Legal FAQs

NAR FAQ on Buyer Agreements

2025-02-10T09:23:17-05:00February 10th, 2025|Legal FAQs|

https://www.nar.realtor/the-facts/nar-settlement-faqs #86 MLS Participants may not receive compensation for services from any source that exceeds the amount or rate agreed to in the buyer agreement. Does this mean that brokerages can only have one agreement with the buyer? No. The practice change empowers buyers and brokers to negotiate and agree to services and compensation that… Continue Reading NAR FAQ on Buyer Agreements

NAR Consumer Guide: Written Buyer Agreements

2025-02-10T09:13:47-05:00February 10th, 2025|Legal FAQs|

https://www.nar.realtor/the-facts/consumer-guide-to-written-buyer-agreements Consumer Guide to Written Buyer Agreements Share NOTE: Consumer guides do not constitute any change in NAR policy. Real estate professionals must ensure they market properties consistent with relevant MLS rules and educate sellers on the choices available. If you’re a homebuyer working with an agent who is a REALTOR®, it means you are… Continue Reading NAR Consumer Guide: Written Buyer Agreements

REALTOR SAFETY: Missing REALTOR in Alabama, Suspected Kidnapping Suspects Sought by Law Enforcement

2025-02-10T09:10:03-05:00February 10th, 2025|Legal FAQs|

https://www.al.com/news/2025/02/missing-alabama-realtor-ronald-dumas-was-abducted-huntsville-police-say-5-suspects-sought.html This information is only accurate as of 2/10/25. You must contact SCR for updates and changes to this information after 2/10/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This information is intended only to provide… Continue Reading REALTOR SAFETY: Missing REALTOR in Alabama, Suspected Kidnapping Suspects Sought by Law Enforcement

Federal Laws on Real Estate Closings (RESPA) – Beware quid pro quo. Lender risks.

2025-02-10T09:07:38-05:00February 10th, 2025|Legal FAQs|

Please read below if you or your brokerage receives anything of value from a lender where there are buyer referrals to that lender (e.g., quid pro quo) to learn of federal laws risks from the federal RESPA (settlement laws) and the federal CFPB (consumer financial protection bureau). https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/real-estate-settlement-procedures-act/ https://www.consumerfinance.gov/rules-policy/regulations/1024/14/ https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/ https://www.huschblackwell.com/newsandinsights/respa-revival-cfpb-sets-their-sights-on-illegal-kickbacks https://doeren.com/viewpoint/cfpb-issues-respa-kickback-penalty https://www.consumerfinance.gov/about-us/newsroom/cfpb-penalizes-freedom-mortgage-and-realty-connect-for-illegal-kickbacks/ This information… Continue Reading Federal Laws on Real Estate Closings (RESPA) – Beware quid pro quo. Lender risks.

The State Newspaper: Condition of Residential Property Lawsuits

2025-02-06T12:05:01-05:00February 6th, 2025|Legal FAQs|

https://www.thestate.com/news/local/article299639094.html This information is only accurate as of 2/6/25. You must contact SCR for updates and changes to this information after 2/6/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This information is intended only to provide… Continue Reading The State Newspaper: Condition of Residential Property Lawsuits

Suggestions or Topics for the Monthly NAR Broker Power Hour Webinar?

2025-02-03T12:02:53-05:00February 3rd, 2025|Legal FAQs|

Suggestions or Topics for the Monthly NAR Broker Power Hour Webinar? Send to BrokerForum@nar.realtor This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)… Continue Reading Suggestions or Topics for the Monthly NAR Broker Power Hour Webinar?

NAR Information for Brokers

2025-02-03T10:54:45-05:00February 3rd, 2025|Legal FAQs|

https://www.nar.realtor/brokers This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This information is intended only to provide… Continue Reading NAR Information for Brokers

NAR Broker Summit April 8-9 2025

2025-02-03T10:52:21-05:00February 3rd, 2025|Legal FAQs|

https://events.m1.realtor/EventHome/567 This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This information is intended only to provide… Continue Reading NAR Broker Summit April 8-9 2025

Recording of January 2025 NAR Broker Power Hour

2025-02-03T10:47:38-05:00February 3rd, 2025|Legal FAQs|

https://realtors.zoom.us/rec/play/2BIpShX9CdOduR8lRLv3xh9XokMqoaZxTuxeE1RyFBgcMC2uAWGPstZNAdKLgXuWjYtGMJIZYtafeEKY.XErS369Ji3ZtLde3?canPlayFromShare=true&from=share_recording_detail&continueMode=true&componentName=rec-play&originRequestUrl=https%3A%2F%2Frealtors.zoom.us%2Frec%2Fshare%2FSOIp20EQOqv47y9hmsZxq7uhhtTLUM-aURPIPMawFXEUiV5rNtS9vC7dq1l7meuQ.IKH8ASfw6nRCyd3y This information is only accurate as of 2/3/25. You must contact SCR for updates and changes to this information after 2/3/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org) This information is not legal advice. This information is intended only to provide… Continue Reading Recording of January 2025 NAR Broker Power Hour

NAR Tax Summit Online for REALTORS

2025-02-03T10:43:40-05:00February 3rd, 2025|Legal FAQs|

https://www.nar.realtor/center-for-realtor-financial-wellness/virtual-summits February 2025 Tax Summit 4-part series, virtual Wednesday, February 5, 12, 19, and 26. 10:00am PT | 11:00am MT | 12:00pm CT | 1:00pm ET (1 hour) All sessions will be recorded. Register now Managing finances can be challenging, and REALTORS® are facing a long list of tax changes for the 2024 filing year.… Continue Reading NAR Tax Summit Online for REALTORS

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