A person or company offering short sales / loan modifications in Oregon may legally do so with: 1) A debt management company registration; 2) A mortgage loan originator license; or 3) A real
estate broker license if they do NOT charge any special fees related to short sales.
Not exact matches
(B) «Credit repair services organization» does not include: (i) Any person authorized to make loans or extensions of credit under the laws of this state or the United States who is subject to regulation and supervision by this state or the United States; (ii) Any bank or savings and loan institution whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation; (iii) Any nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986; (iv) Any person
licensed as a real
estate broker by this state
if the person is acting within the course and scope of that
license; (v) Any person
licensed to practice law in this state
if the person renders services within the course and scope of his or her practice as an attorney; (vi) Any
broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission
if the
broker - dealer is acting within the course and scope of those regulatory agencies; or (vii) Any consumer reporting agency as defined in the federal Fair Credit Reporting Act (15 U.S.C. 1681 - 1681t).
Even
if the real
estate broker represents the seller, state real
estate licensing laws usually require that the
broker treat you fairly.
If you have any questions concerning the behavior of an agent or
broker, you should contact your States Real
Estate Commission or
licensing department.
«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person
licensed as a real
estate broker by this state
if the person is acting within the course and scope of that
license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act o
license; (vi) a person
licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a
broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan
broker or banker who is duly
licensed under the Illinois Residential Mortgage
License Act o
License Act of 1987.
(5) A person
licensed as a real
estate broker under IC 25 - 34.1
if the person is acting within the course and scope of the person's
license.
An individual
licensed in the state within which the board is located or within the state in which the real
estate firm of the REALTOR ® is located shall be deemed to be
licensed with a REALTOR ®
if the
license of the individual is held by a REALTOR ® or by any
broker who is
licensed with the REALTOR ®, provided that such licensee is not otherwise included in the computation of dues payable by a sole proprietor, partner, corporate officer or individual in a position of management control of the entity.
In cases where a real
estate broker / agent receives a commission from the lender for the sale of a property owned by the lender (including an REO), individuals must only be
licensed as a loan originator
if they engage in the business of a loan originator.
If you were only getting your real
estate license for your own deals and maybe close friends and family, is there any reason not to go straight to a 100 %
broker with no training.
d.
if the licensee does not hold a real
estate broker or salesperson
license for the jurisdiction in which the property is located, the regulatory jurisdiction (s) in which the licensee does hold a real
estate broker or salesperson
license.
Licensees need to be mindful of how they refer to themselves and must take care not to characterize themselves as
brokers if they don't hold a real
estate broker's
license.
More importantly,
if they ever apply for a real
estate license, they may be denied due to previous unlawful
brokering.
If the
licensed entity is a corporation, the process for making a transition to a new managing
broker could be addressed in the corporation's bylaws, and may be as simple as appointing a new managing
broker and filing the necessary paperwork with the real
estate commission.
Also, from a purely logistical point of view,
if your state requires separate real
estate and mortgage
broker licenses, the double
licensing requirements can pose a hurdle.
If I am a real
estate management company, do I need a real
estate broker's
license?
I just finished the required 75 hours of class time to get my NY real
estate salesperson's
license and wondering
if anyone can tell me their typical fees / arrangements in NY with their sponsoring
broker and give any recommendations?
«
If a
broker determines that «coming soon» advertising is in the client's best interest and confirms that the client understands the possible consequences, then it is imperative for the
broker to know the real
estate license laws and regulations of their state to ensure that such advertising is in compliance.
Is a
Licensed real
estate person responsible to do spreadsheets for the
broker owner instead of trying to make money for themselvesI would really appreciate
if you could give me a little insight because all I'm doing is making phone calls for him and doing XL spreadsheets and I don't believe that's my job am I wrong or am I right
17 DOS 91 Matter of Torsiello - qualifying experience is one year of supervised service as real
estate salesperson or two years of «equivalent» experience (conduct which was such that,
if not engaged in or on behalf of either the applicant himself or the applicant's exclusive employer who is the principal in a transaction, or without expectation or receipt of compensation, would require a real
estate broker's
license)
If you're in the real
estate industry looking for a
broker change or just about to get your
license, join us at our Glendale Campus.
If you have NOT yet completed the required
broker licensing course, Legal Aspects of Real
Estate, please contact us at 1-866-519-9597 to have it added to your account.
application, be associated either as an employee or as an independent contractor with a Designated REALTOR ® Member of the Association or a Designated REALTOR ® Member of another Association (
if a secondary member) and must maintain a current, valid real
estate broker's or salesperson's
license or be
licensed or certified by an appropriate state regulatory agency to engage in the appraisal of real property, shall complete a course of instruction covering the Bylaws and Rules and Regulations of the Association, the Bylaws of the State Association, and the Constitution and Bylaws and Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS ®, and shall pass such reasonable and nondiscriminatory written examinations thereon as may be required by the Membership Committee and shall agree in writing that
if elected to membership he / she will abide by such Constitution, Bylaws, Rules and Regulations, and Code of Ethics.
