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25. Salesperson Sponsorship by Broker

119 DOS 93 Matter of DOS v. Vatier - application for salesperson's license must be sponsored by a broker; when broker withdraws sponsorship, application is fatally defective

141 DOS 93 Matter of DOS v. Pozzanghera - salesperson can't own voting stock or be officer of licensed corporation (175.22); separate escrow account required (175.1); unlicensed name; illegal to claim or retain commission for services while not properly licensed; failure to pay judgment; failure to file termination of associate card; representative broker liable for illegal ads; revocation of broker's license discontinues salesperson's association per RPL §441-d

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Fourth quarter Legal Lines now available

The fourth quarter 2018 edition of NYSAR’s Legal Lines is now available online at NYSAR.com. This edition covers brokers not responsible for an error on a listing, a landlord offering alternative accommodations did not violate the Fair Housing Act, Supreme Court finds a brokerage entitled to commission under an agreement and more. Learn more

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