License Law and Administrative Rules Commission Policies Renewal Documents Approved Education Providers and Courses Continuing Education Requirements Online License Transfers Newsletters Fee Schedule Search for Litigation Indiana Foreclosure Prevention Network
Unlicensed Practice of Real Estate Frequently Asked Questions
Not exact matches
730 DOS 02 DOS v. New World Realty
of New York, Inc. — availing
of license; deposits; disclosure
of agency relationships; duty to supervise sales associates; failure to pay judgment; proper business
practices; DOS has jurisdiction where disciplinary action was started while individual was licensed as an associate broker and was eligible to automatically renew at the time
of the disciplinary hearing; salesperson owned voting stock in licensed corporate
real estate broker, failed to pay judgment and failed to present evidence
of inability to do so, and engaged in
unlicensed activity after license expired; representative broker availed corporate
real estate brokers license to salesperson; representative broker failed to properly supervise salesperson by permitting and authorizing salesperson to act as a
real estate broker; broker and salesperson failed to make agency disclosures and failed to deposit funds
of principal in a special bank account;
real estate transaction conducted was a fraudulent business
practice; DOS fails to prove the unauthorized
practice of law; salesperson's license revoked and salesperson ordered to pay refund
of $ 1,406.00
of illegal commission collected; representative broker's license revoked and broker ordered to refund $ 74.00
of illegal commission collected; representative broker fined $ 5,000.00
107 DOS 98 Matter
of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business
practices; deposits; fraudulent
practice; DOS fails its burden
of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service
of a notice
of hearing and complaint the party was (i) licensed to engage in regulated
real estate activities, or (ii) an applicant for either a license or for the renewal
of a license to engage in regulated
real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision
of RPL § 441 (2); ex parte hearing is permissible upon proof
of proper notice
of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time
of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a
real estate brokerage business under an
unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise
of right
of ownership over his principal's funds spawns conversion and constitutes a fraudulent
practice; DOS fails its burden
of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount
of $ 1,900 plus interest, fine
of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof
of payment
of restitution
168 DOS 98 Matter
of DOS v. Briggs — due process; failure to appear at hearing; proper business
practices; ex partehearing may proceed upon proof
of proper service; licensee changed location
of principal place
of business without notice to DOS and operated a
real estate brokerage business under an
unlicensed name;
real estate services rendered on behalf
of an
unlicensed entity are illegal; $ 500.00 fine, failure to timely pay fine will result in suspension
145 DOS 99 Matter
of DOS v. Reles - jurisdiction; proper business
practices; unearned commissions; surrender
of license by broker does not divest DOS
of jurisdiction; broker pleads no contest to charge that he conducted regulated
real estate transactions under an
unlicensed name; fees charged while conducting activity under an
unlicensed name are unearned; broker fails to execute written Consent Order and make restitution in accordance with no contest plea; license revoked, no action on further licensure until proof submitted
of payment
of restitution