Sentences with phrase «supervise associate brokers»
CRC # 400 Matter of Pozzanghera, Consent Order - failure to supervise in permitting use of trade name before being licensed and in permitting use of unlicensed branch office; failure to supervise associate brokers; improper licensure as representative broker when not a corporate officer; failure to execute termination of association cards; $ 7,000 fine
http://www.nysar.com/ Not exact matches
How can broker - owner Matthew Widdows properly supervise his associates with no office staff?
Using this analysis, the trial court determined that Re / Max sales associates were employees because the brokers provide all the work «tools» to the sales associates; the sales associates are required to work exclusively for Re / Max; and sales associates are required by statute to be supervised by brokers.
The sales associates have to comply with behavioral guidelines established by Re / Max brokers; the sales associates are supervised by the brokers; and the sales associates depend upon brokers providing them with the necessary «tools» (office equipment, listings, etc.) to perform as a sales associate.
The Discipline Hearing Committee has further ordered that, in addition to ensuring that Mr. Lin no longer associates himself as a licensee or as an unlicensed assistant with the brokerage Lester Lin Realty, the brokerage and the managing broker, Jeffrey Fee, must take immediate steps to ensure that licensees associated with the brokerage are properly supervised as required under the Council Rules.
In addition, Acme's property management services must be supervised by a managing broker who is licensed to provide rental property management services and all other persons employed by Acme as leasing or rental agents must be licensed as representatives (or associate brokers) to provide rental property management services under RESA.
241 DOS 98 Matter of DOS v. Himark Realty — failure to appear at hearing; cease - and - desist; duty to supervise sales associates; vicarious liability; ex parte hearing is permissible upon proof of proper service; salesperson inadvertently calls home listed on cease - and - desist list which demonstrates incompetency; broker is obligated to supervise real estate brokerage activities of its salespersons and is vicariously liable for their misconduct, limited only with regard to penalty in cases where the broker lacked actual knowledge of misconduct or did not retain any benefit derived from that misconduct; corporate broker, representative broker and salesperson each to pay $ 250 fine
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
Separate Licenses for Associate Brokers and Supervising Brokers In an effort to strengthen broker supervision, a Supervising Broker licensing category should be created.
(6) When required in writing to do so by a salesperson formerly associated with a supervising broker, the supervising broker shall promptly provide the former salesperson with a certified statement on the form prescribed by the board, identifying all real estate transactions in which the salesperson was involved in connection with the salesperson's association with the supervising broker, within the three years preceding the request.
NVAR recommends legislative or regulatory action to: (1) separate licenses for Associate Brokers and Supervising Brokers; (2) establish Supervising Broker course requirements; (3) improve the quality of real estate schools and instructors; (4) require mandatory continuing education topics be completed in - class; (5) bolster pre-licensing education requirements; and (6) improve VREB enforcement.
To support managing brokers in their efforts to ensure that their associated licensees are adequately managed and supervised, particularly in the area of strata management, the Council has developed this Special Report from Council, focusing on the unique challenges facing managing brokers in the course of operating a brokerage that provides strata management services.