A settlement has been reached in the U.S. Environmental Protection Agency’s first enforcement action against a real estate brokerage for failing to comply with the 1996 Lead-Based Paint Disclosure Rule.
A person licensed in Pennsylvania as a real estate salesperson marketed herself in a local publication as an “accredited buyer broker.” The individual, who did not have a real estate broker’s or associate broker’s license, holds the designation ABR®, Accredited Buyer Representative, awarded by the Real Estate Buyer’s Agent Council, a wholly owned subsidiary of NAR.
Despite a favorable ruling from an administrative law judge saying “innocent owners” of inaccessible multifamily dwellings aren’t liable, the NATIONAL ASSOCIATION OF REALTORS® says there is still much uncertainty in the multifamily market. And the uncertainty is affecting transactions.
A federal appeals court ruled that the U.S. Army Corps of Engineers acted improperly when it regulated dredging activity the same way it regulates activity that adds fill material to navigable waters, including wetlands.
A federal appeals court has shot down as unconstitutional an Illinois antisolicitation law. The Illinois Legislature had used the menace of blockbusting, or panic peddling, as the rationale for keeping the law.
After a long ordeal, a store owner here has won a landmark property-rights case involving land taking by the city. The victory marked the closure of a case, Dolan v. Tigard, in which the city delayed paying compensation to property owners John and Florence Dolan for nearly four years after the Dolans won a favorable ruling from the U.S. Supreme Court in 1994.
Property rights advocates won two noteworthy victories this year before the U.S. Supreme Court. This pattern is likely to continue as long as the current court's composition remains the same, according to NAR analysts.
How far do you have to go in disclosing court cases connected to a property for sale? Are you required to determine and disclose the existence of any lawsuit relating to common areas of a planned unit development that are not at the site of a particular unit being sold? The answer is no, according to a recent decision of the California 4th Appellate District Court.
Real estate practitioners may be liable for up to triple damages for misstatements--even unknowing misstatements--concerning material facts in a sales transaction, according to a recent decision of the state Supreme Court.
A U.S. District Court judge said that city and state laws forbidding housing discrimination based on marital status violate the U.S. Constitution. The case was the latest in a series brought by landlords in different states citing religious belief as a legal basis for discriminating against unmarried tenants.
Be sure you document the acceptance of a counteroffer in writing and make sure parties comply with specified deadlines.The parties to a New Mexico residential transaction didn't do that, and the result was a lawsuit that worked its way up to the state Court of Appeals.
Is a broker guilty of unfair competition and business practices if he affiliates several salespeople who, while employed by another broker, were trained in particular sales, farming, and advertising techniques?