REALTOR ® is a registered collective membership mark which may be used only
by real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS and who subscribe to its Code of Ethics.
As of May 16, the government requires contracts
prepared by real estate licensees to include clauses stating that the contract can not be assigned without the written consent of the seller, and that any profit from an assignment goes to the initial seller.
Where state license laws prohibit the disclosure of terms of competing
offers by real estate licensees, parties specify what permissions their agents have to disclose either the existence or terms of offers.
In Mortgage Bankers Ass»n of NJ v. NJREC, the Superior Court of New Jersey addressed whether the receipt of a $ 250
fee by a real estate licensee in connection with providing mortgage information to a buyer violated the state mortgage brokering statute.
A fund set up in Nova Scotia to protect consumers from financial loss due to fraud or breach of
trust by real estate licensees has become a sore spot for some brokers and sales reps, who say they've contributed more than enough.
As a Compliance Officer at the Real Estate Council of BC, you will play an important role in public protection, using your investigative skills and experience to obtain evidence of potential
misconduct by real estate licensees under the Real Estate Services Act.
The Department of State has issued a number of opinions over the past 10 years applying the prohibitions in Section § 442 to specific fact patterns of different promotions
proposed by real estate licensees.
Chapter 93A requires brokers, salespersons, and other business persons to disclose all facts
known by a real estate licensee about defects in a property, even if a buyer or tenant does not ask.
The court found that if the Parent was merely using a negotiation tactic and the Parent wasn't performing any acts or services
performed by real estate licensees, then no New Jersey laws would bar the Parent from receiving the Payment.
It is our mandate to ensure that the public can have confidence in the services provided to
them by real estate licensees.