Sentences with phrase «licensed real estate activity»

A licence suspension can be for any length of time, but regardless of how long the suspension is for, one thing does not change: an individual whose licence has been suspended must cease all licensed real estate activity for the period of the suspension.

An individual whose licence has been suspended must cease all licensed real estate activity for the period of the suspension.

Oregon's highest court has decided that the state's real estate commission couldn't declare a broker untrustworthy and revoke his license when he was found guilty of crimes that didn't directly relate to licensed real estate activity.

Not exact matches

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(3) A person licensed by the Real Estate Commission to the extent that the person is engaged in activities regulated by that commission;

d. Any licensed real estate agent or broker who is performing those activities subject to the regulation of the North Carolina Real Estate Commissreal estate agent or broker who is performing those activities subject to the regulation of the North Carolina Real Estate Commiestate agent or broker who is performing those activities subject to the regulation of the North Carolina Real Estate CommissReal Estate CommiEstate Commission.

Mortgage Banker, Real Estate Investor, Business Owner and Licensed Real Estate Broker are all activities, which reflect my 14 + years of Mortgage and Investment experience.

However, what I posted above is in regards to whether a real estate license is needed when involving real estate activity for pay.

Requiring personal assistants to have a real estate license or not to engage in activities requiring a license were the most frequently adopted policies.

He said tightening control of the activities of real estate brokers may involve the return of state licensing, which was discontinued in 2002 and replaced by the practice of certification of companies and brokers.

The return of licensing of real estate activities in Russia was proposed by President Vladimir Putin in April 2015, but a final decision regarding this issue has not yet been made.

Fifty - three percent of the Designated REALTOR ® group and 32 percent of the REALTrends sample indicated either that they require personal assistants to have a real estate license or that personal assistants aren't permitted to perform activities that require a real estate license.

Arizona law provides some exemptions from real estate licensing law, where people may in certain situations may legally conduct real estate activities without a license.

Individuals employed by the international, national or regional organizational headquarters of a corporation engaged in real estate activities or activities allied with real estate and who may be licensed or unlicensed may be elected to National Affiliate Membership in the National Association, provided the individual does not personally provide real estate services to persons or entities other than the employing company.

Conducting real estate activity for pay in Arizona requires an active real estate license.

However, Maria Litinetskaya, CEO of Metrium Group, another of Russia's leading real estate agencies, says licensing of real estate activities does not make any sense.

For a state - by - state summary of real estate — related activities you can perform with your current license, check out the ARELLO Digest of License Laws and Current Issues at the library of your local REALTOR ® association, or order it at www.arellicense, check out the ARELLO Digest of License Laws and Current Issues at the library of your local REALTOR ® association, or order it at www.arelLicense Laws and Current Issues at the library of your local REALTOR ® association, or order it at www.arello.org.

The principal broker must oversee operations, maintain records, comply with trust account rules, develop a written policy on agency, ensure advertising compliance, and ensure that only licensees perform real estate activities for which a license is required.

The real issue here is the DOC's definition of «unlicensed activity,» and that they consider «marketing properties you do not own without a real estate license» a violation of Ohio real estate licensing laws.

Unlicensed personal assistants are prohibited from engaging in «professional real estate activity» as defined in our state license statutes.

The fundamental purpose of restricting access to Real Estate industry statistics or data, is to ensure that only licensed Real Estate practitioner's engage in activities that are only supposed to be engaged in by licensed member's.

It doesn't matter because all the Real Estate Councils except B C have made «mere posting» a trading services activity which means you have to be a licensed Managing Broker in each Province to get the data sheets so your individual agent can do a «Mere Posting.»

In other words, in all states, facilitating real estate sales without a license is an illegal activity, or can be, regardless of how well they do it.

The median gross income of REALTORS ® — earned from real estate activities — was $ 42,500 in 2016, An increase from $ 39,200 in 2015 Those are licensed as sales agents typically reported a median income of $ 31,670, an increase from $ 27,260 reported in 2015.

The Tax Court has considered whether an exception to the passive activity loss rules only cover licensed real estate brokers or applies to all real estate professionals.

The Company was not licensed to engage in real estate activities in Illinois, although the individual employee who worked on the transaction possessed an Illinois real estate broker's license.

This includes oversight on the activities of the Real Estate Council, and creating Rules to govern the conduct of licensed real estate professionals and brokeraReal Estate Council, and creating Rules to govern the conduct of licensed real estate professionals and brokeEstate Council, and creating Rules to govern the conduct of licensed real estate professionals and brokerareal estate professionals and brokeestate professionals and brokerages.

The Commission was created to protect the health, safety and welfare of the public through examination, licensing, and regulatory activities, to uphold and apply the governing real estate laws and regulations equally to all, to provide courteous, reasonable, and professional assistance, and to impartially conduct disciplinary actions.

Declaratory Ruling 90 - 3 (Sven R. Paul)- unlicensed persons can be officers and shareholders of a licensed corporate real estate broker, but may not engage in licensed activity; a salesperson can not be a shareholder or officer of a corporate licensee; all real estate activities of the corporation must be conducted by an officer who is licensed as a real estate broker

Wharton Realty v. Main 38 Realty, Inc. (289 A.D. 2d 177)- plaintiff agreed to provide a tenant for owner in exchange for a portion of the rent collected; such activity constituted regulated real estate activity; plaintiff was not licensed as a real estate broker and accordingly may not maintain action to obtain compensation for acting in that capacity

