Not exact matches
The fiduciary relationship
requires the agent or
broker to inform the insured of all material facts within the
broker's
knowledge regarding the insurance transaction.
Noseworthy said he is confident that the new Council can provide the guidance and
knowledge required to make the needed IAG changes that relate to the Council's role to regulate and licence
brokers.
A
broker must only disclose the information of which he or she has actual
knowledge, but a
broker is
required not to disclose information that may «psychologically impact or stigmatize real property,» absent informed consent of the client.
Delivering services to today's retail industry
requires in - depth, geography - specific
knowledge on the part of the retail
broker.
If the managing
broker has
knowledge of conduct that the managing
broker considers to be professional misconduct, conduct unbecoming a licensee, or may be improper or negligent conduct, section 3 - 1 of the Rules
requires that the managing
broker must take reasonable steps to deal with the matter.
To be a member of this organization, agents and
brokers must maintain a superior
knowledge and experience than those
required by law.
287 DOS 98 Matter of DOS v. Uqdah Realty & Management Corp. — deposits; jurisdiction; fraudulent practices; failure to pay judgment; vicarious liability; notary public; disclosure of agency relationship;
broker violated 19 NYCRR 175.1 when he deposited escrow funds into his operating account;
broker committed conversion when his operating account fell below deposit amount;
broker engaged in fraudulent practices when he illegally retained buyer's trust funds and attempted to qualify prospective buyer for mortgage by falsely stating their employment;
broker failed to disclose his agency relationship to his client; failure to pay judgment; corporate real estate
broker vicariously liable and charged with actual
knowledge of violation of law because of representative
broker's cognizant misconduct as corporate officer;
broker is not
required to deposit a refundable commission in an escrow account unless contractually demanded; corporate
broker and representative
broker's license revoked; restitution of deposit of $ 12,000 plus interest; notary public commission revoked based on misconduct as a real estate licensee
However, «where a
broker or merchant makes an affirmative misrepresentation, the Act does not
require a showing of
knowledge of falsity or intent to deceive in order to hold the offender liable to the purchaser.»
«NAR works constantly to promote the core components of Realtor ® safety:
knowledge, awareness and empowerment,» said NAR President Chris Polychron, executive
broker with 1st Choice Realty in Hot Springs, Ark. «As with most jobs that
require interacting with the public, selling real estate involves some risk.