Sentences with phrase «acting as a licensee»

However, the company has already partnered with Tomy (TYO: 7867) who will act as the licensee of Lightseekers.

discloses in writing to the strata corporation before providing services that the licensee is licensed but is not acting as a licensee, that the licensee is not regulated by RESA, and that the strata corporation is not entitled to the same protections under RESA as are strata corporations that deal with licensees that are not exempted;

discloses in writing to the strata corporation before providing the services that, even though the individual is a licensee, they are not acting as a licensee in this case, the licensee is not regulated under the Real Estate Services Act in relation to the strata management services, and the strata corporation is not entitled to the same protections applicable under the Real Estate Services Act to persons who deal with licensees who are not acting under this exemption;

If there is no real estate component in the sale of a business by assets or sale of 100 % of the shares of the corporation that owns the business, or in circumstances where there is the sale of less than 100 % of the shares, licensees must advise the party that engages the licensee to list and sell the business that they are not acting as a licensee and that the licensee is not regulated under RESA in relation to the sale, including holding the deposit.

discloses in writing to each person who owns the real estate, before providing the services, that even though the individual is a licensee, they are not acting as a licensee in this case and the licensee is not regulated under the Real Estate Services Act in relation to the rental real estate;

discloses to each potential tenant before entering into a tenancy agreement that even though the individual is a licensee, they are not acting as a licensee in this case and the licensee is not regulated under the Real Estate Services Act in relation to the rental real estate; and

provide the rental management to the family member, partnership, or corporation for free and provide to the family member, partnership, or corporation, as applicable, in writing, that the licensee is not acting as a licensee and is not regulated under RESA in relation to this transaction.

(i) even though licensed under the Real Estate Services Act, XYZ is not acting as a licensee in this case, and consequently;

Once the new Rules take effect on June 15, 2018, can I act as a designated agent for a client while also acting as my licensee's managing broker in the same transaction?

Additionally, the licensee must advise the family member, corporation, or partnership, in writing, that the licensee is not acting as a licensee and is not regulated under RESA in relation to this transaction and provide a copy of the written disclosure to the managing broker of the related brokerage.

You can not act as a designated agent for the buyer while also acting as your licensee's managing broker for the transaction.

(i) even though they are licensed under the Real Estate Services Act, they are not acting as a licensee in this case, and

(i) even though they are licensed under the Real Estate Services Act, they are not acting as a licensee in this case,

The stipulation in assigning a licensee's remuneration is that the person to whom the remuneration is assigned must not be paid for acting as a licensee.

Licensees preparing depreciation reports should disclose to their clients in writing that although they are licensed, they are not acting as a licensee in this case, so they are not regulated under RESA in relation to this service.

Not exact matches

The act seeks to establish a foundation for virtual currency businesses by providing individual states with a common regulatory guide for issues such as licensing requirements; reciprocity; consumer protection; cybersecurity; anti-money laundering; and supervision of licensees.

Deregulation of broadcasting in the U.S. and the Federal Communications Commission's apparent indifference to the practices of broadcast licensees and cable operators in effect seem to legitimize the operation of these media as businesses like any other business, disregarding the public trusteeship that is required by the Communications Act.

«As the regulatory body responsible for administering the Real Estate Services Act, we will be working on many fronts to make sure the requirements are well understood, that licensees comply with their new obligations, and that comprehensive monitoring and enforcement programs are put into place.»

