Sentences with phrase «trust by the real estate broker»

Usually held in trust by the real estate broker or solicitor until the closing.

Usually held in trust by the real estate broker or solicitor until the closing.

Not exact matches

It cites a poll by Leger in 2013 that said only 28 per cent of respondents said they trust real estate brokers.

Trusted by leading lenders and institutional investors, the Silicon Valley company is now serving real estate brokers and agents, arming them with an information advantage at a time when homebuyers and sellers are increasingly seeking expert advice backed by reliable data.

She was selected by Canada Trust to become a founding broker as the company ventured into the real estate industry, and after establishing that business moved to Hiller Realty for many years.

Centract says the new network «meets the needs of real estate brokers, agents and consumers by doing the due diligence that was necessary to assemble a network of fully trained, field - tested and professional home inspectors that real estate professionals and consumers can trust.

It cited a 2013 poll on professions by Leger that found only 28 per cent of respondents said they trust real estate brokers, a CAA - Quebec survey that found 99 per cent of DuProprio clients would recommend the company and a Leger survey of Quebec's most - admired companies that placed it in 16th place.

With respect to trust accounts, the amended statute provides that real estate brokers and licensed real estate property managers may not commingle funds in a client trust account, with the exception of compensation earned in connection with a real estate sale, purchase, or exchange transaction.2 Commingling is defined as «the mixing of funds from any source, including personal funds, with trust funds... by a licensed real estate property manager or principal real estate broker.3 Licensees do not need to create a trust account when acting only as a courier conveying a check payable to the seller from the purchaser.4

A fund set up in Nova Scotia to protect consumers from financial loss due to fraud or breach of trust by real estate licensees has become a sore spot for some brokers and sales reps, who say they've contributed more than enough.

«At that time, the Canadian real estate industry was dominated by the trust companies, and the small independent brokers were competing against big companies with brand name awareness and unlimited company resources,» he says.

Connections: Unless you already have good connections, a seasoned real estate agent can make the process smoother by connecting you with professionals who can further assist you with your home purchase, such as a trusted home inspector or a mortgage broker.

287 DOS 98 Matter of DOS v. Uqdah Realty & Management Corp. — deposits; jurisdiction; fraudulent practices; failure to pay judgment; vicarious liability; notary public; disclosure of agency relationship; broker violated 19 NYCRR 175.1 when he deposited escrow funds into his operating account; broker committed conversion when his operating account fell below deposit amount; broker engaged in fraudulent practices when he illegally retained buyer's trust funds and attempted to qualify prospective buyer for mortgage by falsely stating their employment; broker failed to disclose his agency relationship to his client; failure to pay judgment; corporate real estate broker vicariously liable and charged with actual knowledge of violation of law because of representative broker's cognizant misconduct as corporate officer; broker is not required to deposit a refundable commission in an escrow account unless contractually demanded; corporate broker and representative broker's license revoked; restitution of deposit of $ 12,000 plus interest; notary public commission revoked based on misconduct as a real estate licensee

Penrose, CRS ®, GRI, an associate broker with Melcher Agency Real Estate in Phoenix, went with the classic approach to converting FSBOs: He cultivated the Creers» trust by providing useful information and then was ready to help when they realized they couldn't do it alone.

Earnest money is placed by the real estate broker in an non-interest bearing escrow / trust account until closing, when it becomes part of the down payment or closing costs.

David Allen, owner and broker of record of Toronto - based Graydon Hill Realty, has been fined $ 20,000 and ordered to pay $ 100,000 in restitution after pleading guilty to charges brought by the Real Estate Council of Ontario (RECO) relating to the improper disbursements of funds from the brokerage's real estate trust accoReal Estate Council of Ontario (RECO) relating to the improper disbursements of funds from the brokerage's real estate trust acEstate Council of Ontario (RECO) relating to the improper disbursements of funds from the brokerage's real estate trust accoreal estate trust acestate trust account.

Its mission is to indemnify victims of a fraud, a dishonest transactions or a misappropriation of funds or other property which, under the Act, must be deposited in a trust account, in the context of a real estate transaction brokered by a real estate broker or agent.

Established pursuant to the Real Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or agReal Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or Estate Brokerage Act in 1985, the Fonds d'indemnisation du courtage immobilier indemnifies victims of fraud, dishonest transactions or misappropriation of funds or other property which, by law, must be deposited into a trust account during a transaction brokered by a real estate broker or agreal estate broker or estate broker or agent.

The Real Estate Boards around the country can be setting themselves up for an Anti Trust lawsuit if they try to dictate to their brokers that pocket listings can not be taken by their member brokers.