For Immediate Release - January 08, 2013

Massachusetts Division of Professional Licensure Secures Surrender of Real Estate Broker License

BOSTON -The Division of Professional Licensure announced today that Joanne E. Wood, of Hopedale, has surrendered her real estate broker license to the Board of Registration of Real Estate Brokers and Salespersons ("Board") in response to allegations that include comingling funds and failing to properly escrow funds.

Wood agreed to surrender any and all licenses issued by the Board as well as her right to renew any licenses. She also agreed to 
not apply to the Board for licensure of any kind for a period of three years, at which time she must submit evidence that she has resolved all underlying complaints. Wood must transfer any and all funds under her possession, custody or control in her capacity as a real estate broker to a duly licensed real estate broker as well as notify by certified mail all parties she represents as a broker that she has surrendered her license to the Board and can no longer represent the party as a licensed broker.

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.

The Division of Professional Licensure (DPL) 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. DPL also licenses and regulates private occupational schools.

Consumers are urged to visit the DPL's website 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.  Follow DPL on Twitter @MassDPL.