License holders must make certain that buyers purchase title insurance. The Real Estate License Act authorizes a license holder to disclose the information. D) Immediately after the sale, Margaret Hobbs, president of Dover & Roe, changes her recommendation for First of New Yorks common stock from sell to buy and adds First of New Yorks commercial paper to Dover & Roes approved list for purchase. [Change in] Accounts payable and accrued expenses. True lists the requirements for a dual agency agreement, including informing clients of the potential for a conflict of interest14. Before a time of property disclosure statements, homeowners had little to safeguard them from the potential risks that come with purchasing a property. To be effective, disclosures must be prominent and must be made in plain language and in a manner designed to effectively communicate the information. Study with Quizlet and memorize flashcards containing terms like An agent is one who: A. acts, or has the power to act, for another. C. is represented by another. Should a license holder disclose information about sex offenders in the neighborhood of a listed residential property? C) There are two basic, required real estate disclosures: the agency disclosure and the sellers disclosure. What is the duty of a license holder regarding the disclosure of the fact that an occupant of the property died of AIDS? Service providers (and their affiliates or subcontractors) providing brokerage or consulting services to ERISA-governed group health plans are subject to the new disclosure requirements if they reasonably expect to receive at least $1,000 in direct or indirect compensation for those services. B) Texas law requires real estate agents to investigate information about sex offenders and disclose such information to potential buyers. Payments to acquire property and equipment. Whether such a law supersedes Rule 1.6 is a question of law beyond the scope of these Rules. For example, many employers restrict personal trading, outside board membership, and related activities to prevent situations that might not normally be considered problematic from a conflict-of-interest point of view but that could give the appearance of a conflict of interest. Betty Roberts is speculating in penny stocks for her own account and purchases 100,000 shares of Drew Mining, Inc., for US$0.30 a share. To Disclose or Not to Disclose? Required Real Estate Disclosures: The
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