What violations might result in disciplinary actions against a home builder/remodeler?
Prohibited activities under the Act might result in sanctions against a builder’s certificate of registration and/or monetary penalties. Prohibited activities include the following: • Fraud or deceit in obtaining a registration; • Misappropriation or misapplication of trust funds; • Naming false consideration in a home sale contract or construction contract; • Discriminating on the basis of race, color, religion, sex, national origin or ancestry; • Publishing a false or misleading advertisement; • Failing to honor a payment issued to the commission subsequent to the commission sending a request by certified mail for payment to the last and best address for the applicant or registrant; • Failing to pay an administrative penalty assessed by the commission; • Failing to pay a final non-appealable judgment arising from a construction defect or other transaction between the builder or subcontractor and the homeowner; • Failing to register a home in accordance with the Act; • Failing to remi
- Are there any home preparation literature or drawings available to provide the builder/remodeler with requirements before and after installation?
- What are the most common FINRA rule violations alleged against brokers or brokerage firms in disciplinary actions initiated by FINRA?
- What violations might result in disciplinary actions against a home builder/remodeler?