JonesRealtyTeam  ™️

A real estate agent can legally represent the buyer ad seller with the consent of both parties. #RealEstate #Education

declaring the agency relationships undertaken by each of the brokers with the participants in the transaction. #realestate

Agency confirmation provision, contained in documents signed by principals used to negotiate the purchase of real estate or the leasing of real estate and lease agreements with a term exceeding one year,

The goal of agencies is to better inform the public (and licensees) in an effort to eliminate some of these deficiencies. #realestate

Sports agency vs real estate agency;; both represent clients, brokers, and agents. #Realestate #Entertainment #Sports #Education

A real estate agent is a real estate salesperson. #realestate

The judgment needs to be based on: • fraud, misrepresentation or deceit; • conversion of trust funds; or • criminal restitution.

The Real Estate Recovery Fund, also known as the Consumer Recovery Account, is available to individuals who have obtained a final-court judgment against a real estate licensee for losses caused while acting as an agent and are unable to recover the judgment from the licensee.

The rules for buying, selling, registering and encumbering mobilehomes that are not considered real property differ from the rules for real estate sales.

The broker handling the sale of a mobilehome that is considered real estate conducts themselves as though they are handling the sale of real estate.

• at least eight feet in width, 40 feet in length or more than 320 square feet when transported in one or more sections; • built on a permanent chassis; and • designed to be used as a dwelling with or without a permanent foundation.

A mobilehome, also called a manufactured home, is a structure:

Mobilehomes have a unique legal status, being either real estate or personal property.

On the sale of a business opportunity, the inventory of the business is transferred to the buyer by a bill of sale. The transfer of more than one-half the inventory of a business’ materials or goods to a person other than the business’ customers is called a bulk sale.

A business opportunity is the sale or lease of the operations and goodwill of an existing business enterprise or opportunity.

The sale of a business opportunity consists of two transactions: • the sale of the business, including inventory, trade fixtures and goodwill; and • the sale of the real property itself, whether a fee or leasehold interest, including the building and land.

However, the DRE may issue a 150-day temporary license to an otherwise qualified applicant who is on the list of persons neglecting child support. Only one 150-day license will be issued, and a four-year license cannot be issued until a release is obtained from the DA's office.

The DRE cannot issue or renew a real estate license if the applicant is on a list of persons not in compliance with child support orders provided by the State Department of Social Services.

Finally, the licensee may rent mineral, oil and gas property and collect the rents or royalties from the mineral, oil and gas property.

A real estate broker and agent may solicit and negotiate for the purchase, lease or exchange of mineral, oil and gas property. The licensee may also arrange or negotiate and service loans on mineral, oil and gas property.