Sentences with phrase «estate licensee if»
If you believe you can fire your real estate licensee if you are unsatisfied, it unfortunately isn't that simple.
http://nsrec.ns.ca/
A purchaser may recover in a civil action brought under the Disclosure Act against a real estate licensee if the licensee fails «to disclose to a purchaser a defect actually known to the real estate licensee prior to the acceptance of an offer to purchase and which were not included in the disclosure statement.»
Not exact matches
Please note that the Commissioner's Rules have the force and effect of law only to real estate licensees, if you are referencing @Brian Gibbons post.
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.
While licensees are supposed to be responsible for their own real estate licenses, supervisors need to have systems in place to make sure their people keep up with their licenses and any continuing education requirements — and that licensees don't continue to work if a license expires.
For instance, the Professional Standards Manual for BC realtors states that: «When a (real estate) licensee refers a client to a financial institution or a mortgage broker, the Registrar of Mortgage Brokers has determined that the licensee will be considered to have arranged the mortgage if the licensee does anything more than provide a name and contact information.
If a licensee doesn't cooperate, that severely inhibits our ability to regulate the conduct of a real estate business.
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.
What if my state has a «do not call» rule that provides an exemption for real estate licensees or other real estate activity exemption?
Indeed, the court found that a real estate licensee could be liable for unlawful racial steering in violation of the federal Fair Housing Act if the licensee provided such information, since this type of information required a subjective decision by the licensee about what constituted racial or ethnic diversity.
A Florida appellate court has considered whether real estate licensees in the state owe their clients the common - law fiduciary duties if the licensee fails to provide clients a mandated disclosure form describing the duties of limited representation.
In taking advantage of the law, out - of - state licensees give jurisdiction to the Ohio Real Estate Commission to come after them if they violate license requirements while working on a deal.
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.
Real Property Taxation: Real estate licensees must have a basic understanding of this concept, yet it completely escapes the average politician charged with administering that tax, using the funds from that tax or even being able to account for that tax if grilled under sworn public testimony.
New York law precludes a real estate licensee from collecting any part of a commission if the licensee has agreed to split the commission with an unlicensed individual.
Section 9 - 2 of the Rules also permit a licensee to manage rental real estate owned by a partnership if the partners are any combination of the licensee, and the licensee's spouse, family partner, son, daughter, or parent.
Section 2 of RESA stipulates that, once an individual is licensed under RESA, RESA, the Real Estate Services Regulation, and the Rules apply to all real estate services that the licensee may provide, even if the real estate services are provided on the licensee's own behalf, are provided for free, or would other wise be eEstate Services Regulation, and the Rules apply to all real estate services that the licensee may provide, even if the real estate services are provided on the licensee's own behalf, are provided for free, or would other wise be eestate services that the licensee may provide, even if the real estate services are provided on the licensee's own behalf, are provided for free, or would other wise be eestate services are provided on the licensee's own behalf, are provided for free, or would other wise be exempt.
This conflict may not exist under designated agency if the other party is able to obtain independent representation through their own designated agent, and if the client's confidential information has not been and will not be shared with the licensee who is acquiring, or disposing of the real estate or a licensee who is representing that licensee.
If there is no real estate component in the sale of a business by assets or sale of 100 % of the shares of the corporation that owns the business, or in circumstances where there is the sale of less than 100 % of the shares, licensees must advise the party that engages the licensee to list and sell the business that they are not acting as a licensee and that the licensee is not regulated under RESA in relation to the sale, including holding the deposit.
However, licensees who are members of a real estate board should check with that board to determine if it has policies with respect to this disclosure.
Section 5 - 10 of the Rules requires that a licensee must disclose the nature of the representation that the licensee will provide and whether, if applicable, the licensee or a related licensee is or expects to provide trading services to or on behalf of another person in relation to the same trade in real estate, or whether the licensee or related licensee expects to receive remuneration from another person in relation to the same trade in real estate.
Additionally, if a licensee intends to dispose of real estate, the licensee must also make disclosure to the buyer of the real estate.
If you have been involved in a trade in real estate in which you believe a real estate licensee may have acted improperly, or you have engaged a brokerage to provide you with rental property management or strata management services, and believe that licensee has not acted properly, you may contact the Real Estate Council to file a compestate in which you believe a real estate licensee may have acted improperly, or you have engaged a brokerage to provide you with rental property management or strata management services, and believe that licensee has not acted properly, you may contact the Real Estate Council to file a compestate licensee may have acted improperly, or you have engaged a brokerage to provide you with rental property management or strata management services, and believe that licensee has not acted properly, you may contact the Real Estate Council to file a compEstate Council to file a complaint.
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 intIf 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 intif 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.
If you have entrusted money to a real estate licensee or an unlicensed individual at a real estate brokerage, and your money has been:
Section 5 - 9 of the Rules exempts a licensee from the need to make disclosure if the rental real estate that is being acquired by the licensee, or the licensee's spouse or family partner, complies with the following provisions:
If there is a real estate component and a licence is required in these circumstances, the licensee must comply with the provisions of the Real Estate Serviceestate component and a licence is required in these circumstances, the licensee must comply with the provisions of the Real Estate ServiceEstate Services Act.
