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· This rule addresses the causes of what CFPB Director Richard Cordray said was one of the reasons for the collapse of the mortgage industry, the steering of consumers to high-priced loans.
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Real Estate Sales Associate: A Sales Associate is a licensee who has attended a 63 Hour Sales Associate Pre-Licensing Course, applied to the state and paid licensing and background check fees and passed the Sales Associate state licensing examination. Also, a sales associate must register his/her license to a Florida licensed Real Estate Broker.
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Every real estate transaction presents potential legal pitfalls. Buyers and sellers may bring suits against their brokers or agents, based on both statutory and common law, for a variety of reasons, including misrepresentation or nondisclosure of property conditions, breach of fiduciary duty, and unlawful discrimination, to name a few.
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