Web- a provisional broker and a broker licensee from firms that are cooperating in a transaction - a firm that represents buyers and sellers - a broker having a buyer client for a property the broker personally listed a broker having a buyer client for a property the broker personally listed WebNov 3, 2024 · Unlike a cooperative portability state, a state with a physical location real estate license portability law allows you to represent your client in an out-of-state …
NCREC- License Law and Rules Comments Flashcards Quizlet
WebA. broker may not represent a buyer in a transaction where the licensee has an ownership interest in the property. B. If a broker has an interest in the property and represents the buyer, the licensee must disclose dual agency C. A licensee is not subject to the rules of the NCREC when selling their own property D. WebEl Jefe. The Principal Broker. Also known as managing broker or qualifying broker, the principal broker is the one with the legal authority to sign agency contracts with a home buyer or a home seller and the one who … bingley yorkshire clinic
Real Estate Agents vs. Brokers vs. Realtors Differences
WebA provisional broker and the broker in charge cannot act as designated agents - they can act as dual agents. A buyer decides not to sign an Exclusive Buyer Agency Agreement with a firm, but still wants to see property without representation. Webyes, licensees may be subject to the same disciplinary action for committing acts prohibited by the License Law when selling, leasing, or buying real estate for themselves. Injunctive relief in superior court-- to prevent any person from violating the License Law or Commission Rules Sets with similar terms WebThe broker-in-charge at a firm must meet the following qualifications: be a non-provisional broker and have two years full-time (or equivalent part-time) brokerage experience in any state within the previous five years, or be found by the commission to … bingley yorkshire england