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Archive for the 'Law & Ethics' Category

What happens to real estate agent’s license if a misdeamenor is not mentioned on the application?

Cherrigirl22 asked:
I know a real estate agent who committed a misdemeanor in 2001 by getting a fake id to lie about her age to obtain liquor. What is going to happen to her real estated license if she did not mention that on her apllication and investigation proves that she did commit the misdeamenor [...]

Is it illegal for a real estate broker to disclose buyers of nearby subsidize housing projects?

Gchris asked:
Doesn’t HUD say that it is against the law for real estate brokers to tell their buyers regarding the existence of subsidized housing nearby the property that’s for sale? Can anyone link me to this law? Greatly appreciated!
Real Estate Blog

How does a DWI affect my real estate license?

Brittney W asked:
I recently got a DWI and am in the process of obtaining my real estate license. I have no prior criminal record, but I wasnt sure if it was possible to obtain a license with a class b misdemeanor. Does anyone have advice? I live in Texas. I tried looking on the [...]

My NYC real estate broker is holding on to my commisson and will not pay me?

hater28 asked:
I am a new york real estate saleperson in NYC and my real estate broker is holding on to my commisson after I have left his company. Who do I contact in order to report him?
Also he has been holding commission for other agent with his personal account. Can I use this to [...]

How come that very few people who committed fraud during the real estate boom never got prosecuted?

D GeN-X asked:
Massive fraud were committed in the real estate industry during the boom, but very few went to jail. There were a lot of stories how real estate agents, brokers, lenders falsifies documents to get loans, etc. Overall, very few people got prosecuted and went to jail.
Sacramento Condos, Sacramento Homes

Is a real estate broker suppose to diclose a death in a home?

tstep_1868 asked:
This pertains to Oklahoma Real Estate Law, and if they are not suppose to and they do, what are the consequences?
Huntsville Housevalues

How can you become a real estate agent if you are a felony in north carolina state?

Claudia B asked:
I am asking this question because of a friend
and she is trying to become an agent in Real Estate in North Carolina. Will she have to seal her records in order to do it.
Simi Valley CA Real Estate

What are the requirements to obtain real estate by adverse possession?

interested asked:
Adverse possession relating to real estate, are there specific requirements in the state of AR to acquire the real estated in question.
Malibu homes for lease