If you passed the real estate trading services licensing course to qualify for registration as a sub-mortgage broker in BC you may be eligible to request a waiver from the real estate trading services licensing course i
If you passed the real
estate trading services
licensing course to qualify for registration as a sub-mortgage
broker in BC you may be eligible to request a waiver from the real
estate trading services
licensing course
ifif:
manager of a real
estate firm shall supply evidence satisfactory to the Membership Committee that he / she is actively engaged in the real
estate profession, and maintains a current, valid real
estate broker's or salesperson's
license or is
licensed or certified by an appropriate state regulatory agency to engage in the appraisal of real property, has a place of business within the state or a state contiguous thereto (unless a secondary member), has no record of recent or pending bankruptcy *, has no record of official sanctions involving unprofessional conduct **, agrees to complete a course of instruction covering the Bylaws and Rules and Regulations of the Association, the Bylaws of the State Association, and the Constitution and Bylaws and Code of Ethics of the NATIONAL ASSOCIATION OR REALTORS ®, and shall agree that
if elected to membership, He / she will abide by such Constitution, Bylaws, Rules and Regulations, and the Code of Ethics.
If the real
estate professional (or their
broker) you are dealing with is not a REALTOR ®, your only recourse may be the state real
estate licensing authority or the courts.
In Indiana, every
licensed real
estate agent will be a
broker after taking more classes, passing a test and serving a reasonable apprenticeship under an experienced
broker,
if they are not already experienced agents.
If we do not have a
licensed real
estate broker member in your area, the the public may join.
Nebraska law does not require the use of a
licensed real
estate broker for the sale or lease of real
estate by the owner of the property, but we do recommend that you consult with or utilize the services of a
licensed real
estate broker or salesperson to facilitates the sale or an attorney for legal advice
if you have questions or are uncertain about the process.
If you are a
licensed commercial and / or residential real
estate broker or salesperson in USA, Canada or the United Kingdom, and not a member, you can join the service.
If the applicant holds a Florida real
estate sales associate
license, he or she must fulfill the sales associate post-licensing education requirements before being eligible to obtain a
broker license.
B. Individuals who are actively engaged in the real
estate profession other than as sole proprietors, partners, corporate officers, or branch office managers, in order to qualify for REALTOR ® Membership, shall at the time of application, be associated either as an employee or as an independent contractor with a Designated REALTOR ® Member of the Association or a Designated REALTOR ® Member of another Association (
if a Secondary Member) and maintain a current, valid Florida real
estate broker's or salesperson's
license or be
licensed, registered, or certified by an appropriate state regulatory agency to engage in the appraisal of real property, shall complete, within sixty (60) days of making application, a course of instruction covering the Bylaws and Rules and Regulations of the Association, the Bylaws of the State Association, and the Constitution and Bylaws and Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS ®, shall pass such reasonable and nondiscriminatory written examination thereon as may be required by the Board of Directors, and shall agree in writing or by electronic agreement that
if elected to membership they will abide by the Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS ®, and by the Constitution, Bylaws, and Rules and Regulations of the local Board, State Association, and the National Association.
If a person acting as a Florida real
estate agent or
broker agrees to sell, or even goes so far as to negotiate the sale of your home or condo, but didn't bother to get or keep up a valid Florida real
estate license, then that contract to pay a commission to that party is considered void under Florida law.
On renewal
if there is a
licensed real
estate broker in your area, then we ask you to work your haves and wants through that office.
