NAR News on HUD & Condo rules
William E. Brown 2017 President, National Association of REALTORS® addresses the Project Approval for Single-Family Condominiums in a letter to Mr. Edward Golding Principal Deputy Assistant Secretary for Housing.
Maryland County Real Estate Data Summaries
Please review your updated County Real Estate data recently updated by MAR.
REVISED- Understanding Whom Real Estate Agents Represent form
We are one month into the new forms and found that a change needs to be made to the Understanding Whom Real Estate Agents Represent form.
The Department of Labor, Licensing & Regulation is eliminating the check box for intra-company agent/dual agent. This box does not need to be there as the buyer or seller will not be signing this form if they are Represented by you or your agents. However, please make sure that they DO sign the Consent For Dual Agency form.
Here is the link to the new form for you to download it. http://bit.ly/2ffT9Ca Please make sure you use this new form immediately. Also refresh your browsers before clicking on the link so you get the newest version.
As of January 2016, all REALTOR® Associations now offer an ombudsman program for free as a member benefit and as an additional form of alternative dispute resolution. The scope of the ombudsman program is up to the local association or board with each local jurisdiction having the option to tailor the program to assist their REALTOR© members, REALTOR© clients or customers, and/or members of the public.
Learn more about the Ombudsman Program in this short video with MAR's Staff Attorney, Jason Brand, Esq.
Highlights From the Profile of Home Buyers and Sellers
For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Check out these Highlights From the Profile of Home Buyers and Sellers just put out by the Nationals Association of REALTORS.
Forms Updates Go Into Effect Oct. 1
New & Revised MAR Forms are posted. Click here to watch the video.
New Agency Law Video
Join Kathleen Dartez, Director of Legal Affairs for the Maryland Association of REALTORS as she updates us on the new changes to the agency law, effective October 1, 2016. In this video Kathleen discusses the changes in the law, how the changes affect current forms, how the changes affect certain disclosures and how the changes will make your lives easier! Click here to view the video
The FAA's New Drone Rules Are Effective as of August 29th
REMINDER – The new FAA Regulations affecting Unmanned
Aircraft Systems (“UAS” or “drones”) became effective as of 12:01 a.m. on Monday August 29, 2016. If you want to learn more about the Regulations, begin studying for
the Knowledge Test, or register your drone, please click here for more information.
CFPB Proposed Rule says REALTORS should be able to access Closing Disclosure
The CFPB-proposed rule on TRID would help consumers understand their mortgage and home purchase by helping agents to provide expert advice.
How To Protect Your Clients From Cyber Schemes
Almost daily, we hear or read about cybercrime. One particular
type of scheme targets REALTORS®, their businesses, their clients and other
parties involved in real estate transactions. Criminals are hacking into email
accounts, patiently monitoring the victim’s emails and, often just before settlement,
sending an email instructing the recipient to wire funds to the hacker’s