The Code separates REALTORS ® from
other real estate licensees.
It's what separates the country's 1.3 million REALTORS ® from
other real estate licensees.
The trademarks, along with the Code of Ethics and Standards of Practice, set members apart from
other real estate licensees.
Not exact matches
(b) a defect that would involve great expense to remedy; (c) a circumstance that affects the
real estate in respect of which a local government or
other local authority has given a notice to the client or the
licensee, indicating that the circumstance must or should be remedied; (d) a lack of appropriate municipal building and
other permits respecting the
real estate.
Coming, as I do from the land where
licensees can have no
other God before them but
real estate, my lip began to curl.
Licensee or a member of the licensee's immediate family has a financial interest in the transaction other than the licensee's receipt of compensation for the real estate s
Licensee or a member of the
licensee's immediate family has a financial interest in the transaction other than the licensee's receipt of compensation for the real estate s
licensee's immediate family has a financial interest in the transaction
other than the
licensee's receipt of compensation for the real estate s
licensee's receipt of compensation for the
real estate services.
Effective January 1, 2006, the B. C.
Real Estate Council's Rules 5 - 11 and 5 - 12 require
licensees to disclose to their clients the source and amount of remuneration paid by somebody else
other than the client for whom the Realtor is working.
Even without legal fiduciary obligations, it is unrealistic to think that a
real estate licensee can adequately represent himself and the
other party to a transaction because of the inherent conflicts of interest.
So last month we asked you, «Do you believe that
real estate and
other licensees should be penalized with revocation of professional, driver's, and sport licenses as punishment for delinquent child - support cases?»
The court next addressed Dow's argument that the state's
real estate commission had issued a policy statement explicitly allowing
real estate licensees to pay referral fees to
licensees in
other jurisdictions.
Like many
other states, Nebraska has adopted a statute which governs the relationships between
real estate licensees and consumers.
Q: A REALTOR ® in my community actively recruits
real estate licensees from
other offices by e-mailing sales associates insulting comments about their broker - owners.
What if my state has a «do not call» rule that provides an exemption for
real estate licensees or
other real estate activity exemption?
Represent themselves as being a
licensee or as being engaged in the business of buying, selling, exchanging, renting, leasing, managing, auctioning, or dealing with options on any
real estate or the improvement thereon for
others.
In
other states, regulators have rejected a non-agency approach to representation, contending that it is inconsistent with the fiduciary relationship of
licensee to client upon which the
real estate brokerage industry is based.
Real estate brokers may create a corporation, LLC, LLP, or other entity for the purpose of receiving compensation, but no licensee may conduct professional real estate activity under that organizati
Real estate brokers may create a corporation, LLC, LLP, or
other entity for the purpose of receiving compensation, but no
licensee may conduct professional
real estate activity under that organizati
real estate activity under that organization.8
There are
other associations that can do more for their careers and marketing contacts... experienced
licensees... lament that board membership does: little to advance their careers, little to provide access to the research that will keep them savvy about emerging needs of their clients, (does) not support higher standards for new entrants to the industry given the increased complexity of property issues, (does) the dance of ambivalence about authentic professionalism as a goal for a
real estate brokerage career path, and has only a motherhood position on the importance of
real estate brokerage as a service that helps shape better communities by informed approaches to land and property issues.»
We asked you, «Do you believe that
real estate and
other licensees should be penalized with revocation of professional, driver's, and sport licenses as punishment for delinquent child - support cases?»
Where a
licensee receives remuneration, such as a referral fee, as a result of making a recommendation to a client, or recommending a client to a party, the disclosure must be in writing, but, it may NOT be in a written service agreement or any
other agreement giving effect to a trade in
real estate.
In fact, nearly two - thirds of every licence fee we collect is on behalf of
other organizations that play important roles in protecting BC's
real estate consumers and
real estate licensees.
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 exe
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 e
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 exe
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 e
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 exe
real estate services are provided on the licensee's own behalf, are provided for free, or would other wise be e
estate services are provided on the
licensee's own behalf, are provided for free, or would
other wise be exempt.
This conflict may not exist under designated agency if the
other party is able to obtain independent representation through their own designated agent, and if the client's confidential information has not been and will not be shared with the
licensee who is acquiring, or disposing of the
real estate or a
licensee who is representing that
licensee.
The law requires
real estate licensees to perform the following basic duties when dealing with any
real estate buyer or seller as customers: present all offers in a timely manner, account for money or
other property received on your behalf, provide an explanation of the scope of services to be provided, be fair and honest and provide accurate information, provide limited confidentiality, and disclose «material adverse facts» about the property or the transaction which are within the
licensee's knowledge.
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.
In
other words, when you choose to work with any
real estate licensee, your business relationship is legally with the brokerage firm and not with the associated
licensee.
