Citable Offenses and Schedule of Fines |
| Applicable Article and Standard
of Practice | Fine | Fine | Fine |
| | (1st Offense) | (2nd Offense) | (3rd Offense) |
| Article
1 |
| Failure to fully disclose and obtain consent from both parties when representing both the seller/landlord and buyer/tenant in the same transaction | Article 1, support by Standard
of Practice 1-5 | $500.00 and class titled "The Shades
of
Grey in Real Estate" | $1,200.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure
to submit offers and counter-offers objectively and as quickly as possible | Article 1, support by Standard
of Practice 1-6 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure to advise sellers/landlords of information specified in Standard of Practice 1-12 prior to entering into a listing contract | Article 1, support by Standard
of Practice 1-12 | $500.00 and class titled
"The Shades of Grey in Real Estate" | $1,250.00 and class titled
tles
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure to advise buyers/tenants of information specified in Standard of Practice 1-13 prior to entering into a buyer/tenant agreement | Article 1, support by Standard
of Practice 1-13 | $500.00 and class titled
"The Shades of Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Accessing or using, or allowing others to access or use, a property managed or listed on terms other than those authorized by the owner or seller | Article 1, support by Standard
of Practice 1-16 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Article
3 |
| Failure to communicate a change in compensation for cooperative services prior to the time that REALTOR® submits an offer to purchase/lease the property | Article 3, support by Standard
of Practice 3-2 | $750.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $1,500.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $2,250.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" |
| As a listing broker, attempting to unilaterally modify the offered compensation with respect to a cooperative transaction after a REALTOR® has submitted an offer to purchase or lease that property | Article 3, support by Standard
of Practice 3-2 | $750.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $1,500.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $2,250.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" |
| Failing to disclose existence of accepted offers, including offers with unresolved contingencies, to cooperating brokers | Article 3, support by Standard
of Practice 3-6 | $750.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $1,500.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $2,250.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" |
| Misrepresenting the availability of access to show or inspect a listed property | Article 3, support by Standard
of Practice 3-8 | $750.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $1,500.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $2,250.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" |
| Providing access to listed property on terms other than those established by the owner or the listing broker | Article 3, support by Standard
of Practice 3-9 | $750.00 and class titled "Buyer, Brokerage & Ethics…The Right Choices" | $1,500.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" | $2,250.00 and class titled
"Buyer, Brokerage & Ethics…The Right Choices" |
| Article
4 |
| Failing to disclose REALTOR®’s ownership or other interest in writing to the purchaser or their representative | Article 4 (second sentence) | $500.00 and class titled
"Don't You Wish You Hadn't Done That?" | $1,250.00 and class titled
"Don't You Wish You Hadn't Done That?" | $2,000.00 and class titled
"Don't You Wish You Hadn't Done That?" |
| Article
5 |
| Providing professional services without disclosing REALTOR®’s present interest in property | Article 5 (limit to
present
interest, not contemplated) | $500.00 and class titled
"Don't You Wish You Hadn't Done That?" | $1,250.00 and class titled
"Don't You Wish You Hadn't Done That?" | $2,000.00 and class titled
"Don't You Wish You Hadn't Done That?" |
| Article
6 |
| Accepting any commission, rebate, or profit on expenditures without client’s knowledge or consent | Article 6
(first paragraph) | $750.00 and class titled
"Don't You Wish You Hadn't Done That?" | $1,500.00 and class titled
"Don't You Wish You Hadn't Done That?" | $2,250.00 and class titled
"Don't You Wish You Hadn't Done That?" |
| Failure
to disclose to a client or customer REALTOR®’s financial benefits or fees received as a direct result of recommending real estate products or services | Article 6
(second paragraph) | $750.00 and class titled
"Don't You Wish You Hadn't Done That?" | $1,500.00 and class titled
"Don't You Wish You Hadn't Done That?" | $2,250.00 and class titled
"Don't You Wish You Hadn't Done That?" |
| Failure to disclose REALTOR®’s direct interest in an organization or business entity when recommending to a client or customer that they use the services of that organization or business entity | Article 6, support by Standard
of Practice 6-1 | $750.00 and class titled
"Don't You Wish You Hadn't Done That?" | $1,500.00 and class titled
"Don't You Wish You Hadn't Done That?" | $2,250.00 and class titled
"Don't You Wish You Hadn't Done That?" |
| Artitcle
12 |
| Failing to present a true picture in real estate communications and advertising | Article 12 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Failing to disclose status as real estate professional in advertising and other representations | Article 12 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure to provide all terms governing availability of a “free” product or service in an advertisement or other representation | Article 12, support
by
Standard of Practice 12-1 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure to disclose potential to obtain a benefit from third party when REALTOR® represents their services as “free” or without cost | Article 12, support
by
Standard of Practice 12-2 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Advertising property for sale/lease without authority of owner or listing broker | Article 12, support
by
Standard of Practice 12-4 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Failing to disclose name of firm in advertisement for listed property | Article 12, support
by
Standard of Practice 12-5 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Failing to disclose status as both owner/landlord and REALTOR® or licensee when advertising property in which REALTOR® has ownership interest | Article 12, support
by
Standard of Practice 12-6 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Falsely
claiming to have “sold” property | Article 12, support
by
Standard of Practice 12-7 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure
to take corrective action when it becomes apparent that information on on a
REALTOR®’s website is no longer current or accurate | Article 12, support
by second
sentence of Standard of Practice 12-8 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Failure to disclose firm name and state of licensure on REALTOR® firm website | Article 12, support
by
Standard of Practice 12-9 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Misleading consumers through deceptive framing, manipulating content, deceptively diverting internet traffic, or presenting other’s content without attribution or permission | Article 12, support
by
Standard of Practice 12-10 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Registering or using of deceptive URL or domain name | Article 12, support
by
Standard of Practice 12-12 | $750.00 and class titled
"The Shades of Grey in Real Estate" | $1,500.00 and class titled
"The Shades of Grey in Real Estate" | $2,250.00 and class titled
"The Shades of Grey in Real Estate" |
| Representing that the REALTOR® has a designation, certification, or other credential they are not entitled to use | Article 12, support
by
Standard of Practice 12-13 | $500.00 and class titled "The Shades of
Grey in Real Estate" | $1,250.00 and class titled
"The Shades of Grey in Real Estate" | $2,000.00 and class titled
"The Shades of Grey in Real Estate" |
| Article
16 |
| Placing for sale/lease sign on property without permission of seller/landlord | Article 16, support
by
Standard of Practice 16-19 | $500.00 and class titled "Who Do
You
Really Work For...The Buyer?" | $1,250.00 and class titled
"Who Do You Really Work For…The Buyer?" | $2,000.00 and class titled
"Who Do You Really Work For…The Buyer?" |