Source: http://www.nysar.com/legal/legal-counsel-compendium/agency-relationships/2---disclosure-of-agency-relationships
Timestamp: 2018-01-16 23:22:33
Document Index: 247350878

Matched Legal Cases: ['§443', '§175', '§175', '§175', '§175', '§442', '§443', '§443', '§443', '§443', '§443', '§443', '§443', '§ 443']

Declaratory Ruling 91-47 Matter of Jacobi, D'Alessandro, Jacobi & Sieghardt - pursuant to RPL §443(3)(d) permissible to have acknowledgement of parties to the contract signed at time of non-binding offer to purchase
"A Consumer's Guide to Employing Real Estate Brokers" (pamphlet available from DOS)
137 DOS 92 Matter of DOS v. Maldon - 1) as long as tell potential buyer that you represent seller, do not have to identify owner (19 NYCRR §175.7); 2) must disclose broker's ownership of interest in property (19 NYCRR §175.6)
6 DOS 93 Matter of Cornell Associates Realty - failure to make clear (19 NYCRR §175.7) in simultaneous/dependent transactions
Opinion Letter 92-49 (Shirani B. Ponnambalam) - broker offer services to facilitate mortgage prepayment; must ensure full disclosure and informed consent
Opinion Letter 93-1 (Marilyn H. Kaye) - reviews form letters and notices regarding who broker represents (19 NYCRR §175.7)
Opinion Letter 93-2 (Charles Caputo) - disclose referral fees and material facts regarding reference to home repair/improvement contractors; fulfill pre-existing fiduciary relationship
48 DOS 93 Matter of DOS v. Chetiara Realty [Bonar] - pleading amended to conform to proof; commission must be relevant to and represent charges for some legitimate services; no proof of relationship to tenant or retainage of unearned commission; no proof of failure to disclose (no live testimony of consumer)
Opinion Letter June 8, 1995 (E. Adam Leyens) - Referred fees to broker from home building, home remodeling and home inspections business can be offered where such incentives are disclosed to clients and customers and clients or customers are under no obligation to use such services. Such program can be offered to brokers only and not to associate brokers or sales persons under RPL §442-a
Opinion Letter August 18, 1995 (George Heeley) - RPL §443 disclosure at open houses; seller's agent does not have to present a disclosure form to every person who attends an open house where no "substantive contact" has been made (broker greeting people, showing them the house, providing general information and answering questions about the property). "Substantive contact" occurs should buyer express serious interest in discussing the terms of an offer or where seller's agent helping buyer identify suitable property
CRC #96-3335 Matter of DOS v. Gitlin, Consent Order -- failure to provide agency disclosure pursuant to RPL §443; $750 fine and restitution in the amount of $2,030.21 plus interest
CRC #97-2534 Matter of DOS v. Fornario, Consent Order -- broker failed to obtain duly executed acknowledgments of prospective buyers and/or sellers to real estate agency agreement disclosure forms in five transactions; $500 fine
CRC #98-0065 Matter of DOS v. Goldman, Consent Order -- broker failed to provide statutorily required agency disclosure form; $500 fine, in the event fine is not timely paid, license suspended until fine paid plus 60 days
79 DOS 99 Matter of DOS v. Pagano - disclosure of agency relationships; failure to appear at hearing; proper business practices; unauthorized practice of law; unearned commissions; vicarious liability; fraudulent practice; jurisdiction; ex parte hearing may proceed upon proof of proper service; DOS has jurisdiction after expiration of respondents’ licenses as acts of misconduct occurred and the proceedings were commenced while the respondents were licensed; licensee fails to timely provide seller client with agency disclosure form prior to entering into listing agreement and fails to timely provide agency disclosure form to buyer upon first substantive contact; broker fails to make it clear for which party he is acting; broker violates 19 NYCRR 175.24 by using exclusive right to sell listing agreement without mandatory definitions of “exclusive right to sell” and “exclusive agency”; broker
