Sentences with phrase «committed by real estate brokers»

«Reported cases of fraud committed by real estate brokers and agents in Québec are very rare,» says Paul Mayer, chairman of the board of the Fonds d'indemnisation du courtage immobilier.

Not exact matches

«A broker from outside Québec who is not an OACIQ licence holder and who markets a property located in Québec, particularly by posting it on a website such as Realtor.ca, commits in principle an illegal practice offence under the Real Estate Brokerage Act.Therefore, this is not a new guideline since CREA was first informed back in April 2011 that the marketing of a property in Québec done through an intermediary constitutes a real estate brokerage transaction that requires a person to be holder of a realtor's license issued by the OACIQ.&raReal Estate Brokerage Act.Therefore, this is not a new guideline since CREA was first informed back in April 2011 that the marketing of a property in Québec done through an intermediary constitutes a real estate brokerage transaction that requires a person to be holder of a realtor's license issued by the OACIQ.&Estate Brokerage Act.Therefore, this is not a new guideline since CREA was first informed back in April 2011 that the marketing of a property in Québec done through an intermediary constitutes a real estate brokerage transaction that requires a person to be holder of a realtor's license issued by the OACIQ.&rareal estate brokerage transaction that requires a person to be holder of a realtor's license issued by the OACIQ.&estate brokerage transaction that requires a person to be holder of a realtor's license issued by the OACIQ.»

Scott Thompson, a real estate broker and senior vice president at Mortgage Resolution Services, a distressed - sales consulting company in Rancho Cordova, Calif., says such practices create a category of buyers who by definition can't be committed to any single offer.

287 DOS 98 Matter of DOS v. Uqdah Realty & Management Corp. — deposits; jurisdiction; fraudulent practices; failure to pay judgment; vicarious liability; notary public; disclosure of agency relationship; broker violated 19 NYCRR 175.1 when he deposited escrow funds into his operating account; broker committed conversion when his operating account fell below deposit amount; broker engaged in fraudulent practices when he illegally retained buyer's trust funds and attempted to qualify prospective buyer for mortgage by falsely stating their employment; broker failed to disclose his agency relationship to his client; failure to pay judgment; corporate real estate broker vicariously liable and charged with actual knowledge of violation of law because of representative broker's cognizant misconduct as corporate officer; broker is not required to deposit a refundable commission in an escrow account unless contractually demanded; corporate broker and representative broker's license revoked; restitution of deposit of $ 12,000 plus interest; notary public commission revoked based on misconduct as a real estate licensee

Before you submit your application for licensing to the Council, it must be signed by the managing broker of real estate brokerage who has committed to engage you.

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

The scams are often committed by criminal groups but the image of real estate brokers has suffered.