Page 21 - Letter to NAR LT

Opposing SB 2624
VIOLATIONS CITED IN CASES WHERE THE LICENSEE AGREED TO A FULL SUSPENSION OF 30 TO 90 DAYS WITH ADDITIONAL CONTINUING EDUCATION
Broker not licensed in Mississippi (Tennessee Broker) Misrepresentation, Failure to Deliver Documents, Poor communication Allowing a buyer to move into a home before closing w/o seller permission Working without an active license, unresponsive to client
Failure to provide receipt for rental expenses, Poor property management No active Broker’s license, Co-mingling of client funds with personal funds Did not collect Earnest Money
No agency disclosure, no property condition disclosure statement
No dual agency disclosure, misrepresentation, failure to disclose Failure to report adverse court decision on license renewal
No agency disclosure, No written contract (verbal only)
No dual agency disclosure, Misrepresentation, Advised client against the
client’s best interest
Failure to follow client instructions, Listing extension without client approval, Poor property management, release of security deposit without owner approval
Showing home without proper prior approval, Misrepresentation of facts
Incomplete Property Condition Disclosure Statement, failure to disclose change in property tax status
Made changes to an accepted contract without the approval or signature of the parties to the contract
Why protect
Licensees who violate License Law?