The Real Estate Settlement Procedures Act prohibits referral kickbacks for lenders and settlement services. Paying fair market value for real services is allowed.
Property managers who fail to comply with updated lead paint rules risk lawsuits, project shutdowns, insurance denial and fines up to $40,000 per violation.
The new and updated listing, leasing and compensation forms reflect MLS policy changes, current laws and local requirements, with older versions retired and replaced.
A Realtor Broker learned one of their sales associates was reposting false and misleading statements on social media about a local appraiser and international real estate brokers. Is this a violation of the Code of Ethics? Are appraisers and international brokers included in the definition of real estate professional under the Code?
The Supreme Court declined to revisit an antitrust challenge involving NAR’s former optional no-commingling policy, leaving lower-court rulings in NAR’s favor intact.
A revised condo rider lets buyers request additional association records, such as meeting minutes and insurance pages, if both parties agree in the contract.
A 1991 court ruling allows non-Realtor brokers (Thompson brokers) in Florida, Georgia and Alabama to access MLSs without joining a Realtor association.
A recent court case shows how recommending an unlicensed contractor can trigger an agent’s duty of reasonable care and lead to costly liability.
Many Realtors think they have a good handle on Professional Standards. Most of it’s just common sense, right? Test your knowledge and have a little fun with this Professional Standards quiz game – Locate That Phrase!
Rental listing scams are rising, with hijacked and phantom posts using real agents’ photos and identities. Protect yourself by learning the risks.
