Sentences with phrase «associate licensee»

The Supreme Court determined that the associate licensee who listed the property owed a duty to the buyer equivalent to that owed by the broker.

According to the court, an associate licensee represents a brokerage in a real estate transaction and does not have an independent agency relationship with the client.

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

The court ruled that the dual agent duties of the Brokerage extended to its associate licensees and so the Listing Broker owed the equivalent disclosure duty to the Buyer that the Brokerage would.

In California, a corporation can be the licensed broker like the Brokerage and the Brokerage acts through its associate licensees like the Listing Broker and the Buyer's Representative.

The question for the court was whether the Brokerage's duties as a dual agent extended to the associate licensees.

In other words, when you choose to work with any real estate licensee, your business relationship is legally with the brokerage firm and not with the associated licensee.

In designated agency, a broker - in - charge may designate individual associated licensees to act solely on behalf of each client.

Before you begin to work with a real estate licensee, it is important for you to know the difference between a broker - in - charge and associated licensees.

(2) Name of associated licensees.

This does not preclude REALTORS ® (principals) from establishing agreements with their associated licensees governing assignability of exclusive agreements.

To support managing brokers in their efforts to ensure that their associated licensees are adequately managed and supervised, particularly in the area of strata management, the Council has developed this Special Report from Council, focusing on the unique challenges facing managing brokers in the course of operating a brokerage that provides strata management services.

Not exact matches

We also project that any startup costs paid by Mark Cuban (and / or associates) would be paid out of the initial income received, these costs are estimated at $ 1000 per licensee (based on a test of 100 sites, this drops to $ 500 for 1000 site rollout).

If a licensee would acquire 1000 units per month over a 4 - 6 month period through their offline efforts and / or through online efforts they would net ~ $ 2,100 per month with the heavy lifting done by; 1) Mark Cuban (and / or associates) in Financing, 2) Buybak.com in Software and Receiving, 3) Amazon.com in Warehousing, Pick, Pack, Ship and Marketplace Sales and 4) Citibank / Visa in payment processing.

Comprising of complete clothing, shoe and accessory collections for men, women and children; representation is further extended by associated product licenses where the potential of the brand has been recognised by key licensees in the fragrance, eyewear and interior businesses.

(3) On a case by case basis, the board may grant credit hours toward the regular annual CE requirement to the clinic's licensee manager and any other licensed associates for voluntary consultations.

On a case by case basis, the board may grant credit hours toward the regular annual continuing education (CE) requirement to the licensee manager and any other licensed associates for these types of consultations.

«A multi-disciplinary business services company, a virtual law firm associated with entrepreneur James Caan and a fast - growing Manchester personal injury practice» are some of the recent licensees.

SB 1637 Provides that the prohibition on carrying a concealed firearm into a courthouse does not apply to a licensee who is a circuit or associate judge, State's Attorney, or Assistant State's Attorney; provided that the judge, State's Attorney, or Assistant State's Attorney does not carry a concealed firearm at any time while in a courtroom.

In Case C - 170 / 13 Huawei Technologies Co. Ltd v ZTE Corp & ZTE Deutschland GmbH, (Judgment of the 5th Chamber, CJEU, 16 July 2015) the CJEU was asked to rule for the first time on whether seeking an injunction and other associated remedies by the owner of a Standard Essential Patent (SEP) against a company in breach of the patent (but one willing to become a licensee) can amount to an abuse of a dominant position in breach of EU competition law (Article 102 TFEU).

Similarly, under a statute which allowed for bylaws concerning «all or part of the costs of the disciplinary proceeding,» and although regulations provided for a licensee to pay «all or part of the costs of the disciplinary hearing, including (i) per day fees for members of the Discipline Committee, (ii) counsel fees, (iii) reporter fees, (iv) facility charges, and other charges associated with the hearing», a court found such award to be subject to the same reasonableness standard of review as is the rest of the substantive disciplinary decision.

All right, title and interest in and to the intellectual property embodied in the Licensee Products, including any improvements, enhancements or other modifications thereto made by Licensee, is owned by, and shall remain the property of Licensee, including, without limitation, any associated patents, copyrights, trademarks and logos, subject to [corp name]'s ownership of the [corp name] Code and [corp name] SDK.

The company has over 42,000 associates nationwide and is the largest publicly traded commercial health benefits company in the United States and an independent licensee of the Blue Cross and Blue Shield Association.

Therefore, the board is proposing New Rules II through IX to set forth clear guidelines for licensees providing these services and ensure competent providers and consistency within the associated parenting plan procedures.