If you register as an Real Estate Professional User, you represent, warrant, and agree that: (1) you are a licensed real estate broker, or licensed real estate agent, and if you are an agent user of the Elm Street Website, you have the permission of your managing broker to register as a Elm Street Real Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agreemen
If you register as an Real
Estate Professional User, you represent, warrant, and agree that: (1) you are a licensed real estate broker, or licensed real estate agent, and if you are an agent user of the Elm Street Website, you have the permission of your managing broker to register as a Elm Street Real Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
Estate Professional User, you represent, warrant, and agree that: (1) you are a
licensed real
estate broker, or licensed real estate agent, and if you are an agent user of the Elm Street Website, you have the permission of your managing broker to register as a Elm Street Real Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
estate broker, or
licensed real
estate agent, and if you are an agent user of the Elm Street Website, you have the permission of your managing broker to register as a Elm Street Real Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
estate agent, and
if you are an agent user of the Elm Street Website, you have the permission of your managing broker to register as a Elm Street Real Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agreemen
if you are an agent user of the Elm Street Website, you have the permission of your managing
broker to register as a Elm Street Real
Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
Estate Professional User; (2) you are a member, subscriber or participant in good standing of the Multiple Listing Service that supplies the real
estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
estate data and images displayed to you on the Elm Street Website («MLS»); (3) you will terminate your account status
if, at any time, you are no longer a licensed real estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agreemen
if, at any time, you are no longer a
licensed real
estate broker, or licensed real estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
estate broker, or
licensed real
estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agre
estate agent, and therefore, are no longer eligible to be a member, subscriber, or participant in good standing of the MLS; (4) you authorize Elm Street to send you emails relating to the Elm Street Website and your Elm Street account; and (5) you will defend, indemnify and hold harmless Elm Street, and its members, managers, subsidiaries, affiliates, officers, employees, agents, and other partners against any and all claims, damages, judgments, and expenses, including attorney» s fees and litigation costs or expenses, arising from your breach of the representations, warranties, duties or obligations made or assumed by you in this Agreement.
The managing
brokers license if the highest level of
license you can get in real
estate and is required
if you want to run your own brokerage as the other representatives will only be able to supply the service you're trained to provide.
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
Another section of interest seems to work against real
estate investors who want to lease their own properties from getting a real
estate license in Virginia because the investor would have to be under the supervision of a
broker while they are a
licensed salesperson (at least three years) despite owning the property (
if I am reading this correctly):
Jesse — My understanding of Oregon law is that
if you're a
licensed agent doing any real
estate activity, whether it includes a «personal interest» or not, you can only get paid through your principal
broker.
I would no way have had the career I have enjoyed
if I had not gotten my Sales agent
license at 18 and my
brokers at 20... I did not even get into really investing until mid 20's but I made a ton of dough selling Real
Estate..
If we do not have a
licensed real
estate broker member in your area, then can a buyer or seller can join, otherwise this is a free service to the public to read information but when you a principal posts information Free in the FSBO Area only the real
estate broker members can read it.
For example,
if you find a house, negotiate a sale price with the seller (without signing a contract) and then go advertise for buyers, that's most likely illegal — you are acting like a real
estate agent, and
if you're not
licensed,
brokering real
estate is illegal.
@Alex Zemianek I would recommend calling other vacation rental property management companies in your state and asking
if their employees are
licensed real
estate brokers.
Although most
brokers and agents must take state - accredited prelicensing courses to become
licensed, some states may waive this requirement
if the candidate has taken college courses in real
estate.
However, TILA, RESPA, and their implementing regulations currently do not expressly require the disclosure of: (1) The email address of the creditor (unless the creditor is also the loan originator, in which case it must be disclosed on the GFE but not on the RESPA settlement statement); (2) the name, email address, and phone number of the consumer's primary contact with the creditor; (3) the email address of the closing agent; (4) the name, email address, and phone number of the consumer's and seller's real
estate brokers,
if any; or (5) the
license number or other unique identifier issued by the applicable jurisdiction or regulating body with which a closing agent or real
estate broker is
licensed and / or registered,
if any.
The
license authorizes real
estate activity only
if the salesperson is in the employ of a
licensed broker.
ReferralExchange.com shall, within a reasonable period of time following receipt of the applicable Commission, promptly pay to Referring Agent an amount equal to a maximum of twenty - five percent (25 %) of the gross referred side commission calculated on a minimum of two percent (2 %) gross sale price prior to any allocation of a payment to another party (including but not limited to any split between Agent and Agent's
broker and any referral fee payments to other third parties), or up to a maximum of seventy - one and four - tenths of one percent (71.4 %) of the amount actually received and recognized by ReferralExchange.com, after each of the following have occurred: (a) the Customer referred by Referring Agent becomes part of ReferralExchange.com's referral network, (b) such Qualified Customer completes a Qualified Transaction, and (c) such Qualified Transaction results in a Commission paid to ReferralExchange.com; provided, however, that ReferralExchange.com shall not be required to make any payment to Referring Agent
if Referring Agent is in breach of these Agent Terms at the time of such payment, or
if such payment is prohibited by law, including but not limited to instances in which Referring Agent is not an actively
licensed real
estate sales agent or
broker at the time payment is to be made.
If the
licensed real
estate broker is not the proprietor, he will still serve as the center of the office by helping clients purchase and sell commercial property and guide a team of agents to make their own sales by handling certain business details regarding listings and payment.