A letter about a seemingly obscure issue from NATIONAL ASSOCIATION OF REALTORS® President Ron Phipps to federal regulators received a lot of attention in residential appraiser circles. Phipps’ Aug. 11 letter urged regulators to prohibit the use of indemnification clauses by appraisal management companies in their independent contractor agreements with appraisers. This is...
Currently, about a dozen states last year considered bedbug-related legislation, and in Congress, two bills are in the early stages of consideration. Municipalities are looking at laws, too. Here's what you should know.
If structured carefully, seller financing not only makes deals possible but also can typically help transactions close quickly, and under more fasvorable terms. But against these benefits is the big downside of seller financing: the potential for buyer default.
The NATIONAL ASSOCIATION OF REALTORS®’ Board of Directors at its annual meeting last November approved an action to make its bylaws consistent with the rules under the federal Americans with Disabilities Act by requiring state and local associations to make sure their facilities are accessible to persons with disabilities.
If you’re the owner of even a single unit of rental property, starting this year you must start tracking all vendors doing at least $600 worth of work for you. Federal law now requires you to send them an IRS 1099 form.
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.