DPL Secures Surrender of Real Estate Broker License of Michael D. Scott
BOSTON – April 10, 2012 – The Division of Professional Licensure announced today that Michael D. Scott, who is facing felony charges in U.S. District Court, has surrendered his real estate broker license to the Board of Registration of Real Estate Brokers and Salespersons ("Board").
Scott agreed to surrender any and all licenses issued by the Board as well as his right to renew any licenses. He also agreed to never apply to the Board for licensure of any kind. Scott must transfer any and all funds under his possession, custody or control in his capacity as a real estate broker to a Boston area law firm by 5 p.m. today as well as notify by certified mail all parties he represents as a broker that he has surrendered his license to the Board and can no longer represent the party as a licensed broker.
Scott must also transition all pending real estate matters to other licensed brokers no later than 5 p.m. on April 13, 2012.
Licensed real estate brokers and salespersons assist consumers wishing to purchase, sell, lease, or exchange real property. The Board of Registration of Real Estate Brokers and Salespersons licenses only those candidates who meet the statutory and regulatory requirements for real estate brokers and salespersons.
The Board regulates real estate schools and agent curriculum, and contracts with a testing vendor to provide the agent examination. The Board also seeks to protect consumers by exercising its authority to discipline those real estate agents who violate licensing laws and regulations. The Board currently licenses approximately 71,998 individuals and businesses in the real estate profession.
Consumers are urged to visit the Division of Professional Licensure’s web site at www.mass.gov/dpl and select the "Check a Professional’s License" link to determine whether a professional with whom they may do business is licensed and in good standing.
The Division of Professional Licensure is a regulatory agency within the Office of Consumer Affairs and Business Regulation. The agency is responsible for ensuring regulatory compliance and the integrity of the licensing process for approximately 365,000 licensees in trades and professions under the jurisdiction of 31 boards of registration.