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Tag Archive
Part 2: Licensed to what?
Many real estate offices employ office workers who keep the books, provide clerical services and greet clients at the reception desk. What kinds of work are these unlicensed, “exempt” employees permitted to perform? After all, having a bright-line definition of licensed activity would be helpful since crossing the line is a violation of law... »
Part 1: Licensed to what?
What are real estate brokers or salespersons licensed to do? This is part one of a two-part series that describes what licensees can and can’t do. »
Exclusive: Agency vs. right to sell
According to RELRA, an agency relationship is one in which “the broker or licensees in the employ of the broker act as fiduciaries for a consumer of real estate services by the express authority of the consumer or real estate services.” In other words, the seller hires the broker to list the property for... »
BPO vs. CMA (revisited)
Licensees often receive calls from lending institutions to perform broker price opinions (BPO’s) and in the current financial market those calls have only increased. You can’t provide a BPO and you do not want to turn away potential business, so what can you do? »
Podcast: RELRA changes take effect next Friday
Hank Lerner, PAR’s Director of Member & Legal Services, explains what steps REALTORS® need to take to create a "qualified association" in the second-half of the two-part series on RELRA. »
Podcast: Establishing a ‘qualified association’
Two substantial changes to the Real Estate Licensing and Registration Act (RELRA) go into effect on September 4, 2009. Hank Lerner, PAR's Director of Member & Legal Services, explains how licensees can establish a “qualified association” to collect payments from brokers. »
Podcast: RELRA escrow changes affect REALTORS®
Two substantial changes to the Real Estate Licensing and Registration Act (RELRA) go into effect on September 4, 2009. PAR President Greg Herb discusses the changes to the escrow rules that apply to real estate licensees. »
RELRA amendments mean two key changes
For the past several years, PAR has been working to amend the Real Estate Licensing and Registration Act (RELRA) in two key areas. In early July we helped to pass what is now Act 14 of 2009, which takes effect on September 4, 2009. »
RELRA and incorporating… more than meets the eye!
Now that you can incorporate, should you? Here's what you need to know before you get started. »
Gov. Rendell enacts RELRA amendments
On Monday, Gov. Edward Rendell signed Senate Bill 241 into law. The legislation, now known as Act 14 of 2009, will allow parties in a real estate transaction to reach an agreement in writing in advance as to how escrow money will be distributed in the event a dispute occurs. »
