With frustration levels high as buyers and sellers navigate short sales and REOs, the chance of getting snagged in a lawsuit is higher than it otherwise might be. Even if you aren’t personally named in a legal action, you could be subpoenaed to answer attorneys’ questions in a deposition if you had a role in a transaction gone bad. Before you’re deposed, here’s what you need to know.
Residential real estate has become more complex over the years as a result of laws enacted to protect consumers’ welfare. Here are 23 federal laws that play a part in residential real estate. The list is not exhaustive, but it provides an idea of how much of the real estate transaction falls under federal regulation.
REALTOR® Magazine ethics columnist Bruce Aydt, general counsel at Prudential Alliance, REALTORS®, in St. Louis, shares his thoughts on doing the right thing when faced with the six most challenging articles in the NAR Code of Ethics.
The NATIONAL ASSOCIATION OF REALTORS®’ Board of Directors last year made several enhancements to the NAR Code of Ethics that take effect this year to help ensure the Code remains up-to-date as practitioners confront new situations. Here are four changes you’ll want to make note of.