Risk Reduction

Continuing Education-License Renewal
Power of the Dept. of State to Discipline Licenses for Violation of Licensing Law
Agency Diclosure
Lead Paint Disclosure
Disclosure of material Defect or fact relating to property offered for sale or lease
The new "Property Condition Disclosure Act"-Real Property Law Section 462(2)
Fair Housing
Commingling money of principal
Agent's interest in a transaction
Delivering duplicate original of instrument
Termination of salesperson's association with broker
Exclusive listing contracts
Use of trade name
Records of salespersons's experience for use in conjunction with broker application
salesperson owning voting stock in brokerage corporation with which he/she is associated
Records of brokerage transactions that must be maintained on one to four family dwellings
Multiple Listing Agreement- option requirement
advertising
Branch office
Supervision of salespersons, restrictions
splitting commissions