Sentences with phrase «individually licensed broker»

152 DOS 93 Matter of DOS v. Baird - individually licensed broker improperly conducts business under unlicensed name; failure to file termination of associate card; complaint amended to conform to the proof; failure of proof of dual agency

112 DOS 99 Matter of DOS v. Dorfman - adjournments; proper business practices; failure to appear at hearing; failure to cooperate with DOS investigation; accounting to client; ex parte hearing may proceed upon proof of proper service; individually licensed broker seeking to conduct brokerage business under a name other than his own must apply for a license under such new name; broker engaged in the leasing of real property through an unlicensed corporation; broker failed to cooperate with DOS investigation by failing to respond to DOS letters and telephone calls; complaint alleges broker failed to provide an accounting or copies of records of management for owner's property; broker may be required to return commissions and fees received which he is not entitled to; $ 1,000.00 fine and suspension of broker's license until such time as broker establishes he has fully complied with DOS's investigation and made a full and satisfactory accounting to owner, shall have paid to owner all money due and owning to him as established by the accounting, with interest, and shall have refunded to owner all commissions and other fees, with interest, paid

152 DOS 93 Matter of DOS v. Baird - individually licensed broker improperly conducts business under unlicensed name; failure to file termination of association card; complaint amended to conform to the proof; failure of proof of dual agency

92 DOS 93 Matter of Bijur - licensee required to be licensed in the capacity under which he conducts business; individually licensed broker acts as associate broker without proper licensing, business card does not reflect licensed status; past discipline considered regarding penalty; $ 500 fine or 1 - month suspension for corporation and representative broker; 1 - month suspension for individual broker who failed to obtain associate brokerage license

103 DOS 93 Matter of Cipriani Lewis - individually licensed broker fails to obtain associate broker's license when acting under the name of the corporation; must get relicensed as associate broker, can't merely file salesperson's change of association form; pleadings amended to conform to the proof; reprimand

Not exact matches

The Loan Officers at non-depository lenders (brokers) must be individually licensed, pass state and federal tests, and complete continuing education each year.

Dealing individually with a homeowner, as is usually done, does have legal implications and you can easily get into brokering without a license.

The two statutes were in conflict, since the license law required broker supervision of the salespeople yet allowed them to operate as independent contractors, while the independent contractor statute demands that the independent contractor not be involved in the usual business of the entity and also be individually established in the trade or business for which they are providing the service.

How bad are the possible legal ramifications for each individually - licensed broker?

Barclay v. Denckla (182 A.D. 2d 658) summary judgment denied, on basis of fact question whether the plaintiffs, who were individually licensed as brokers, were partners and, as such, had to be licensed as a partnership before they could bring suit.

1 DOS 98 Matter of DOS v. Fiumera - proper business practices; broker licensed in her individual name violates RPL § 440 - a when not also licensed as an associate broker while working under the name and auspices of another broker; broker not required to disgorge commission where individually licensed and additional associate broker's license would be issued pro forma upon payment of licensing fee; broker did not engage in fraudulent practice when advised homeowner that radon report was acceptable when reasonably acted upon advice given to her by the party taking the test; broker's offer to pay for remedial work indicates a good faith offer of settlement; $ 250 fine

In order to obtain this license, most jurisdictions require that a member or manager of the limited liability company be licensed individually as a real estate broker in that jurisdiction.