Sentences with phrase «of licensees»

If you are a member of a team of licensees, and the Council has approved the team name, you may use that team name in advertising, either on its own or in combination with the personal real estate corporation name.

LB25 changes provisions regarding obligations of licensees when dealing with asset management companies effective August 27, 2011.

Mr. Smith is also the leader of a team of licensees at his related brokerage, known as the ABC Team, and he wonders if he can distribute commissions to the other team members through his personal real estate corporation.

9 DOS 94 Matter of DOS v. Shane - motion for pre-hearing discovery beyond SAPA 401 (6) is denied; rules re: subpoenas in administrative proceedings reiterated; proper procedure of reserving right to file post-hearing memorandum of law; MLS form listing agreements are acceptable; individual license not sufficient to allow acting as representative of corporate licensee - need affiliated license; agreements procured by individual acting under name of firm but without affiliated license are illegal and unenforceable - no brokerage fee can be claimed; misrepresentation and execution of unauthorized extension; misrepresentation of law (distinction between canceling agency authority and abiding contract rights); RPL § 443 controls the disclosures required of licensees; subsequently licensed corporation not vicariously liable; failure to provide copy of agreement (19 NYCRR 175.12); inadvertence considered in determining penalty

Sometimes there are a number of licensees involved in a transaction that has resulted in the filing of a complaint.

The managing broker must be in active charge of the business of the brokerage and must ensure that there is an adequate level of supervision of the licensees engaged by the brokerage.

The majority of licensees respond to inquiries from the Council in a cooperative and professional fashion.

Commission Bylaw 839 provides the authority to the Commission to publish the names of licensees and a situational summary depending on the nature of the sanction imposed.

Report the affiliation or severance of all licensees to ORRA within 30 days.

These measures have increased the training and education levels of licensees, but more must be done.

(c) uphold and protect the public interest in relation to the conduct and integrity of its licensees.

I've heard such from plenty of licensees who I have found I must be very careful dealing with to avoid either or both my clients and myself getting ripped off.

(3) An order under subsection (2) may make different provisions for different classes of licensees as defined in the order.

(A) the names of all licensees on whose behalf the remuneration is being held or is anticipated to be received,

(b) levy different assessments against different classes of licensees as defined by the insurance corporation, and

the real estate council may, by order, require licensees or classes of licensees to provide security against liability for compensable loss,

In a well - managed office, where the activities of licensees and other staff / employees are adequately supervised, the Council would expect that:

Ask the broker to recommend one of the licensees of the brokerage who will be a good match for you and your needs.

The Office of the Superintendent of Real Estate is requesting feedback on proposed rules governing the conduct of licensees providing real estate services in British Columbia.

Brokerages have a responsibility to supervise and manage the activities of licensees engaged at the business, and brokerages who do not comply with these requirements can also expect to face discipline.

The changes would allow one or more licensees to be designated as agents for a seller or buyer, rather than the current practice of all licensees within a brokerage firm owing fiduciary duty to the principal.

The managing broker follows up on the activities of licensees who are absent for prolonged periods from the office.

Practice Tip: Keep track of licensees» continuing education courses using a simple spreadsheet like the one below.

The managing broker is responsible for the supervision of all licensees who are licensed in relation to the brokerage.

This comprehensive course starts with Fair Housing, including the history of Fair Housing, the history of housing practices, the role of state and federal laws in curbing unfair practices, protected classes, risk management in Fair Housing, New York Fair Housing, the impact of Fair Housing on the real estate professional, as well as the reaction of licensees to Fair Housing, an overview of the Fair Housing Act, other Civil Rights laws that impact Fair Housing, Fair Housing - related Presidential Executive Orders, Affirmatively Furthering Fair Housing (AFFH), criminal history and records used in Fair Housing, and emerging and existing Fair Housing issues.

Section 3 - 2 of the Rules details general responsibilities of licensees in relation to their brokerages.

Licensees are advised to read Legally Speaking column # 296 (available on www.realtorlink.ca), which discusses the question of licensees» duties if an illegal activity, such as a marijuana growing operation, is discovered on a listed property.

We are deeply concerned by these matters and we invite members of the public who have been directly affected by any improper business practices of licensees to * protected email *.

Next, the Brokerage challenged the trial court's commission award to two of the Licensees from whom the Brokerage had withheld 100 % of the commission.

The Commissioner made a demand for payment, and eventually the Commissioner filed a lawsuit against the Brokerage on behalf of the Licensees for the unpaid commissions.

The Brokerage also argued that two of the Licensees were estopped from challenging the existence of the Backcharge policy, since they had received Backcharge payments in the past.

I know of some licensees who have changed the date on a listing agreement to stay within the rules.

The dual agency ban was supported by 62.6 per cent of the public but just 34.7 per cent of licensees.

You are right; consumers likely do not need to be protected from your kind — professionals — but they do need to be protected from the rest of the licensees, the amateurs that abound out there.

The real estate license laws create two classes of licensees: brokers and salespeople.

The brokerage's responsibility would be to ensure that each of the licensees acts in accordance with his / her respective agency responsibilities, and that the confidential information of the seller and buyer remains confidential.

Yet the cooling is posing a challenge for the huge number of licensees who entered the business during the boom years and have no experience navigating a more normal market.

The decision is encouraging as the Court recognized that the sale of real property is a sophisticated process, where formality is required and consequently, the expertise of licensees.

In all three cases, the one common theme that is painfully obvious is that none of the licensees involved apparently understood or knew much about agency.

Discipline stats are no help because although they regularly contain agency issues, the overall number of complaints in 2005/2006 in B.C. represented less than three per cent of all licensees and the number disciplined was less than half of one per cent of the total.

lesser numbers of licensees operating therein on any given day.

The proliferation of licensees and the growing salesperson - to - manager ratios are the impetus for this trend.

As a percentage of the then number of licensees, the number of complaints was around two per cent.

And while we may regret their passage, a new age of accountability and consumer protection is upon us, demanding a new standard of our licensees.

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.

In addition there needs to be a minimum performance standard both in quality as well as quantity (i.e. no or limited violation tolerance, as well as a minimum number of completed, complaint free, listings and sales) If the licensing entities in Canada, had any real interest in acting in the best interest of the clients we serve, as well as the well being of our practitioners, this would be a minimum standard, and after 25 years running around in the business, there is no indication this will ever happen, so limiting the number of licensees is therefore never going to happen either...... it is totally against the industry leaders self interests.

Nevertheless, the trend of licensees continues up in numerous states with active real estate markets.

Marty, with permission, reprinted this from the Council newsletter: [«-RSB- «When the designated agent is comprised of more than one licensee, all of those licensees owe fiduciary duties to the client.

Since the initiative was launched, a number of licensees have moved to the company specifically to position themselves as green specialists.

The knee jerk was a proposal to limit the number of licensees per managing broker to 55.