Massachusetts — Homespire Mortgage Corporation, Mortgage Lender License NMLS # 183215; New Jersey — Homespire Mortgage Corporation, 9711 Washingtonian Blvd., Suite 500, Gaithersburg, MD 20878, [phone], Licensed Mortgage Banker — NJ Banking and Insurance Department; Pennsylvania — Licensed as a first mortgage banker by the Department of Banking and licensed pursuant to the Pennsylvania Secondary Mortgage Loan Act; Virginia — Homespire Mortgage Corporation, NMLS # 183215; www.nmlsconsumeraccess.org Georgia Residential Mortgage Licensee # 24052 — 9711 Washingtonian Blvd., Suite 500, Gaithersburg, MD 20878 Rhode Island — Rhode Island Licensed Lender # 20183561LL Colorado — Homespire Mortgage Corporation, NMLS # 183215, [phone], Regulated by the Division of Real Estate;

(a) The administrator may bring an action to restrain a creditor or a person acting in his behalf from engaging in any business subject to licensing under subsection (a) of Section 5-19-22 without first obtaining a license therefor as provided in Section 5-19-22 and a licensee or any person acting in his behalf from engaging in violations of this chapter or engaging in a course of fraudulent or unconscionable conduct in inducing debtors to enter credit transactions or in the collection of debts.

At such times as the Administrator may deem necessary, the Administrator or his duly authorized representative may make an examination of the place of business of each licensee and may inquire into and examine the transactions, books, accounts, papers, correspondence and records of such licensee insofar as they pertain to the business regulated by the Credit Services Organization Act.

When it is determined that the owner, licensee manager or responsible DVM, or facility has violated any provisions of the Veterinary Practice Act or is in violation of the rules promulgated by the board, the board may take disciplinary action as provided by the Veterinary Practice Act.

• Protection of the identity of licensees to protect companies and individuals using identity and contact information for improper purposes, such as exemptions from Freedom of Information Act (FOIA) and similar laws.

«Industrial Hemp Development Act»; providing for state economy and agricultural industry promotion of industrial hemp by permitting regulated industrial hemp industry development; authorizing industrial hemp as an agricultural product; placing enforcement under commissioner of agriculture; authorizing regulated and lawful industrial hemp agriculture and commercial sales; requiring licensure for cultivation; specifying licensee requirements, compliance and notification requirements; requiring commissioner to promulgate certain rules; requiring fee credit to the industrial hemp account and establishing the account in the agricultural fund; establishing an affirmative defense for possession of marijuana; exempting industrial hemp from the marijuana and wild hemp definitions.

SF 826 «Industrial Hemp Development Act»; providing for state economy and agricultural industry promotion of industrial hemp by permitting regulated industrial hemp industry development; authorizing industrial hemp as an agricultural product; placing enforcement under commissioner of agriculture; authorizing regulated and lawful industrial hemp agriculture and commercial sales; requiring licensure for cultivation; specifying licensee requirements, compliance and notification requirements; requiring commissioner to promulgate certain rules; requiring fee credit to the industrial hemp account and establishing the account in the agricultural fund; establishing an affirmative defense for possession of marijuana; exempting industrial hemp from the marijuana and wild hemp definitions.

That is, it can require Myriad to license the testing process to third parties, «upon terms,» as the act reads, «that are reasonable under the circumstances,» if such «action is necessary to alleviate health or safety needs which are not reasonably satisfied by the contractor, assignee, or their licensees.»

Saguil says he would like to see the law society revamp its discrimination and harassment council program, which acts as an ombudsman - type service to guide licensees and articling students in how to bring forward concerns and initiate a complaint.

«Consultant agrees to execute any documents and perform any other acts as may be reasonably required by Company or its assignees or licensees to further evidence or effectuate Company's rights and intellectual property as set forth in this paragraph, and Consultant hereby appoints Company as his / her attorney - in - fact (which appointment is irrevocable and coupled with an interest), with full power of substitution and delegation, to execute any and all such documents and do any and all such other acts consistent herewith that Consultant fails to promptly perform after a reasonable opportunity to review and negotiate same.»

Conversely, licensees must also act honesty, e.g. by accurately reporting royalties owed to the licensor, otherwise they could be found in breach of the duty as well as breach of their royalty reporting obligations under the license.

A licensee who lets his / her license expire and continues to provide supervision towards licensure under this chapter or the Act, or as a result of an order of the board, must reimburse all supervisees for supervision provided while the license was expired before renewal may be approved.

