If you know or suspect a seller's information is inaccurate, you could be liable. Buyers are entitled to rely on the accuracy of your statements. To avoid liability, you should avoid statements about matters in which you do not have first-hand knowledge.
The U.S. Department of Housing and Urban Development has proposed Real Estate Settlement Procedures Act regulations that would relax restrictions governing employer payments to employees for marketing the settlement services of an affiliated company.
A ruling on endangered species by the U.S. Supreme Court is seen as a victory for private property rights. The court decided that property owners have just as much right to sue the government for "over enforcement" of the federal Endangered Species Act as environmentalists have to sue for "underenforcement."
The Counselors of Real Estate are once again defending against a challenge to the CRE® trademark. The case is against General Electric Capital Corp., which uses "CRE Net" on its Web site to provide users of the Internet with access to real estate-related information.
Two new developments now make it easier than ever for those involved in real estate transactions to deal with the issues raised by the potential presence of lead-based paint--issues that have received more attention recently because of the new federal lead-based paint disclosure law.