There is no statutory penalty
imposed on a licensee if they request ID of a person over 21 and the person fails / refuses to produce the ID.
But they don't identify or explain how those specifically create an
obligation on licensees to «promote» diversity that they can properly be required to acknowledge.
When properties are selling quickly, and prices are high, it places a great deal of
pressure on licensees and their clients.
Different states place different levels of
responsibility on the licensee's shoulders, and licensees need to learn how much disclosure they must provide.
Whenever you become aware of any actions by a licensee that may contravene the requirements of the Real Estate Services Act, or specific conditions
placed on that licensee's real estate licence, you should immediately report the matter to the Council.
The ramifications of this amplified rule, which takes effect on March 15, are just now beginning to sink
in on licensees in the province.
There, the court originally found in favor of the licensee, finding that the buyer did not justifiably
rely on the licensee's statement; but the court reconsidered its determination and reversed the judgment it had entered in favor of the licensee.
The Regulation imposes
requirements on licensees who are dealing with assignment terms in «proposed contracts of purchase and sale» (i.e. offers).
Many state license laws impose certain
duties on licensees including the duties of care, loyalty, good faith, and honest and fair dealing.
In one case, the Idaho Supreme Court considered the interplay between contract provisions that attempt to limit a licensee's disclosure duties and the duties imposed
on licensees by statute.
«I guess one of the questions is: Are we hard enough
on licensees who contravene our laws?
Section 2 of RESA stipulates that, once an individual is licensed under RESA, RESA, the Regulations, and Rules apply to all real estate services that the licensee may provide, even if the real estate services are
provided on the licensee's own behalf, are provided for free, or would otherwise be exempt.
«As part of their discipline procedures, the Real Estate Council of British Columbia (the Council) may impose administrative
penalties on licensees when they contravene designated rules.
Visa would greatly benefit by having this growing transaction volume over its network and
not on a licensee's.
For further information on Hong Kong's Investor Compensation Fund, please refer to the website of Investor Compensation Company Limited.For
information on licensees and registered institutions under the SFC, please consult the Public Register of Licensed Persons & Registered Institutions in the SFC website.
My sense from reading some of the criticism directed at the Law Society is that the critics are uncomfortable with the Law Society imposing moral
values on its licensees: because the value and parameters of inclusion, equality and diversity are contested and unclear, the Law Society ought not to require its members to acknowledge a duty to promote them.
A group of law students has drafted an open letter to the Benchers of the Law Society of Upper Canada calling for the repeal of the fee
levied on licensee applicants in order to fund the LPP.
By levying a regressive flat fee
on licensee candidates, the Law Society is effectively giving the rich and privileged a discount on becoming lawyers.
In an era where everyone is used to acquiring digital works through services like iTunes it seems ludicrous, at least to me, that the process Access Copyright proposes to use for tracking and collecting tariffs is essentially manual, labour intensive and place the onus
entirely on the licensee to fully disclose every copy it makes.
Personally, I think LSUC fees should be increased, and made progressive based
on licensee income, in order to fund LPP and other A2J - enhancing initiatives.
Permissive - type licenses, which include MIT, BSD and Apache, contain minimal restrictions and grant broad rights to licensees to use and modify the covered software and to re-distribute the
modifications on the licensee's own preferred terms.
Claims which are not required to be reported include the following: product liability claims, antitrust allegations, allegations involving improper peer review activities, civil rights violations or allegations of liability for injuries
occuring on a licensee's property, but not involving a breach of duty.
A New Jersey appellate court upheld discipline imposed by a real estate
commission on licensees for their role in selling a new home to a second buyer before the underlying transaction had closed.
Where a licensee provides rental property management services in relation to real estate owned by the licensee, section 9 - 1 of the Rules requires that the licensee disclose in writing to prospective tenants as noted above under «Application of RESA», and to the licensee's managing broker that the licensee will be providing rental property management
services on the licensee's own behalf.
The Rules, which are drafted by the Superintendent of Real Estate, establish standards in relation to requirements
placed on licensees.
The ramifications of this amplified rule, which takes effect on March 15, are just now beginning to sink
in on licensees in the province.
An Ohio court has considered a challenge to the discipline
imposed on a licensee by the state's real estate commission.
Section 2 of RESA stipulates that, once an individual is licensed under RESA, RESA, the Real Estate Services Regulation, and the Rules apply to all real estate services that the licensee may provide, even if the real estate services are
provided on the licensee's own behalf, are provided for free, or would other wise be exempt.
Tips on Avoiding Risks in Hot Property Markets When properties are selling quickly, and prices are high, it places a great deal of
pressure on licensees and their clients.
Contraventions of designated Rules may result in the Council imposing an administrative
penalty on a licensee.