If you or your clients fail to adhere to the terms—even unintentionally—not only will you be putting the sale into jeopardy but you could also face civil or criminal actions. Here’s a look at the four lender conditions that tend to be the most problematic for real estate practitioners and their clients.
There has been much confusion in the real estate industry about this issue for years, sparked by an unofficial staff interpretation letter from HUD’s Office of General Counsel in early 2008. The primary concern has been that brokers and agents could violate RESPA for selling home warranties. HUD’s interpretive rule covers three important points that help clear up the confusion.
You have a great listing that you can’t wait to publicize, so you do what so many people do these days: You send a tweet to your followers on Twitter, post an update on Facebook, and maybe even write about it on your blog. But social media isn’t without legal and ethical pitfalls.