Description: This 2 CE session will provide the latest information for New York licensed brokers, managers, and agents. NYSAR’s Legal Counsel, Anthony Gatto, Esq., will cover a wide array of legal issues including legal obligations of the licensee and an in-depth look at agency as well as other issues critical to reducing risk in your real estate practice.
Member Cost: $0 UNLESS you do NOT show for your reserved spot and then there will be a billing of $10
Call your GBAR Association to reserve your spot at 729-6285. We expect this session to be VERY popular!
Objectives
Upon completion, participants will be able to:
• List and discuss the legal obligations of a real estate licensee including license law, regulations, common law of agency, and tort law. • Discuss the principles of agency, how it is established and what the fiduciary duties entail. • List the types of agency options a licensee may engage in and explain the duties and applications of each. • List and explain the penalties for breach of fiduciary duty. • Define, contrast and compare express agency and implied agency. • Describe the regulatory and statutory requirements for licensees as they pertain to agency and agency disclosure. • Define a real estate “team” and discuss what a team may and may not do under law. • Distinguish between agency relationships a team can and cannot enter into. • Discuss why only a broker can be responsible for their branch offices and agreements. • List the tasks that an unlicensed personal assistant may and may not do under NYS License Law. • Outline NYS and Federal Laws pertaining to the advertising of real property including sign contents, property descriptions, licensees, license types, and the use of nicknames, team names and logos. • Describe state and federal regulations as they pertain to print advertising as well as Internet-based advertising and social media. • List what information should be included on a business card, sign and advertisement. • Discuss the issues associated with advertising the listing of another broker.