730 DOS 02 DOS v. New World Realty of New York, Inc. — availing of license; deposits; disclosure of agency relationships; duty to supervise sales associates; failure to pay judgment; proper business practices; DOS has jurisdiction where disciplinary action was started while individual was licensed as an associate broker and was eligible to automatically renew at the time of the disciplinary hearing; salesperson owned voting stock in licensed corporate real estate broker, failed to pay judgment and failed to present evidence of inability to do so, and engaged in unlicensed activity after license expired; representative broker availed corporate real estate brokers license to salesperson; representative broker failed to properly supervise salesperson by permitting and authorizing salesperson to act as a real estate broker; broker and salesperson failed to make agency disclosures and failed to deposit funds of principal in a special bank account; real estate transaction conducted was a fraudulent business practice; DOS fails to prove the unauthorized practice of law; salesperson's license revoked and salesperson ordered to pay refund of $ 1,406.00 of illegal commission collected; representative broker's license revoked and broker ordered to refund $ 74.00 of illegal commission collected; representative broker fined $ 5,000.00

960 DOS 03 DOS v. Vazquez - deposits; unlicensed activity; duty to supervise sales associate; failure to cooperate with DOS investigation; failure to pay judgment; sanction; broker fails to reply to DOS's request for information; broker allows two individuals to work in association with brokerage without being properly licensed; broker fails to pay judgment; broker fails to return rental deposits in two transactions where the rental was not consummated; broker fails to supervise sales associate and is accountable for monies received by salesperson and unaccounted for; in setting penalty, it is proper to consider licensees were found to have availed themselves of improper licensed real estate salespersons and to have retained an unearned commission; corporate broker's license and representative broker's license revoked and brokers ordered to pay restitution in the amount $ 7,725.00 and judgment in the amount $ 740.37

One of the issues that is of importance for licensees who might be considering establishing and licensing a personal real estate corporation is what type of activities will be allowed to be undertaken by a personal real estate corporation.

A resolution recently passed by Philadelphia City Council called for an audit of real estate activity in the city, and a determination of whether business privilege taxes were being paid, and appropriate commercial licenses obtained, by suburban Realtors doing business in the city.

As of January 1, 2006, strata management became an activity for which a real estate licence is required * and the conduct of licensed strata managers became subject to the requirements of the Real Estate Services Act, over which the Council has jurisdictreal estate licence is required * and the conduct of licensed strata managers became subject to the requirements of the Real Estate Services Act, over which the Council has jurisdiestate licence is required * and the conduct of licensed strata managers became subject to the requirements of the Real Estate Services Act, over which the Council has jurisdictReal Estate Services Act, over which the Council has jurisdiEstate Services Act, over which the Council has jurisdiction.

The audit, titled the «Tax Discovery Initiative,» was completed in April 2015 and found that about 28 percent of the 389 real estate agents surveyed did not have a required commercial activity license or business income and receipts tax account number.

licensing individuals and brokerages engaged in real estate sales, rental property management and strata management activities

107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of payment of restitution

As now constituted, Section § 442 restricts the activities of unlicensed persons in regulated real estate transactions by prohibiting a broker from (1) paying any part of its commission to another for help rendered by such person to the broker in the buying, selling, exchanging, leasing, renting or negotiation of a loan on real estate, including condominium resales, unless such person is a duly licensed real estate broker or salesman regularly associated with the broker and (2) prohibiting the broker from paying any part of its commission to any party to the transaction unless such party is duly licensed.

145 DOS 99 Matter of DOS v. Reles - jurisdiction; proper business practices; unearned commissions; surrender of license by broker does not divest DOS of jurisdiction; broker pleads no contest to charge that he conducted regulated real estate transactions under an unlicensed name; fees charged while conducting activity under an unlicensed name are unearned; broker fails to execute written Consent Order and make restitution in accordance with no contest plea; license revoked, no action on further licensure until proof submitted of payment of restitution

Current license holders wishing to obtain continuing education credit for a course that is not approved by the Commission or for real estate education activity equivalent to a Commission - approved continuing education course must complete this form.

00 (95 DOS 00) Peattie v. DOS - DOS determination to require salesperson to pay restitution to non-party complainants and retain license is reversed in part and modified; engaging in regulated real estate brokerage business in an unlicensed name and at an unlicensed business address; operation of business and business procedures designed to circumvent licensing law in the name of a «consulting business»; salesperson allowed toretain payment of fees for unregulated activity and required to disgorge fees for regulated services; all licenses revoked until such time as restitution is paid

Jesse — My understanding of Oregon law is that if you're a licensed agent doing any real estate activity, whether it includes a «personal interest» or not, you can only get paid through your principal broker.

State of California The State of California, Department of Real Estate, requires a real estate brokerage license for certain activities performed by Robert K. Futterman & Associates within the stReal Estate, requires a real estate brokerage license for certain activities performed by Robert K. Futterman & Associates within the Estate, requires a real estate brokerage license for certain activities performed by Robert K. Futterman & Associates within the streal estate brokerage license for certain activities performed by Robert K. Futterman & Associates within the estate brokerage license for certain activities performed by Robert K. Futterman & Associates within the state.

The Real Estate Council has developed the following lists of additional activities which may and may not be performed by an unlicensed person employed or contracted by a brokerage licensed to provide strata management services.

Fee - based appraisal services that are provided in relation to a trade in real estate are activities that require licensing if they include advising on the appropriate price for real estate, or making representations about the real estate.

As the court explained, the essence of a cobrokerage agreement is that both parties perform real estate brokerage functions within the meaning of the Connecticut statute, and Wilder's activities in that capacity were not allowed without a valid Connecticut broker's license.

Notwithstanding the foregoing, Carrington is licensed to conduct real estate brokerage activity under the following state licenses:

The license authorizes real estate activity only if the salesperson is in the employ of a licensed broker.

Many key components of property management are considered a real estate activity under most state's real estate licensing laws, meaning that any person or company that engages in the lease or rental of real estate, offers real estate or who lists, offers, attempts or agrees to list real estate must have a real estate broker's license.