REP_OH.05

REP_OH.05 - CM 426 REP 5 1950's SMALL FIRMS FAMILY-RUN...

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CM 426 -- REP 5 1950's SMALL FIRMS, FAMILY-RUN – BROKERS ALMOST ALWAYS REPRESENTED THE BUYERS 1960's BEGAN MLS AND SHARING OF INFORMATION – BROKERS STILL REPRESENTED SELLERS’ INTEREST -- BUYERS BEGAN TO QUESTION BROKER REPRESENTATION SOME LARGER FIRMS -- NATIONAL IN SCOPE CURRENTLY, ALL 50 STATES, D.C., AND ALL CANADIAN PROVINCES REGULATE BROKERS AND SALESPERSONS ARELLO – ASSOCIATION OF REAL ESTATE LICENSE LAW OFFICIALS STATE LICENSE LAW OFFICIALS WHO PROMOTE UNIFORM POLICIES AND STANDARDS FOR ADMINISTERING AND ENFORCING STATE LICENSE LAWS I. PURPOSE OF LICENSE LAWS A. ESTABLISH BASIC REQUIREMENTS FOR LICENSURE B. DEFINE ACTIVITIES FOR WHICH LICENSE IS REQUIRED C. DESCRIBE LEGAL CONDUCT D. ENFORCE CONDUCT THROUGH DISCIPLINARY SYSTEM II. BROKERAGE A. BRINGING PARTIES TOGETHER 1. STOCK 2. MORTGAGE 3. CUSTOMS 4. REAL ESTATE B. REAL ESTATE BROKER
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PERSON LICENSED TO BUY, SELL, EXCHANGE OR LEASE REAL PROPERTY FOR OTHERS AND TO CHARGE A FEE FOR THESE SERVICES C. FORMS OF BUSINESS ASSOCIATION
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REP_OH.05 - CM 426 REP 5 1950's SMALL FIRMS FAMILY-RUN...

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