Legal FAQs

If you are interested in REALTOR® professional standards, ethics, arbitration, mediation, and or ombudsman, or you serve as a member of the professional standards committee or grievance committee or as a mediator/ombudsman; please begin and continue your self education program at this link over time: https://www.nar.realtor/about-nar/policies/professional-standards-and-code-of-ethics/educational-resources The National Association of REALTORS® is America’s largest trade… Continue Reading Professional Standards, Ethics, Arbitration, Mediation, Ombudsman: Educate Yourself

Article 6 REALTORS® shall not accept any commission, rebate, or profit on expenditures made for their client, without the client’s knowledge and consent. Article 7 In a transaction, REALTORS® shall not accept compensation from more than one party, even if permitted by law, without disclosure to all parties and the informed consent of the REALTOR®’s… Continue Reading NAR Code of Ethics Excerpts on Compensation

Misconduct and Redress SECTION 40-57-710. Grounds for denial of issuance of license or for disciplinary action against licensee. (A) In addition to Section 40-1-110, the commission may deny issuance of a license to an applicant or may take disciplinary action against a licensee who: License Law: (28) allows or creates an unreasonable delay in the… Continue Reading License Law on Compensation Excerpts

Article 16 REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients. (Amended 1/04) Standard of Practice 16-16 REALTORS®, acting as subagents or buyer/tenant representatives or brokers, shall not use the terms of an offer to purchase/lease to attempt… Continue Reading NAR on NAR Code of Ethics Article 16 and Standard of Practice 16-16 SOP 16-16, SCR120, SCR310 seller paid buyer’s transaction costs

See NAR FAQs #46 through #62' https://www.nar.realtor/the-facts/nar-settlement-faqs The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of… Continue Reading NAR on Written Buyer Agreements, Before Tour Unless Listing Agent

See NAR FAQs #46 through #62 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the… Continue Reading NAR on Written Buyer Agreements, Before Tour Unless Listing Agent

Missouri seller class action lawsuit: Federal Judge Bough granted that motion which means that as of today, the settlement agreement is preliminarily approved.Settlement class members are now enjoined from filling complaints or prosecuting any claims based on the type of conduct at issue in Sitzer-Burnett and the other settled Actions on behalf of home sellers… Continue Reading NAR: Granted Motion Preliminary Settlement Approval

SECTION 16-17-560. Assault or intimidation on account of political opinions or exercise of civil rights. It is unlawful for a person to assault or intimidate a citizen, discharge a citizen from employment or occupation, or eject a citizen from a rented house, land, or other property because of political opinions or the exercise of political… Continue Reading Political Rights in SC

https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading FTC on Non Compete Agreements

https://www.youtube.com/watch?v=GDlWzqrT8iU https://www.nar.realtor/videos/window-to-the-law/antitrust-for-real-estate-professionals https://www.nar.realtor/videos/risk-management-webinar-series/antitrust-for-associations The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of… Continue Reading NAR and SCR Antitrust Videos