You are
an authorized representative of a bank, broker - dealer, insurance company, registered investment adviser or other professional client (together, «Financial Institutions») engaged in business activities outside the United States of America (a «Non-U.S. Adviser») and the Financial Institution has authorized you to access and use the Holdings Information.
Although the buyer
authorized an increased offer and the licensee testified that he orally relayed the offer to the
bank's
representative who rejected the offer, there was no written denial
of the offer.
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