Apparently, the licensee was trying to develop a referral fee business by attracting potential clients from the West Coast state to his site and then, for a fee, referring them back to sales associates legally licensed in the West Coast state.

The Member Board dues shall be adjusted for any licensee included on a form submitted to a Board who during the same calendar year applies for REALTOR ® or REALTOR - ASSOCIATE ® membership in a Member Board as provided in Section 2 (B) hereof, except that in the case of a new Member who held REALTOR ® or REALTOR - ASSOCIATE ® membership during the preceding calendar year the adjustment to Member Board dues shall not be prorated.

[2] A licensee is not responsible for a report or statement by a person who made a report concerning real estate, including an inspection report or survey, unless the report or statement was made by someone employed by the licensee or a broker with whom the licensee is associated, the report or statement was made by a person selected and hired by the licensee, or the licensee knew before closing that the statement was false.

When only representing the seller, the licensee needs to be careful to avoid creating an undisclosed dual agency relationship with the buyer and care should be taken in both words and conduct to ensure that buyers understand that the sales associate doesn't represent them.

Q: A REALTOR ® in my community actively recruits real estate licensees from other offices by e-mailing sales associates insulting comments about their broker - owners.

The Nunezes also charged the licensees with negligent misrepresentation, alleging that one of the sales associates had told them it was «a waste of time» to have the property inspected since the sellers had no plans to put money into the property.

And the issue of new - associate training is gaining importance for the industry as some states report huge swells in licensee numbers around the country.

Thanks in part to a focus on training that includes free seminars on legal and other issues to licensees outside his own company, he's grown his brokerage to 300 associates.

The home purchaser sued the sellers of the home, who were also real estate licensees with the broker Campos & Associates Realty, for misrepresentation.

While transaction brokerage addresses some of the conflicts of interest associated with dual agency, it reduces the range of services that licensees can provide and results in lesser consumer protections for all parties to a transaction,» says OSRE.

Meredith DiCarolis («Salesperson») was a real estate licensee associated with Revier d / b / a RE / MAX Partners («Brokerage»).

CAR also helped defeat efforts to increase the state's portion of the property conveyance tax (municipal rates, however, were raised for 15 months to $ 2.50 per $ 1,000 from $ 1.10) for both residential and commercial properties and to raise real estate licensee costs, which will remain at $ 450 ($ 300 renewal fee) for brokers and $ 225 for associates.

With respect to licensee discipline, a «persistent course of dealing» by a real estate licensee who violates a statute or rule «constitutes prima facie evidence that an associated real estate licensee had knowledge of the violation by the real estate licensee.»

Curtis and Betsy Williamson («Salespeople»), a married couple as well as real estate licensees, were associated...

In other words, the obligations of a representative apply to every licensee licensed as a representative or an associate broker regardless of the manner in which they are engaged by the brokerage.

Licensees must be aware of the problem associated with inventory.

If a licensee acquires, directly or indirectly, or disposes of real estate, or if the licensee assists an associate in acquiring, directly or indirectly, or disposing of real estate, section 5 - 9 of the Rules requires that the licensee make a disclosure in writing to the opposite party before any agreement for the acquisition or disposition of the real estate is entered into.

Before practicing dual agency under this exemption, a licensee must make a disclosure to both parties to the transaction, informing them of the duties and responsibilities of the licensee to the clients, and the risks associated with a dual agency relationship.

Disclosure must also be made if it is anticipated that an associate of the licensee will receive a benefit as a result of an expenditure on behalf of the principal.

Under RESA, the need for disclosure has been expanded to include disclosure when a licensee is disposing of real estate and disclosure when a licensee is assisting an associate in the acquisition or disposition of real estate.

The Discipline Hearing Committee has further ordered that, in addition to ensuring that Mr. Lin no longer associates himself as a licensee or as an unlicensed assistant with the brokerage Lester Lin Realty, the brokerage and the managing broker, Jeffrey Fee, must take immediate steps to ensure that licensees associated with the brokerage are properly supervised as required under the Council Rules.

Such a benefit could arise if the client's money was spent to hire a landscaper if, for example, the licensee or an associate of the licensee or brokerage provided the landscaping services.

Licensees include real estate representatives for trading, strata management and property management, as well as managing and associate brokers and brokerages.

Additionally, a Disclosure of Interest in Trade form must also be completed if an associate of the licensee is either acquiring or disposing of real estate and the licensee is providing real estate services to the associate.

The form requires the licensee to indicate the purpose for which the licensee or the licensee's associate is acquiring the property and, in the case of an acquisition, the amount of remuneration earned and who will receive the remuneration.