For
licensees providing trading services, if they are acting either as a buyer's agent or as a limited dual agent, they will likely be receiving remuneration from someone
other than their buyer client as a result of providing the
real estate services.
The licensing and
other requirements of RESA must be met by «every
licensee who provides
real estate services» (Section 2 (2) of RESA).
In all
other situations, a
licensee must either satisfy an exemption or comply with RESA, the Regulations, and the Rules if the
licensee provides
real estate services.
Since licensing is required of those providing
real estate services «to or on behalf of another, for or in expectation of remuneration», licensing and the
other requirements of RESA do not apply to strata council members who are not
licensees and who volunteer their time.
(a) brokerage, being a
licensee on behalf of which
other licensees must provide
real estate services;
Misleading or untruthful advertising, including the use of the term «Realtor» ™ by a person not authorized to do so, or using any
other trade name or insignia or membership in any
real estate association or organization, of which the
licensee is not a member;
Where advertising is generated by a database, for example the way that a board's MLS ® generates advertising like feature sheets and
other forms of online listing information, and that database can not accommodate the entire
licensee name of a personal
real estate corporation, the MLS ® will generate «Robbie Vendre PREC *» and a footnote will appear at the bottom of the information that reads «* PREC represents personal
real estate corporation».
124 Despite any
other Act, a municipality must not impose on a
licensee any licence fee or tax for carrying on the
licensee's
real estate business unless the
licensee occupies or uses premises in the municipality for carrying on the
licensee's
real estate business.
In the event of the death of a licensed broker, who is the sole proprietor of a
real estate business, the board shall, upon application by his legal representative, issue, without examination, a temporary license to such legal representative, or to an individual designated by him and approved by the board, upon the filing of a bond as aforesaid and the payment of the prescribed fee, which shall authorize such temporary
licensee to continue to transact said business for a period not to exceed one year from the date of death subject to all
other provisions of sections eighty - seven PP to eighty - seven DDD applicable to a licensed broker except that such temporary license shall not be renewed.
(3) Money received by the
real estate council on account of a discipline penalty under section 43 (2)(i) or, subject to the regulations, an additional penalty under section 43 (2)(j) may be expended by the
real estate council only for the purpose of educating the public, and
licensees and
other participants in the
real estate industry in British Columbia, about
A display kiosk does not require licensing as a branch office provided it is only a display and not staffed by
real estate licensees or
others.
This course will clarify the consumer protection role of
real estate licensees, pre-transaction, to help facilitate documents and
other information gathering in Family Matters.
Realestate Agents in Need ℠, Corporation, (RAIN), is a non-profit organization that provides financial assistance to active and full - time working
real estate licensee, that hold an active membership in the National Association of REALTORS ® for the past two consecutive years and have suffered a catastrophic illness, death of immediate family or
other loss and have exhausted all
other sources of aid.
(b) persons from, for or on whose behalf the
licensee has received money or
other property in respect of
real estate services, or
- misappropriates or wrongfully converts money or
other property entrusted to or received by the
licensee in relation to the provision of
real estate services
inducement representation means a representation or promise made by a
licensee to a party to a trade in
real estate, as an inducement for the party to acquire or dispose of
real estate, that the
licensee or any
other person will
As a designated agent, the broker of the selected
real estate company designates certain
licensees within the company to act exclusively as the seller / landlord agent and
other licensees within the company to act exclusively as the buyer / tenant agent in the transaction.
I mention that because I have worked with many
other REALTORS ® and
real estate licensees in these various...
A
real estate licensee's ability to communicate verbally and in writing with consumers and
other licensees is critical for the delivery of competent services.
(2) A
licensee who is providing trading services to a client who is disposing of
real estate must disclose to all
other parties to the trade, promptly but in any case before any agreement for the acquisition or disposition of the
real estate is entered into, any material latent defect in the
real estate that is known to the
licensee.
There has been some reluctance to formally add sexual orientation and gender identify to the listing of protected classes under Virginia's Fair Housing Laws due to the possibility of creating liability for
real estate licensees and
other housing providers.
4 - 8 A
licensee must not publish
real estate advertising indicating that specific
real estate is being offered for sale or
other disposition unless the owner of the
real estate, or an authorized agent of the owner, has consented to the advertising.
(c) a circumstance that affects the
real estate in respect of which a local government or
other local authority has given a notice to the client or the
licensee, indicating that the circumstance must or should be remedied;
(iv) in respect of money held or received on account of remuneration for
real estate services — a separate trust ledger for each
licensee or
other intended recipient showing all amounts received and disbursed in relation to the recipient and any unexpended balance in relation to the recipient;
Prerequisite: At least five years as a full time
real estate licensee (MI or
other state) and as a REALTOR ® of a board or Association of REALTORS ® (the most recent two years must be as a member of this Association) or the equivalent as recognized by the Chair.