It is designed to give the Purchaser and Seller one clear time horizon in which to resolve all home inspection issues, come up with a resolution, and draft an addendum amending the contract.

When Realtors® prepare opinions of real property value or price, they MUST be knowledgeable about the type of property being valued

A licensee must disclose any brokerage relationship that licensee has with another party to the transaction upon having a substantive discussion about a specific property

As a Realtor®, if you operate a blog, you must delete false or misleading comments or publish clarifications about them as soon as you have determined they are false or misleading.

The obligation to compensate a cooperating broker may be excused by an Arbitration Panel if, through no fault of the listing broker, and if the listing broker exercised good faith and reasonable care, it was impossible or financially unfeasible for the listing broker to collect the commission per the listing agreement.

Get a written acknowledgment from the clients that you have given them appropriate cautionary advice concerning the potential consequences of whatever options, rights or protections they are waiving.

The purchaser has a fixed number of days to elect to either provide notice that the contract is void or to proceed as if there were no Home Inspection Contingency and take the property AS-IS.

What is the legal definition of a bedroom? I have a listing for a condo in Fairlington Villages that the seller told me had two bedrooms. Upon visiting the condo I did confirm that the owner was using the "second bedroom" as a sleeping area...

E-mails and fax advertisements have become common tools for REALTORS®. However, federal law places limits on the use of these tools.

In response to the increase in short sales, our regional MRIS just added two pick list items to assist both listing and selling agents. Short Sales has been added under the Current Financing/Loan pick list.

How can I tell if someone has a license to practice real estate?

Examples of what might qualify for the Citation System

The amount paid to a real estate broker or agent must be commensurate with the value of those goods and services.

We believe that the extra precautions that require Affiliate members to use a CBS code are an inconvenient but necessary part of our responsibilities for providing lockbox services.

A listing entered in the MLS must offer cooperation to all subscribers of the MLS.

Sellers expect that all other professionals related to a real estate transaction will be limited to access that is under the control or supervision of the agents.

The following guidance is offered for brokers and agents in connection with marketing and sale of property for which flood insurance may be required

If the parties are unable to reach an agreement by the end of the Negotiation Period, the Purchaser has an additional period of time to simply void the contract or choose to take the property in its current condition

A legal bedroom must have two ways to exit: one that leads to the rest of the home and one that leads directly to the outside.