Sentences with phrase «fee by a real estate licensee»

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.

Not exact matches

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.

In the event of the death of a licensed broker, who is the sole proprietor of a real estate business, the board shall, upon application by his legal representative, issue, without examination, a temporary license to such legal representative, or to an individual designated by him and approved by the board, upon the filing of a bond as aforesaid and the payment of the prescribed fee, which shall authorize such temporary licensee to continue to transact said business for a period not to exceed one year from the date of death subject to all other provisions of sections eighty - seven PP to eighty - seven DDD applicable to a licensed broker except that such temporary license shall not be renewed.

(a) when a referral fee is received by a brokerage in relation to trading services, and the only trading service provided by the brokerage is the referral of a person to a licensee or a licensee to a person for the purposes of a licensee providing real estate services; or

To obtain credit for such a CE course (s), the licensee must submit a written request for CE credit using the CE Credit Request (Form REC 7.13) accompanied by a nonrefundable processing fee of fifty dollars ($ 50.00) per request, payable to the North Carolina Real Estate Commission.

The service provider clients are not real estate licensees and are being paid by PHH from commissions earned in the related transaction Therefore, the payment will be an unlawful fee split unless the services paid for are those for which a real estate license is not required.

Processing of course taken by a non-resident licensee that is approved by that state's Real Estate Commission [$ 50 Fee]

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.

a.) defining a word or expression used but not defined in this Act; b.) exempting classes of persons from the requirement to be licensed in order to provide real estate services and establishing restrictions and conditions in relation to an exemption; b. 1) respecting a minimum rate of interest for a brokerage trust account; c.) conferring additional powers and imposing additional duties and restrictions on the real estate council and council members, including by prescribing matters respecting which the real estate council may or must make rules and bylaws; d.) imposing fees or assessments to be paid by licensees in relation to the issuing, reinstatement or amendment of a licence and, in relation to this,