Section 2 of RESA stipulates that, once an individual is licensed under RESA, RESA, the Regulations, and Rules apply to all real estate services that the licensee may provide, even if the real estate services are provided on the licensee's own behalf, are provided for free, or would otherwise be exempt.
I also understand and agree that if accepted for membership, I will pay all dues and fees as are from time to time established, and that the total amount of dues for which I will be personally and individually liable and responsible, as Designated REALTOR ® of the firm or office named herein, shall be in such amount as established annually by the Board of Directors for myself, plus an amount times the number of real estate licensees or certified appraisers employed by or otherwise affiliated with my firm or office who are not themselves REALTOR ® members of the Association.
For licensees providing trading services, if they are acting either as a buyer's agent or as a limited dual agent, they will likely be receiving remuneration from someone other than their buyer client as a result of providing the real estate services.
Additionally, the licensee is permitted to manage rental real estate owned by a corporation if the shareholders are limited to the licensee or the licensee's spouse, family partner, son, daughter, or parent.
Under section 9 - 3 of the Rules, a licensee may provide strata management services to a maximum of two strata corporations in which the licensee owns a strata lot without the need to comply with RESA, the Real Estate Services Regulation, and the Rules, if the licensee:
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.
In all other situations, a licensee must either satisfy an exemption or comply with RESA, the Regulations, and the Rules if the licensee provides real estate services.
If the licensee is managing rental real estate owned by a corporation, and the licensee is the only shareholder of the corporation, the licensee must provide written notice to the licensee's managing broker that the licensee will be providing rental property management services to or on behalf of that corporation.
Under section 9 - 1 of the Rules, licensees who provide rental property management services on their own behalf in relation to their own real estate, are exempted from RESA, the Regulations, and the Rules if the licensee:
If he were not a licensee, JJJ could be paid for providing strata management services to VIS9999 under the exemption found in Section 2.17 of the Real Estate Services Regulation (see Exemption # 1 (a) above).
If you feel that a real estate licensee representing you has not acted in your best interests, or may have otherwise contravened the Real Estate Services Act, contact the Real Estate Council of BC promptly: [email protected] 1-877-68estate licensee representing you has not acted in your best interests, or may have otherwise contravened the Real Estate Services Act, contact the Real Estate Council of BC promptly: [email protected] 1-877-68Estate Services Act, contact the Real Estate Council of BC promptly: [email protected] 1-877-68Estate Council of BC promptly: [email protected] 1-877-683-9664
If a licensee is to directly or indirectly acquire real estate, the licensee must make disclosure of certain information to the seller of the real estate.
House Bill 1453 and Senate Bill 824 Real Estate Licensees - Verification of Service Provider Licensing Status states that a licensee of the State Real Estate Commission need not verify that a specified service provider is currently licensed by the state to perform the services if the licensee offers the name of the service provider to a client in the provision of real estate brokerage serEstate Licensees - Verification of Service Provider Licensing Status states that a licensee of the State Real Estate Commission need not verify that a specified service provider is currently licensed by the state to perform the services if the licensee offers the name of the service provider to a client in the provision of real estate brokerage serEstate Commission need not verify that a specified service provider is currently licensed by the state to perform the services if the licensee offers the name of the service provider to a client in the provision of real estate brokerage serestate brokerage services.
Section 4 - 6 of the Rules requires that if real estate advertising identifies an individual licensee, this must be done by using the licensee name of the individual.
This advice would also be applicable if licensees are involved in the sale of a business that initially involves the sale of assets with a real estate component which would require a real estate licence but subsequently changes to the sale of less than 100 % of the shares of the corporation owning the real estate which would not require a real estate licence.
(2)... subject to the Rules, this Act applies to every licensee who provides real estate services, even if the licensee
The fund provides protection if a member of the public suffers a compensable loss when money entrusted to a real estate licensee or an unlicensed individual at a brokerage is misappropriated, obtained by fraud, or intentionally not paid over or accounted for.
2.11 A person who is providing trading services only by referring a party to a trade in real estate to a licensee, or by referring a licensee to a party, for the purpose of the licensee providing trading services, is exempt from the requirement to be licensed under Part 2 of the Act in relation to the person's provision of those referral services if
The amendments further provide that licensees must take certain steps if they are involved in a potential real estate transaction where an offer to be presented to the seller does not include the Standard Assignment Terms.
If a licensee is the sole shareholder of a corporation that owns rental real estate and the licensee provides rental property management services to the corporation, the licensee must also provide written disclosure to the licensee's managing broker that the licensee will be providing rental property management services to or on behalf of the corporation.
A rental property management service agreement between the brokerage and the client would be necessary, and if the rent is to be collected by the licensee, the trust accounting requirements of the Real Estate Services Act apply.
If a client asks questions about the specific legal implications of particular terms or conditions, the licensee should explain that a licensee may not give legal advice and should encourage the client to consult a lawyer familiar with real estate matters.