Typically, the listing contract authorizes the listing brokerage to appoint one or more licensees to act as the designated agent of the seller.

When acting as a Transaction Broker for both parties, the licensee must be scrupulously impartial.

Unbeknownst to the buyer, his licensee, the seller and his licensee, archeological research conducted in the 1970's under the Act generated a report identifying the property as an archeological site.

An associated licensee has no power to act except as a representative of the broker and undertakes the same duties as owed by the broker.

The prospective purchaser and seller entered a purchase agreement, with the licensee acting as a dual agent.

The purchaser and seller agreed that the broker, through its associated licensees, would act as dual agent in the transaction for a luxury home.

The licensee disclosed that he had previously represented the seller in buying that property, and he would act as dual agent in the transaction.

The appellate court concluded that the potential purchaser presented some evidence showing that the licensee may not have acted in the would - be purchaser's best interest as dual agent.

Are you entitled to a commission?In some states, licensees may be entitled to receive buy - side compensation from a seller, even if the licensee is acting as the buyer.

In addition there needs to be a minimum performance standard both in quality as well as quantity (i.e. no or limited violation tolerance, as well as a minimum number of completed, complaint free, listings and sales) If the licensing entities in Canada, had any real interest in acting in the best interest of the clients we serve, as well as the well being of our practitioners, this would be a minimum standard, and after 25 years running around in the business, there is no indication this will ever happen, so limiting the number of licensees is therefore never going to happen either...... it is totally against the industry leaders self interests.

The Montana Association of REALTORS ® filed an amicus curiae brief arguing that because the state's law permits licensees to act as dual agents of the buyer and the seller and «act solely in the best interests» of both parties, a buyer's representative should be able to represent two bidders in the same manner.

In the transaction, the mother and daughter licensees acted as dual agents for both parties.

Because the Licensee had chosen to act as an escrowee, he was bound to fulfill his obligations as such.

Back more on topic, most licensees find that disclosure of their license status is an issue, I don't think it is at all and can be an asset if you take an approach to inform and educate an owner, gain confidence and justify your offer as being reasonable and the owner may well act rationally.

Acting without a license; cease and desist order; judicial review; effect of Code section on other remedies (a) Any person who, directly or indirectly, with the intention or upon the promise of receiving any valuable consideration, offers, attempts, or agrees to perform, or performs, any single act defined in paragraph (2) of Code Section 43 -40-1, whether as a part of a transaction or as an entire transaction, shall be deemed a licensee within the meaning of this chapter.

(b) It shall be unlawful for any person, directly or indirectly, to engage in or conduct the business of, or advertise or hold himself or herself out as engaging in or conducting the business of, or act in the capacity of, a licensee within this state without first obtaining a license as provided in this chapter unless such person is exempted from obtaining a license under Code Section 43-40-29.

Even if one of those other licensees has long before established an agency relationship with a buyer, if that buyer becomes interested in any of the brokerage's listings, both the seller and the buyer must first agree for their respective licensees and the brokerage to act as dual agents before the seller and buyer can begin negotiating the transaction while using the assistance of those two licensees.

Where an unrepresented buyer approaches a licensee who is acting as a designated agent for a seller, as in Mr. Teichner's example of an open house, and that buyer expresses interest in the property being offered for sale by that seller, the ATF suggests that the designated agent should inform the buyer that the licensee is the agent for the seller (this is typically already understood by the unrepresented buyer) and explain the services that can be provided to the buyer as a customer.

It simply means the licensee should avoid acting as a dual agent.

In this scenario, where two agency relationships have already been established, the recommendation of the ATF is that the licensee would advise both the seller and the buyer that he / she is already acting as an agent for both parties, although not yet with respect to this specific property, and explain the possibility of both parties agreeing that the licensee be allowed to act as a transaction facilitator.