Online Termination And Transfer Of Broker Supervision Step-by-Step User .

1y ago
20 Views
2 Downloads
1.01 MB
9 Pages
Last View : 19d ago
Last Download : 3m ago
Upload by : Luis Waller
Transcription

Online Termination and Transferof Broker SupervisionStep-by-Step User GuideChoose the option that applies to you for detailed instructions: Supervising Broker Salesperson/Associate Broker with Current Supervisor Salesperson/Associate Broker without Current Supervisor

Supervising BrokersBrokers who want to discontinue supervision of a currently supervised licensee or want to accept/reject a request from a salesperson/associate broker to become their supervisor can complete theprocess in their MyLREC Portal.Please note that brokers cannot initiate supervision of a new licensee. This must be done by thelicensee in their MyLREC Portal using the process outlined in this guide.After logging in, supervising brokers should select the “Supervised Licenses” tab from the sidebaroptions.Brokers will see each individual licensee that they supervise listed. In order to begin the terminationprocess, brokers should choose “Terminate Supervision” from the Manage column for the individualthey no longer wish to supervise.

After clicking “Terminate Supervision,” brokers will be directed to a form to fill out to completethe termination of the selected licensee.Brokers should ensure that the correct licensee is listed on the form before completing thetermination.Terminations are effective immediately. Both the requesting broker and the terminatedlicensee will receive emails confirming that the supervision relationship has been terminated.When a broker receives a request from a salesperson/associate broker to become their supervisor,the broker can accept or reject the request in their MyLREC Portal.After logging in, supervising brokers should select the “Supervised Licenses” tab from the sidebaroptions.Brokers will see any requests at the top of the “Manage” column. Clicking “Process Request” willtake the broker to a form where they can accept or reject the request. If the salesperson/associatebroker seeking supervision indicated that the broker will pay for their E&O Insurance, the brokerwill need to provide policy information on this form.

Salesperson/Associate Broker with Current SupervisorSalespersons/associate brokers who want to discontinue their relationship with their currentsupervising broker and/or transfer to a new supervising broker can complete the process in theirMyLREC Portal.After logging in, the salesperson/associate broker should select either the “License MaintenanceForms” or the “Supervisor” tab from the sidebar options.The salesperson/associate broker will see options for two forms in their sidebar.If the salesperson/associate broker knows who their new supervising broker will be, they shouldchoose the “Terminate and Transfer Supervision” form.This form allows a salesperson/associate broker to terminate their current supervision, indicate whothey will be supervised by going forward, pay the transfer fee, and indicate what Errors & OmissionsCoverage they will use.It is the responsibility of the salesperson/associate broker to input the correct name and license numberfor their new supervising broker. The salesperson/associate broker can contact the broker who will besupervising them to get the correct information if they are unsure of what to use. Inputting incorrectinformation will result in a delay in the transfer process.

The termination of the current supervision relationship will occur immediately upon submission ofthe form. Both the requesting salesperson/associate broker and the previous supervising broker willreceive emails confirming that the supervision relationship has been terminated.An email will also be sent to both the requesting salesperson/associate broker and the broker theyhave indicated will become their supervisor. The requested broker will have to complete the approvalprocess in their MyLREC Portal. Please note that transfers cannot be processed on the same day asterminations. While the termination will take place immediately, the transfer will not take place untilthe following calendar day, even if the broker immediately approves the request.The salesperson/associate broker’s license status will be changed to “Inoperable” until their transferhas been finalized. The salesperson/associate broker is responsible for checking their status beforepracticing real estate. The status can be found on their MyLREC Portal and will change from“Inoperable” to “Active” once the transfer is completed.

The salesperson/associate broker can also check the status of their supervision by selecting the“Supervisor” tab in their MyLREC Portal. Here, they will either see the requested broker listed astheir current supervisor or the message “Supervision is pending acceptance by the broker.”Salespersons/associate brokers who want to discontinue their relationship with their currentsupervising broker but have not found a new supervisor can complete the termination process intheir MyLREC Portal.These salespersons should select the “Termination of Supervision” form.Upon completing the form, the termination is effective immediately. Both the requestingsalesperson and the previous supervising broker will receive emails confirming that the supervisionrelationship has been terminated.