breaches fiduciary duties to seller clients by misleading them as to buyer’s ability to financially consummate the transaction; broker breaches his fiduciary duty to seller by referring seller to the attorney who represented the buyers when he knew or should have known such attorney could not properly protect seller’s interests; improper for broker to use listing agreements providing for broker to retain one half of any deposit if forfeited by buyer as such forfeiture clause could, by its terms, allow broker to retain part of the deposit when broker did not earn a commission; broker must conduct business under name as it appears on license; broker engaged in the unauthorized practice of law in preparing contracts for purchase and sale of real estate which did not contain a clause making it subject to the approval of the parties’ attorneys and were not a form recommended by a joint bar/real estate board committee; broker demonstrated untrustworthiness and incompetency in using sales contract which purported to change the terms of the listing agreement to include a higher commission; broker demonstrated untrustworthiness and incompetency in using contracts of sale which were unclear, ambiguous, vague and incomplete; broker failed to amend purchase agreement to reflect amendment to increase deposit amount; broker demonstrated untrustworthiness in back-dating purchase agreements; broker demonstrated untrustworthiness in participating in scheme to have seller hold undisclosed second mortgage and to mislead first mortgagee about the purchaser’s financial ability to purchase; broker demonstrated untrustworthiness by claiming unearned commission and filing affidavit of entitlement for unearned commission; DOS fails to establish by substantial evidence that respondent acted as undisclosed dual agent; corporate broker bound by the knowledge acquired by and is responsible for acts committed by its licensees within the actual or apparent scope of their authority; corporate and individual brokers’ licenses revoked, no action taken on application for renewal until proof of payment of sum of $2,000.00 plus interests for deposits unlawfully retained
CRC #99-0704 Matter of DOS v. Singh, Consent Order - failure to provide written agency disclosure form pursuant to RPL §443; $500.00 fine and restitution in the amount of $2,037.00
375 DOS 00 Matter of DOS v. Gorr – disclosure of agency relationship; unearned commissions; agency disclosure pursuant to RPL §443 applies to the listing of farm property upon which there is a 1 to 4 family residential dwelling (farm included two 2 family houses and 1 single family house); failure to make it clear for which party broker is acting; broker may act concurrently as an agent and as a principal in a transaction on disclosing all relevant facts fully and completely to her principal; broker failed to disclose to seller client that she was a 50% shareholder in the corporate purchaser and was an undisclosed principal; claiming an unearned commission is a demonstration of untrustworthiness; license revoked
393 DOS 00 Matter of DOS v. Finley - disclosure of agency relationships; unauthorized practice of law; failure to provide agency disclosure form to seller client prior to entering into listing agreement and failure to provide to buyer prior to first substantive contact; RPL §443 applies to sale of working dairy farm which includes single family residence; once DOS establishes that broker prepared purchase contract, burden of proof shifts to broker to show that contract was prepared using a properly devised form; broker fails to meet its burden to establish that sales contract met the requirements of Duncan & Hill; broker engaged in the unauthorized practice of law for giving legal advice orally
590 DOS 00 DOS v. Fletcher - disclosure of agency relationship; broker fails to provide agency disclosure form to either prospective tenant or owner (broker represented both potential tenant and owner in negotiation of rental terms); conduct by broker that has the effect of violating or that encourages violation of local zoning and occupancy regulations is a demonstration of untrustworthiness and incompetency, however, DOS fails to establish either that the broker knew of or had a duty to inquire about the illegality of the apartment rented; $1,000.00 fine
597 DOS 00 DOS v. Chintomby - disclosure of agency relationship; unlicensed activity; salesperson failed to provide agency disclosure form; sales agent engaged in regulated real estate transaction at time he was not licensed; oral agency employment created without a defined term is an employment at will terminable on proper notice at any time prior to the completion of the agency purpose; salesperson’s attempt to list property without seller’s knowledge, consent or ratification was invalid initially; salesperson’s termination of association with broker resulted in a termination of the agency relationship between the salesperson and clients of the broker; 19 NYCRR 175.12, which requires a real estate broker to deliver a duplicate original of any document to any executing party where the document has been prepared by or under the supervision of the broker and where the document relates to a regulated real estate transaction in which the broker might participate as a broker, is not applicable to salespersons; salesperson engaged in fraudulent business practice; salesperson’s license revoked
