LIEB BLOG

Legal Analysts

Thursday, March 07, 2013

Do I have to pay my unlicensed plumber?

It depends where your pipes are clogged.

In Manhattan and the Bronx you have to pay.

In Brooklyn, Queens, Staten Island, Long Island, as well as Dutchess, Orange, Putnam, Rockland and Westchester Counties you don't have to pay.

We live in a crazy world, don't we?

Wednesday, March 06, 2013

Title Waves - Advanced Payoff Authorization Sample

At our class last evening in East Hampton, Title Waves, our sponsor, Aquebogue Abstract Corp. offered to provide the students with a sample authorization for mortgage payoff figures. As Ken Zahler from Aquebogue Abstract explained, having advance authority can expedite the closing by way of avoiding waiting for the payoff figures from all outstanding loans while everyone is prepared to close. 

Ken's contact information is on the form should our students wish to reach out to him with further questions about his company or title insurance, in general. 



Wednesday, February 27, 2013

Is My Broker Required to Release My License?

Yes and the broker must do so immediately says the Department of State in Department of State v. Gill, Vassel and Heritage Realty, Inc. at 2283 DOS 07 where it was held that: "The failure to make such a filing until some one or two months after the termination of association with their brokerage, Respondents Vassel and Heritage violated RPL §442-b, and demonstrated incompetency. DLS v James, 10 DOS 93."

Specifically, the Department of State referred to Real Property Law 442-b when it made its decision. The statute states:


Discontinuance or change of salesperson’s association; report: When the association of any real estate salesperson shall have been terminated for any reason whatsoever, his broker shall forthwith notify the Department of State thereof in such manner as the department shall prescribe. Where change of such salesperson’s association is the basis for such termination, the salesperson’s successor broker shall forthwith notify the department of such change in such manner as the department shall

Therefore, the broker has the duty to release a license forthwith.

To learn more about brokerage statutes and regulations in NY and how the actually effect your life and livelihood  register for Lieb School today.