Representing Your Licensee Sample Clauses

Representing Your Licensee. Attorneys advising real estate brokers should be mindful of the view of the Minnesota Department of Commerce with respect to sloppy drafting. Consider this enforcement action quoted from In the Matter of the Real Estate Broker’s License of ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, MN DOC File #35416/CDL: (The broker) has an established pattern of incomplete documentation and inadequate and insufficient preparation of documents to clearly identify the specific terms and obligations of the parties. Specifically: (a) Type of Financing - not specified in contracts; (b) Financing Contingency - terms upon providing evidence ambiguous and unclear;