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Ron Phipps Explains Why FTC Decision Is a Win
Why he appreciates the FTC's decision not to enforce provisions of its Mortgage Assistance Relief Services (MARS) rule against real estate professionals who help their clients obtain short sales.
Understand the Issue
Q&A: When Will the MARS Rule Apply to Real Estate Pros?
Although the FTC decided provisions of its Mortgage Assistance Relief Services rule won't be enforced against real estate professionals, there are exceptions in cases of misrepresentations. Read a Q&A discussing the FTC's forbearance and what it means.
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Recent Actions
FTC Announcement Clears Up Confusion About MARS Rule
NAR has made an important step in resolving the confusion caused by the Federal Trade Commission's (FTC) Mortgage Assistance Relief Services Rule (MARS) among real estate professionals who provide assistance to homeowners in negotiating short sales.
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From Leadership
Ron Phipps Explains Why FTC Decision Is a Win
2011 NAR President Ron Phipps explains why he appreciates the FTC's decision not to enforce provisions of its Mortgage Assistance Relief Services (MARS) rule against real estate professionals who help their clients obtain short sales.
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