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Today, we are going to discuss a crucial aspect of our industry that is often overlooked or misunderstood – the obligation of licensees in all transactions involving them or their immediate family members. At the outset, it’s important to recognize that the real estate industry is heavily regulated to protect consumers and maintain the integrity […]
All Associates are reminded of their requirement to report any new transaction within 48 hours of receiving executed documents. Transactions may only be reported at www.updatebroker.com and should only be reported in once. Documents related to the transactions must be uploaded to the brokerage portal for review within 48 hours of the document being fully […]
Last year, NAR reached an agreement with the U.S. Department of Justice to develop rules that more explicitly state what is already the spirit and intent of NAR’s Code of Ethics and MLS policies regarding providing information about commissions and MLS participation. Outcomes The National Association of REALTORS Board of Directors this week approved several […]
AB 38 created three new requirements for sellers and buyers in many areas of the State – two disclosures and one point-of-sale requirement for inspection (and compliance documentation). A new C.A.R. FHDS form was released the week of June 21, 2021. Disclosure 1: Begins January 1, 2021, Home Hardening Disclosure, reflected in the draft FHDS Form. Disclosure 2: […]
This past November, NAR reached an agreement with the U.S. Department of Justice to develop rules that more explicitly state what is already the spirit and intent of NAR’s Code of Ethics and MLS policies regarding providing information about commissions and MLS participation. Expected Outcomes In accordance with the MLS system’s long-standing focus on creating an […]
Equal Employment Opportunity Commission, the EEOC, provides enforcement and prevention information to stop sexual harassment in the workplace. It can be found at www.eeoc.gov, or at 1-800-669-4000. National Sexual Assault Hotline is found at (800) 656-4673, where a trained operator will be able to speak with you and provide guidance and support. National Women’s Law Center […]
The NAR Professional Standards Committee met on October 5, 2020, to consider recommendations from its Interpretations and Procedures Advisory Board on the Code of Ethics’ applicability to discriminatory speech and conduct. The Committee approved the Advisory Board’s recommendations, and six of them were presented to and approved by the NAR Board of Directors at their […]
On May 8, the Department of Public Health issued new industry guidance for real estate transactions. Included in the guidance is the requirement that agents post rules on the property – with pictograms – that must be agreed to as a condition of entry by all people viewing the property. We are in the process […]
