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Entries Tagged as 'NAR'

REALTOR® ASSOCIATION EXPANDS ANTI-DISCRIMINATION POLICY

January 3rd, 2010 · No Comments

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 […]

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. […]

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 […]

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 […]

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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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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