At the recent annual governance meeting of the National Association of Realtors®, held in San Diego, the Board of Directors adopted a recommendation to expand its existing support of equal opportunity to include its application with respect to sexual orientation. The exact wording of the motion was: “That existing NAR policy on equal housing opportunity […]
Entries Tagged as 'NAR'
REALTOR® ASSOCIATION EXPANDS ANTI-DISCRIMINATION POLICY
January 3rd, 2010 · No Comments
Tags: Code of Ethics · Realtors Code of Ethics · National Association of Realtors · NAR · Bob Hunt
STANDARDIZED SHORT SALE PROCESS WILL BENEFIT ALL PARTIES
December 20th, 2009 · 1 Comment
Two years ago the National Association of Realtors® formed a task force to address the vexing issue of short sales. A multitude of members had complained of lengthy and often incomprehensible processes that – although they varied in detail from lender to lender – all seemed to share the characteristics of being inefficient and irrational. […]
Tags: HAFA · Home Affordable Modification Program · HAMP · Junior Liens · National Association of Realtors · Freddie Mac · Bob Hunt · NAR · Fannie Mae · Short Sales
LOTS OF USEFUL INFORMATION CONTAINED IN 2009 SURVEY OF HOME BUYERS AND HOME SELLERS
November 29th, 2009 · No Comments
There are no great surprises in the National Association of Realtors® 2009 Profile of Home Buyers and Sellers, but, as in the past, the annual survey contains information useful both for consumers and for brokers and agents. The survey consisted of an eight-page questionnaire sent to 120,038 consumers who had purchased a home between July […]
Tags: Home Buyers · Home Sales · National Association of Realtors · Buying A Home · NAR · Bob Hunt
REALTOR® ORGANIZATION OPPOSES FHA ANTI-FLIPPING RULE
October 18th, 2009 · No Comments
At their recent fall meetings, directors of the California Association of Realtors® (CAR) adopted the following motion: “That C.A.R. in conjunction with NAR, “SUPPORT” the elimination of the FHA 90-day anti-flipping rule, and that C.A.R. write and publish a letter to the FHA Commissioner in opposition to the FHA 90-day anti-flipping rule.” While support for […]
Tags: Bob Hunt · Anti-Flipping Rule · CAR · NAR · First-Time Buyers · FHA Financing · REO's · Property Flipping · FHA buyers · Foreclosures
REALTOR® SUED FOR MISRPRESENTATION WHEN ASSESSOR’S RECORDS ARE INCORRECT
September 21st, 2009 · 3 Comments
There’s really nothing for real estate agents and brokers to like about a recent case brought to our attention by the legal department of the National Association of Realtors® (NAR). Bowman v. Presley arose out of a 2005 transaction that took place in the state of Oklahoma. The ruling came down from the Oklahoma Supreme […]
Tags: Misrepresentation · National Association of Realtors · Appraisal Reports · Appraisals · Buying A Home · NAR · Purchase Agreements · Disclosure · Bob Hunt · The Market
REALTOR ® CREDIT UNION ATTUNED TO MEMBERS’ SPECIAL CIRCUMSTANCES
June 28th, 2009 · No Comments
It is well known these days that loans, any kind of conventional loans, have become more difficult to obtain. (I emphasize conventional in order to distinguish from payday loans and the kind you get from the fellows who will do damage to your kneecaps if you miss payments. Those loans may still be easy to […]
Tags: Credit Unions · National Association of Realtors · NAR · Bob Hunt
ADD-ON FEES MAY ENTAIL R.E.S.P.A. VIOLATION
June 8th, 2009 · 2 Comments
When directors of the California Association of Realtors® (CAR) met in Sacramento recently, their association attorneys had an important message for them: Real estate firms and agents who, in addition to commission, impose additional charges such as an “administrative fee”, “transaction fee”, “regulatory compliance fee” etc. need to tread very carefully. They could easily become […]
Tags: Fees · California Association of Realtors · Administrative Fees · Transaction Fees · Compliance Fees · RESPA · National Association of Realtors · Title and Escrow · Bob Hunt · CAR · NAR · Purchase Agreements
ETHICS RULES YIELD ODD RESULTS WHEN IT COMES TO CLAIMING A SALE
June 1st, 2009 · No Comments
Many real estate agents place advertising that emphasizes their community activities, charitable involvements, educational achievements, and professional affiliations. That is all well and good; but, certainly, the thing that most consumers are most interested in has to do with sales. “How many homes have you sold?” “Where?” “In what price range?” etc.
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No wonder, then, that […]
Tags: Realtors Code of Ethics · Truth In Advertising · Advertising · National Association of Realtors · Bob Hunt · NAR · DRE Regulations
ETHICS RULES APPLY TO WHAT IS SAID ON BLOGS
May 18th, 2009 · No Comments
Realtors® have an ethical obligation not to knowingly or recklessly make false or misleading statements about their competitors, their businesses, or their business practices.  This is spelled out in Article 16 of the Realtor® Code of Ethics, a code which applies to all those real estate licensees who have chosen to be members of the […]
Tags: Standards of Practice · Electronic Media · Code of Ethics · National Association of Realtors · Bob Hunt · NAR · DRE Regulations
SALES STATISTICS DON’T TELL THE WHOLE STORY
March 30th, 2009 · No Comments
Really, I am not a curmudgeon. A curmudgeon is the sort of person who is so negative and so sour that, at around four o’clock, the bars ask him to leave so that they can get on with happy hour. I’m not that bad.
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Nonetheless, I just can’t get as upbeat as so many have about […]
Tags: National Association of Realtors · NAR · Bob Hunt · The Market
WHITE HOUSE PLAN FOR “RESPONSIBLE HOMEOWNERS” LEAVES YOU WONDERING
February 23rd, 2009 · No Comments
On February 18 the White House released an executive summary of the Homeowner Affordability and Stability Plan. Details to follow. The plan targets two groups: (1) Four to five million “responsible homeowners” who are current on their payments, have seen their property values fall, and who are now unable to refinance at lower mortgage rates. […]
Tags: Home Buyers · National Association of Realtors · NAR · Bob Hunt · The Market