AgentTechnology

Faira charged with operating as unlicensed brokerage by regulator

Startup maintains that it follows all applicable state licensing laws
Published on Nov 29, 2016
  • Faira, an FSBO startup, has been charged with operating as an unlicensed brokerage by a Washington state regulator.
  • The regulator has threatened to send a cease-and-desist order to Faira for alleged activities such as holding funds in connection with a transaction.
  • Faira maintains that it follows all applicable licensing laws, noting that it holds a broker's license through a subsidiary.

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

The Washington State Department of Licensing has notified Kirkland, Washington-based FSBO startup Faira that the agency planned to serve the company with a cease-and-desist letter for conducting certain activities without a broker’s license, including negotiating funds in connection with transactions ...

Comments