Sentences with phrase «while real estate licensees»

While every real estate licensee has a responsibility to comply with the Real Estate Services Act (RESA)-- which includes ensuring they are in compliance with the Real Estate Services Regulation (Regulation), the Council Rules, and the Council Bylaws — for managing brokers there is an even higher duty of care.

Active Charge of Strata Management Brokerages While every real estate licensee has a responsibility to comply with the Real Estate Services Act (RESA)-- which includes ensuring they are in compliance with the Real Estate Services Regulation (Regulation), the Council Rules, and the Council Bylaws — for managing brokers there is an even higher duty of care.

Not exact matches

While viewing a home for purchase, the purchaser inquired to the real estate licensee regarding a neighbor who confronted them during the showing.

A Connecticut court has considered whether a real estate licensee breached his fiduciary duty while serving as an escrow agent.

While licensees are supposed to be responsible for their own real estate licenses, supervisors need to have systems in place to make sure their people keep up with their licenses and any continuing education requirements — and that licensees don't continue to work if a license expires.

Canadian real estate regulators are responsible for the uniformity of a MINIMUM standard of acceptable licensee behavior as articulated in regulation, while it appears that CREA members active in REM forums are advocating an IDEAL ethical standard of behavior.

In taking advantage of the law, out - of - state licensees give jurisdiction to the Ohio Real Estate Commission to come after them if they violate license requirements while working on a deal.

It was also not uncommon for a licensee to work as an employee of a developer to market the developer's property while also holding a real estate licence.

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.

While Realtors ® are held to this higher standard of non-discrimination, Virginia's real estate licensees are not.

79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents» licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of «exclusive right to sell» and «exclusive agency»; broker breaches fiduciary duties to seller clients by misleading them as to buyer's ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller's interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties» attorneys and were not a form recommended by a joint bar / real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back - dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser's financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers» licenses revoked, no action taken on application for renewal until proof of payment of sum of $ 2,000.00 plus interests for deposits unlawfully retained

(Please note: while we are accepting new agents, we are currently not accepting new - to - real - estate licensees.)

While licensees are not expected to be experts in all areas that impact real estate, they are expected to be alert to potential environmental / health concerns in the areas in which they practice and are obliged to advise clients to seek independent professional advice on matters outside of the expertise of the licensee.

While all licensees must comply with the Real Estate Services Act, Regulations, and Rules, in certain cases the Council may decide that additional requirements for a particular licensee are in the public interest.

This permits licensees to conduct real estate services while they are completing the post-licensing components of the Applied Practice Course.

While real estate boards throughout BC have incorporated designated agency into all of their standard forms, thus making designated agency the «default» relationship for those licensees participating in their local MLS ® who enter into written service agreements with their clients, the Council continues to recognize that other forms of relationships may exist.

While licensees can have other jobs or sources of income unrelated to real estate services, they must not provide real estate services other than on behalf of the brokerage in relation to which they are licensed.