The salesperson/associate broker’s license status will be changed to “Inoperable” and they cannotpractice real estate until they have a new supervising broker.Salesperson/Associate Broker without Current SupervisorSalespersons/associate brokers who do not currently have a supervising broker can select a newsupervisor in their MyLREC Portal.After logging in, the salesperson/associate broker should select either the “License MaintenanceForms” or the “Supervisor” tab from the sidebar options.

The salesperson/associate broker should select the “Select New Supervising Broker” form fromthe sidebar options.This form allows the salesperson/associate broker to indicate who they will be supervised by goingforward, pay the transfer fee (if applicable), and select what Errors & Omissions Coverage they willuse.It is the responsibility of the salesperson/associate broker to input the correct name and license numberfor their new supervising broker. The salesperson/associate broker can contact the broker who will besupervising them to get the correct information if they are unsure of what to use. Inputing incorrectinformation will result in a processing delay.Upon completion of the form, an email will be sent to both the requesting salesperson/associatebroker and the broker they have indicated will become their supervisor. The requested broker willhave to complete the approval process in their MyLREC Portal.

The salesperson/associate broker’s license status will remain “Inoperable” until their supervisionhas been finalized. The salesperson/associate broker is responsible for checking their status beforepracticing real estate. The status can be found on their MyLREC Portal and will change from“Inoperable” to “Active” once the transfer is completed.It is the responsibility of the salesperson/associate broker to input the correct name and licensenumber for their new supervising broker. The salesperson/associate broker can contact the brokerwho will be supervising them to get the correct information if they are unsure of what to use.Inputing incorrect information will result in a delay in the transfer process.The salesperson/associate broker can also check the status of their supervision by selecting the“Supervisor” tab in their MyLREC Portal. Here, they will either see the requested broker listedas their current supervisor or the message “Supervision is pending acceptance by the broker.”

The salesperson/associate broker will see options for two forms in their sidebar. If the salesperson/associate broker knows who their new supervising broker will be, they should choose the "Terminate and Transfer Supervision" form. This form allows a salesperson/associate broker to terminate their current supervision, indicate who

Related Documents:

Fiber optic termination - ModLink plug and play fiber optic solution 42 Fiber optic termination - direct field termination 42 Fiber optic termination - direct field termination: Xpress G2 OM3-LC connector example 43 Cleaning a fiber optic 45 Field testers and testing - fiber optic 48 TSB-4979 / Encircled Flux (EF) conditions for multimode fiber .

59. Notice of sale of residential premises by landlord 60. Recognition of certain persons as tenants 61. Death of co-tenant Part 8 Termination of Residential Tenancy Agreements Division 1 -General 62. Circumstances of termination of residential tenancies 63. Termination notices 64. Termination Orders 65. Withdrawal of termination notices 66.

TABLE OF CONTENTS Foreword iii Acknowledgements v INTRODUCTION 1 Termination of Employment Convention, 1982 (No. 158) 1 Termination of Employment Recommendation, 1982 (No. 166) 2 Caribbean Community Model Law on Termination of Employment 3 Status of Legislation on Termination of Employment in the Caribbean 4 Objective of the Digest 4

ebay,4life transfer factor eczema,4life transfer factor effectiveness,4life transfer factor en el salvador,4life transfer factor en espanol,4life transfer factor en español,4life transfer factor energy go stix,4life transfer factor enummi,4life transfer factor 4life transfer factor equine,4li

new termination shock and the velocity (V2) of the rarefac-tion wave or weak second shock that propagates down-stream after the interaction of an interplanetary shock with the termination shock. Consider a frame of reference A0 in which the initial termination shock S0 is static. We treat the plasma as an ideal gas whose ratio of specific heats .

8 PPP Policy Note: Early termination of contracts the cost of contract termination plus the present value of the cost of future delivery of an equivalent or modified service. 3.7 Future PFI unitary charge payments: The value for money analysis should include all forecast costs that would be assumed to occur if there was no termination by the Authority.

Backbone termination at the top of the mast In-Line termination resistors are used Must be within 6 meters of last device Some manufacturers have a built-in termination resistors on cables 6 meters In-Line Termination Resistor Location Mast backbone cable shown in orange for illustration purposes only.

Outsulation Plus MD System details shown . for clarity. Additional information is available at: www.dryvit.com. Grade . Termination Termination at. Concrete Curb Termination at. Roof Stop Flashing Horizontal Joint . Substrate Change Vertical Expansion Joint Flush Option. Termination at AD