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Sep 27, 2016
The MLS is a forum that not only allows listing brokers to advertise their properties for sale or for rent but also provides them with a means to make offers of cooperative compensation that can be reviewed and accepted
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Sep 27, 2016
Under the old Home Inspection Contingency, a Seller who wanted to void the contract would simply fail to respond to a counter-offer and the contract would automatically become void.
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Sep 27, 2016
"REALTORS® shall not advertise nor permit any person employed by or affiliated with them to advertise listed property without disclosing the name of the firm."
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Sep 27, 2016
Sellers often place agents in compromising positions by asking them to take actions that break or skirt the rules. However, the sellers quickly disappear when the complaints are filed.
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Sep 27, 2016
Depending on the circumstances and the cost of the repair, it may be a good business decision for the agent to offer to repair the damage.
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Sep 23, 2016
To avoid replicating this troubling scenario, we recommend a Negotiation Period of no less than seven days.
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Sep 23, 2016
The following guidelines have been prepared by the Risk Management Committee of the National Association of REALTORS® to supplement the REALTOR® association's long standing antitrust compliance program.
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Sep 23, 2016
When someone enters a property through a lockbox, there is a record of the visit. Each SentriCard® is assigned to one agent and thus the owner can trace who has entered his or her property.
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Sep 23, 2016
Article 11 of the Code of Ethics states that REALTORS® shall not undertake to provide specialized professional services that is outside their field of competence unless they fully disclose their lack of experience to the client or engage the assistance of one who is competent in the area.
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Sep 23, 2016
Improperly placed open house signs can cost you more than a sale. They can also result in confiscated signs and a loss of hard-earned money.
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Sep 23, 2016
Realtors® are required under Article 12 of the Code of Ethics to ensure that their professional status is clearly identifiable in any advertisement.
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Sep 23, 2016
All payments made in connection with a RESPA-covered transaction must be disclosed on the HUD-1/1A Settlement Statement.
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Sep 23, 2016
A landlord wants to restrict the number of people who are able to rent his three-bedroom condo unit. Therefore, he instructs his Property Manager to advertise the property as "two bedrooms with a den". The Property Manager knows this is wrong and wants a reason why he can not comply with this request.
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Sep 23, 2016
In general, what information must I include in all of my advertisements to the public? Do I really have to include my firm name, the REALTOR® logo or the fair housing logo in all of my advertisements?
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Sep 23, 2016
A discussion like how does this Tudor home compare to the one down the street, moves conversation into a discussion about a specific property.
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Sep 23, 2016
The best course of actions is to note any potential problems, such as signs of water stains, provide a written notice to the client and recommend that they have a qualified specialist check the area to determine if there is a possible problem.
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Sep 20, 2016
An accommodation request under the FHA isn't limited to a particular type of service animal, and so could require accommodations for such animals as snakes or birds
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Sep 20, 2016
A new guide that further explains HUD's RESPA Statement of Policy on Unearned Fees is now available online.
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Sep 20, 2016
The FTC Rule defines MARS activity as including negotiating, obtaining and arranging a short sale. Under this definition, an agent or broker who performs the following services would fall under the definition of a MARS services provider
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Sep 20, 2016
It was the consensus of the Work Group that any listing agreement between a seller and a listing broker that provides that cooperative compensation cannot be offered or paid to a cooperating broker if the purchaser holds a particular license or credential, ...