Question

a broker lears that a neighbor might be selling their house and proceeds to secure proerntial buyers without the knowledge and consent of the owner. would the brokers action be in violation of the license law?

Answer 1

A real estate broker securing potential buyers for a property without the owner's consent could be in violation of real estate license law, as brokers typically need a listing agreement before marketing a property.

Step-by-step explanation:

The actions of a real estate broker who secures potential buyers for a property without the owner's knowledge or consent could potentially be in violation of real estate license law. In many jurisdictions, real estate agents and brokers are required to have a contractual agreement, often in the form of a listing agreement, with the property owner before they engage in any actions to sell or market the property.

This includes soliciting potential buyers. Engaging in such activities without consent may lead to legal consequences and disciplinary action from the real estate licensing board.

Whether the broker's actions violate specific license laws would depend on the regulations set forth in the jurisdiction where the property is located. Generally, this behavior would be considered unethical and against the standards of professional conduct that govern the activities of licensed real estate professionals.