The seller, an elderly man, met with a real
estate licensee regarding sale of the property, and decided to sell the property for $ 90,000.
While viewing a home for purchase, the purchaser inquired to the real
estate licensee regarding a neighbor who confronted them during the showing.
Not exact matches
Finally, the most important cog in the organized real
estate (ORE) oversight wheel, RECO, is stepping up to the plate
regarding the beginnings of restricting the number of
licensees in the Ontario real -
estate - commission sweepstakes game.
Colorado amended its statute
regarding referral fees to state that a real
estate licensee may not pay or receive a referral fee except in accordance with RESPA.
For further clarification, especially
regarding spouses owning property,
licensees are directed to the policy entitled «Indemnity Plan», available through the Real
Estate Errors and Omissions Insurance Corporation website.
Opportunity for real
estate licensees to help lawyers / mediators divorce and elder homeowners preserve homeownership eligibility and prevent house mistakes, especially
regarding over-valuation and re-saleability issues.
18 hours total is required for all
licensees, of which at least 2 per year are completed and involve law, rules and court cases
regarding real
estate during each 3 - year cycle.
¶ 9 Paramount also listed undisputed facts
regarding the 2013 transaction for the Residence during which Amber Sprague was the real
estate licensee.
«Confidential information» is information communicated to a real
estate licensee or the
licensee's agent by the buyer or seller of one to four residential units
regarding the real property transaction, including but not limited to price, terms, financial qualifications or motivation to buy or sell.
The Real
Estate Licensing and Registration Act, the Real
Estate Seller's Disclosure Act, the Planned Communities Act, and the Co-Op and Condominium Act provide ample guidance
regarding licensees» obligations to their clients, and establish penalties for non-compliance.
The TRID requirements from the Consumer Finance Protection Bureau
regarding the paperwork required for closing most consumer credit transactions secured by real property, such as a traditional residential mortgage require real
estate licensees acting as agents in the transaction to provide their individual salesperson's or broker's license number.
Stigmatized or Psychologically Impacted Properties Sometimes when dealing in real
estate, the onus will be on you, the buyer, to ask questions
regarding issues of specific importance to you and your family, rather than relying on a real
estate licensee to try to anticipate all of your needs.
The PHH Opinion continues a long line of interpretations from the Department of State
regarding the fee splitting and kickback prohibitions in Section § 442 as they relate to a variety of promotional programs designed by real
estate licensees attempting to increase services and sales.
Licensees must complete at least 2 hours of the required 18 hours each year, involving law, rules and court cases
regarding real
estate.