CRC #99-1010 Matter of DOS v. Caminiti, Consent Order - disclosure of agency relationships; unlicensed activity; broker employed an unlicensed person and failed to provide written agency disclosure pursuant to RPL §443 in three separate transactions; $3,000.00 fine
CRC #00-0429 Matter of DOS v. Greene (Gryanviski, Ltd.), Consent Order - disclosure of agency relationships; broker failed to provide written agency disclosure pursuant to RPL §443; $500.00 fine
845 DOS 03 DOS v. Delia - disclosure of agency relationships; failure to cooperate with DOS investigation; failure to pay judgment; restitution; broker accepts deposits in two rental transactions and fails to refund deposits when prospective tenants fail to obtain lease with landlord; broker breaches fiduciary duty to tenant/client when he falsely tells tenant/client that he owns house to be rented; broker fails to pay judgment; broker lies to DOS’s investigator thereby breaching his duty to cooperate with DOS investigation; broker may be ordered to return monies he is not entitled to, including monies that have been transferred by the broker to a third party; broker ordered to refund deposits in the amount $1,600.00 and $1,300.00; as broker’s license lapsed and was not renewed, future application shall be acted upon as if broker’s license had been revoked effective as of date of decision
588 DOS 05 DOS v. Aharonov - disclosure of agency relationships; unlicensed activity; DOS fails its burden of proof; salesperson obtains two listings for residential premises at the time salesperson was not licensed; as salesperson was unlicensed, DOS fails to prove that salesperson failed to comply with RPL § 443 for failing to provide agency disclosure notice; salesperson’s license revoked
517 DOS 06 DOS v. Holt- disclosure of agency relationships; salesperson failed to provide buyer with agency disclosure form and did not otherwise disclose to him who she represented; salesperson failed to advise buyer of minimum seller requirements in purchase of co-op apartment even though she was aware of same; salesperson failed to deal honestly with buyer by failing to disclose minimum seller requirements causing buyer to suffer pecuniary losses in making mortgage application and paying retainer to his attorney; salesperson’s license suspended for one year
874 DOS 06 Matter of Li- prior misconduct; disclosure of agency relationships; applicant applied for renewal of her license as a real estate salesperson for license which had expired one year prior thereto; DOS notified applicant that it proposed to deny the application because of facts and circumstances attendant to a prior investigation; salesperson demonstrated gross untrustworthiness when she took possession of a commission check due to her prior broker, failed to deliver the check to the prior broker, lied to the broker about the status of the transaction and subsequently tried to extort a higher share of the commission than that to which she was entitled; salesperson’s conduct is not excused or mitigated by her claim that she misplaced the check since she should have brought the check directly to her former broker as soon as she received it; salesperson prepared agency relationship disclosure form which she presented to the buyer but failed to indicated in the appropriate space whether she and her broker were representing the seller or the buyer; application for renewal of her license as a real estate salesperson denied
1256 DOS 08 Matter of Saransky – salesperson; failure to obtain RPL 443 disclosure; failure to pay $750 fine per “plea form;” fine of $1,500 by deadline or suspension for 3 months after pay fine
88 DOS 09 Matter of Mekawy – salesperson; unlicensed name; agency disclosure; $500 fine
91 DOS 09 Matter of ERA Big Apple REALTORS – broker; predatory lending transaction; undisclosed dual agency; breach of fiduciary duties; pressured to pay fee to mortgage broker; revocation of agent; 3-month suspension of broker
444 DOS 09 Matter of Lewis – failure to provide agency disclosure; failure to cooperate with DOS; $2,000 fine
675 DOS 09 Matter of Goldberg – breach of fiduciary duty; incorrect agency disclosure; fraud; provide false information to DOS; 3-month suspension and refund $10,475 plus interest