The National Association of REALTORS® has assembled a variety of recommended policies and procedures for REALTOR® Associations.
U.S. EPA overstepped its authority when it vetoed a Clean Water Act permit issued for a sprawling mountaintop-removal coal mining project in West Virginia, a federal judge ruled today.
Effective Jan. 1, 2002, a new rule issued by the federal government requires non-financial trades and businesses to report certain information regarding cash transactions involving currency over $10,000 to the Financial Crimes Enforcement Network (“FinCEN”), a bureau within the U.S. Treasury Department, in order to aid intelligence and law enforcement agencies in their battle against money laundering.
The nation’s current economic troubles have forced REALTOR® associations and multiple listing services ("MLS") to address bankruptcy issues, with both association members and vendors filing for bankruptcy protection. This Q&A will outline the basics of bankruptcy, and then address specific bankruptcy issues that a REALTOR® association may encounter.
A May 2009 report addressing cooperative compensation issues related to short sales, REO, types/levels of service provided by cooperating brokers, net sales prices, and bonuses
Vermont court rules that pre-suit mediation clause and limitation of liability provisions contained in a purchase & sale form contract created by the state association did not violate the state's consumer fraud laws.
While strong, cooperative relationships among the different entities of the REALTOR® association have long been the strength of the organization, there are times when conflicts arise and associations need a “little help from their friends” to help resolve differences.
A Louisiana court has considered whether a real estate company had a duty to inform buyer about zoning restrictions on a property, which prevented her from using the property in the way that she had intended.
Positive Software Solutions, Inc., v. New Century Mortgage Corp.: Arbitrator Had Duty to Disclose Prior Relationship
A federal appellate court has considered whether an arbitration award should be vacated because an arbitrator failed to disclose that he had served as co-counsel in a lengthy litigation matter with one of the attorneys who was now representing one of the parties in the arbitration.
A Connecticut appellate court has considered whether a seller could demand a refund from a broker because the broker received a commission based on a price which exceeded the actual sale price.