Real estate brokers have a statutory obligation to keep client information confidential. Failing to do so is a violation of New York Property Law and can lead to license forfeiture.
A broker with the commercial brokerage Grubb & Ellis was accused in a complaint to the state Division of Licensing Services this month with having acted “in an untrustworthy and incompetent manner by reason of his unauthorized disclosure of client information.”
After wrestling with myself, I have decided to withhold his name (though it is a matter of public record), so let’s call him Mason Leicester.
The 45-page complaint alleges that Leicester (more…)
Like this:
Like Loading...
The High Road: Broker allegedly breaches clients’ trust
January 27, 2011A broker with the commercial brokerage Grubb & Ellis was accused in a complaint to the state Division of Licensing Services this month with having acted “in an untrustworthy and incompetent manner by reason of his unauthorized disclosure of client information.”
After wrestling with myself, I have decided to withhold his name (though it is a matter of public record), so let’s call him Mason Leicester.
The 45-page complaint alleges that Leicester (more…)
Share this:
Like this:
Tags:Division of Licensing Services, Fiduciary duty, Grubb & Ellis, James S. Fenton, Jesse Strauss, Joshua Olshin, Kurzon Strauss, New York Real Estate, Queens, Real Estate Weekly, Tranzon, Wall Street Journal
Posted in Brokers, Commentary, New York City, News, Queens, Real Estate, The High Road | Leave a Comment »