker had no duty to disclose that the surrounding neighborhood was allegedly frequented by drug dealers and prostitutes.

Fried v. David Berry Realty (17 A.D. 3d 405) brokerage agreement entitled broker to a commission when there is a meeting of the minds and a tenant was procured who was ready willing and able to lease upon the owner's terms; lease procured directly by owner conditioned lease upon obtaining operating certificates from the New York State Department of Health and the New York State Office of Mental Health; there was nothing in the record to indicate that approval by NYSOMH, which was denied, was a «term» imposed by owners and therefore triable issues of fact exist as to whether the broker's commission was earned.

Heelan Realty and Development Corp. v. Ocskasy (27 A.D. 3d 620)- broker's claim dismissed; although testimony supported conclusion that the contractional relationship of the parties continued beyond the expiration date of the written listing agreement, the broker failed to present legally sufficient evidence of its entitlement to payment of a brokerage commission; prospective buyer's principal testified that buyer was not advised regarding the environmental contamination and subsequent remediation of the property, that regulatory approvals of the clean up work had not been obtained and was unable to state that the prospective buyer would have consummated the purchase had it been aware of the contamination issues; broker failed to establish that buyer was ready, willing and able to purchase the property and that there was a meeting of the minds between the buyer and the seller

25 DOS 97 Matter of DOS v. Costello - amendment of pleading to conform to the proof; proper business practices; failure to pay judgment; pleadings may be amended to conform to the proof so long as an issue has been fully litigated and is closely enough related to the stated charges that there is no surprise or prejudice to the respondent; broker conducting business under name other than on license demonstrates incompetency; failure by broker to satisfy judgment demonstrates untrustworthiness; broker may be held liable for failure to satisfy judgment against corporation where broker controls the corporation; $ 750 fine and license suspension until judgment satisfied

SageGroup Associates v. Dominion Textile (USA)(244 A.D. 2d 281)-- the «able» prong of the ready, willing and able test refers to the prospective subtenant's financial ability; although broker established he procured a prospective subtenant ready, willing and able to sublet on terms set by the prospective sublessor, the parties» disagreement as to the terms of their oral agreement raised triable issues of fact precluding summary judgment in favor of either party; no cause of action exists in quantum meruit, unjust enrichment and account stated where there is an express contract governing the broker's right to a commission; broker lacks standing to claim tortious interference with contract against landlord for refusal to grant tenant permission to sublease because broker is neither a party to nor an intended beneficiary of the sublease rejected by the landlord.

While all REALTORS ® are state - issued licensees as agents or brokers, the major difference between a «real estate licensee» and a REALTOR ® is that REALTORS ® have taken an oath to subscribe to a stringent, enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment of all parties in a transaction.

From the Florida court, therefore, a warning to anyone who wants to circumvent Florida Chapter 475: it is considered an «important public policy in Florida» that real estate brokers are strictly regulated, and that licenses be issued only to «qualified persons of good character» because this is best for the Florida public interest, to protect the state's citizens.

128 DOS 93 Matter of DOS v. Vuksanaj - motion to conform pleadings to proof granted where (i) additional evidence wouldn't have been presented if the charge had been stated in the complaint and (ii) issue was actually litigated and was within the «broad framework of the pleadings»; broker's authorization to execute lease on behalf of landlord must be in writing to be valid (G.O.L. § 5 - 703); no commission earned on void lease (due to lack of written authority for broker to sign for landlord); broker is undisclosed «double agent» - thus «fails to make clear» for which party he is acting (NYCRR 175.7); broker is not «managing agent» under NYC Rent Stabilization Code unless (i) broker has ownership or financial interest in property or (ii) performs managerial duties; separate escrow account (§ 175.1) not required when broker is not holding escrowed funds; holding funds overnight does not trigger requirement for escrow account (returned next day upon demand); unlicensed name used in commission agreement but lack of intent to mislead considered in mitigation; restitution of unearned commission

One proactive step brokers can take is to invite a lawyer to an upcoming sales meeting to talk about common legal issues or changes to state law.

An affiliation of 67 of the leading independent brokers in the United States and Canada, the Alliance has given larger companies a united voice on key industry issues such as MLS regulation and banks entering real estate.

The mortgage broker, in this instance may be inclined to issue a stated income loan.

189 DOS 99 Matter of DOS v. Naftal - listing agreements; deposits; unauthorized practice of law; vicarious liability; amendment of pleading to conform to the proof; improperly altering listing agreement without the consent or knowledge of principal to show the potential commission split with buyer's broker to meet MLS requirements; preparing and submitting fraudulent MLS change notifications purporting to extend and alter listings; deposit of escrow funds into operating account; preparation of lease constitutes the unauthorized practice of law; pleadings may be amended to conform to the proof and encompass a charge not stated in the complaint where the issue has been fully litigated by the parties and is closely enough related to the stated charges that there is no surprise or prejudice to the respondent; continuing to offer properties for sale after preparation of forged listing extensions violates 19 NYCRR 175.10; DOS fails to establish violation of 19 NYCRR 175.12 for failure to provide copy of listing extension where extension was not authorized by principal; DOS fails to demonstrate demand for unearned commission where broker may have believed they were entitled to a commission; broker's licenses suspended for one year and thereafter until such time as restitution in the amounts of $ 5,000.00 and $ 2,055.40 is made

The comment further stated that if the mortgage broker provides an erroneous disclosure, the creditor is responsible and may not issue a revised disclosure correcting the error.