Highlights from 1Q 2014's Legal Pulse Newsletter in the areas of Agency, RESPA, Property Condition Disclosure, and Employment Issues.
A summary of legal research on topics that may be a source of legal liability for real-estate licensees: Agency, Property Condition Disclosure, and RESPA, as well as a limited number of Employment issues.
California court rules that listing broker’s statement in the MLS that study had found property buildable was not inaccurate.
Court finds no breach of broker’s duties for failure to disclose neighboring sex offender, as rep agreement stated that no such requirement exists under AZ law.
The U.S. Supreme Court has ruled that limits on aggregate contributions by individuals to candidates and political parties violates the First Amendment.
NAR Legal Affairs has updated the model disclosure for use on properties that require flood insurance in light of the recent changes to the Biggert-Waters Act.
Broker’s distribution of cash-back coupons to potential buyers for presentation to sellers is deemed violation of law prohibiting commission splits with non-licensees.
Watch a video with NAR legal staff discussing lawsuits challenging the independent contractor status of salespeople.
Administrative law judge rules that FAA lacked jurisdiction to impose the fine.
Federal court holds that buyers’ real estate salesperson breached contract with clients by failing to disclose encumbrance on purchased land.