How long does a licensee have to respond to a complaint with the Arkansas Real Estate Commission?

How soon after a possible license law violation is committed must a complaint be filed with the Arkansas Real Estate Commission?

The answer is both the salesperson and the broker are in violation of not properly notifying the Arkansas Real Estate Commission. The Arkansas Real Estate Commission must be notified in writing within 30 days of the violation of the commission regulations.

How do you file a complaint against a Realtor in Arkansas?

If you believe that a REALTOR® has violated one or more Articles of the Code of Ethics, you can file an ethics complaint alleging a violation(s) through the local association of REALTORS® where the REALTOR® holds membership, or participates in a REALTOR® association-owned/operated MLS.

What is the statute of limitations for investigation of a licensed person in connection with a Texas real estate complaint?

The time limit for complaints is four years from the date of the incident.

THIS MEANING:  What is a REIT and why might an investor be interested in them?

What is the most common Real Estate License Law complaint?

Most Common Complaints

  • Incomplete and duplicate contracts.
  • No permits.
  • Easement errors.
  • Mineral rights.
  • Failure to review or recommend survey.
  • Contract drafting.
  • Failure to review title.
  • Loss of earnest money.

When must the Georgia Real Estate Commission publish on its website the name of a licensee found guilty of a violation?

By law, Jim’s name will be published on the Georgia Real Estate Commission website after how long? If a licensee’s license is revoked or suspended for more than 60 days, the licensee’s name is required by law to be published on the Georgia Real Estate Commission website.

Which one of the following is not considered to be trust funds?

4 of 50 – Which of following are not considered trust funds? … Commissions, operating funds, and broker-owned rents and deposits are not funds belonging to others.

Which is not a violation for which the Texas Real Estate Commission trec may suspend or revoke a license or take other disciplinary action?

Which is NOT a violation for which the Texas Real Estate Commission (TREC) may suspend or revoke a license or take other disciplinary action? The answer is requesting a moral character determination from the Commission.

What is the most common license law violation?

Licensees’ most common enforcement violations

  1. Trust Fund Record Keeping. Trust fund handling problems usually stem from these two problems: …
  2. Trust Fund Shortage. The importance of responsible trust fund handling cannot be stressed enough. …
  3. Failure to Supervise. …
  4. Unlicensed Activity. …
  5. Misrepresentation. …
  6. Criminal Convictions.
THIS MEANING:  How soon can you refinance a rental property?

Can you fire your realtor?

Yes, you can fire your real estate agent.

If you haven’t signed a buyer’s agent agreement, all you have to do is tell them that you’d like to part ways. However, if a buyer’s agent agreement was signed, you’ll have to read it very carefully to see the terms for ending a contract early, then follow them.

Can I sue my realtor for negligence?

If a real estate agent fails to comply, you have grounds not only to terminate your lease or purchase agreement, but you can actually take legal actions against the agent for professional or unsatisfactory misconduct. You can sue your realtor for failure to disclose any of the following: … History of the property.