Asked by: Piedrasanta Pontonesbusiness and finance bankruptcy
Which settlement procedure involves a negotiated settlement between the disputing parties?
Last Updated: 28th April, 2020
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Subsequently, one may also ask, what is the maximum finder's fee that may be paid in the form of a credit toward rent paid to the tenant for referring a person to the management company if that person later becomes a tenant of the complex?
The answer is $50.
wHO issues a recommended order? The administrative law judge prepares a Recommended Order, with the original delivered to the Division of Administrative Hearing and copies served to the parties. The order is based on findings of fact and rulings of law. Each party is allowed 15 days to file exceptions to the hearing officer's order.
Consequently, what amount of a broker's own personal funds may the broker place in the property management escrow account?
A broker may place and maintain up to $5,000 of personal or brokerage funds per each property management escrow account. Personal or brokerage funds in any escrow account shall not exceed $5,000 per account.
What action should a broker take if a commission dispute arises prior to closing?
(a) Retain the entire amount of escrowed funds until the dispute is resolved. (b) Withdraw the amount of the commission from the escrow account.