Blog entries tagged with "regulations":


regulations: Government Regulations Over Real Estate Lending Practices - 08/01/08 06:49 PM
At each real estate downturn, one believes that in many ways, banks should learn their lessons and stop with underwriting guidelines that are too relax.  Yet, as things improve, they go right back to making loans they should not make, and seem to always come up with new products which in … (1 comments)

regulations: How things work - 07/23/08 10:37 AM
This just in by Cecilia Kang, Washington Post Staff Writer, on Saturday, July 19, 2008; Page D01 ---
"A long-delayed merger between the nation's two satellite radio providers may be facing another hurdle after a key regulator yesterday told the companies they would need to make stronger concessions on pricing and … (0 comments)

regulations: More regulations needed for reverse mortgages? What about regular mortgages? - 06/29/08 11:17 AM
Today I read where RI governor signed a bill for more disclosures about reverse mortgages last Friday.  Don't get me wrong, if you have read my blog, I am all for the disclosures, in fact I may be in the minority that LIKES them, likes reverse mortgages, and think the disclosures should stay! However, … (0 comments)

regulations: Major Changes Affecting Waterfront Property! - 06/24/08 10:56 AM
New Hampshire is getting ready to make some major changes to the Comprehensive Shoreland Protection Act (CSPA). These new changes which are supposed to go into effect July 1, 2008 will have a significant impact on waterfront properties. The new regulations will severely limit what you can do to landscape and … (1 comments)

regulations: Greed is NOT good. Arrests begin in Mortgage Fraud Crackdown - 06/21/08 04:38 PM

In the film Wall Street, one of the characters uses the phrase "greed is good". Having seen first hand the results of greed, from blocks full of for sale signs, to displaced families, to pets being left at shelters when their owners had nowhere else to bring them, I can say, … (10 comments)

regulations: The Agency Relationship - 06/20/08 11:50 AM
The concept of Agency spans far beyond the scope of real estate sales. This area of law is very interesting and detailed in scope. Most people recognize the Agency relationship in a couple of common areas: Listing Agreements and Buyer Agreements. These formalized documents serve a great purpose in establishing a … (0 comments)

regulations: Consumer Protection - 06/20/08 11:37 AM
On the theme of consumer protection, be sure you see the main regulatory body who's mandate is to protect consumers in the real estate industry... The Real Estate Council of Ontario. (RECO) http://www.reco.on.ca/ This site will guide you through the code of ethics that 95% of real estate salespeople have guaranteed … (0 comments)

regulations: Walking the Violation Tightrope - Ethics Gone Missing - 06/18/08 02:12 PM
I have a rule of thumb: avoid any process that involves a loop hole in regulatory matters.
There are three things happening today in the wide open that I predict will be completely eliminated with or without federal prosecution of violators in the near public. In the mean time just because … (3 comments)

regulations: The Importance of Being Involved.... with your Association & Government - 06/17/08 12:20 PM
It makes a difference to your business!  And in your home values & pocketbooks!
I just got back from the North Carolina Association of REALTORS(R) Legislative Days in Raleigh.   It's a hard time of year to be away from your business, especially in this slow market.   So you may wonder, "what's … (0 comments)

regulations: Name Every Industry Required To Disclose Their Profit Directly to the Buyer - 06/16/08 01:57 PM
Challenge: let's list every industry whose participants are required to fully disclose all of their profits PRIOR TO or AT the time of the sale directly to the client ...
1. Mortgage Brokers
2.
Well, I just can't seem to think of any others. Here is a list to … (7 comments)

regulations: Bozeman's Stuart and Sally's Legal Matters - www.stuartandsally.com - 06/12/08 04:45 PM
The state of Montana is known as Big Sky Country, the Treasure State and "The Last Best Place" To many, it's also the last vestige of America's wild frontier. The distinctive qualities of this state are not limited to its physical landscape, however. Stuart and Sally are well aware that Montana … (0 comments)

regulations: Help Prevent New IRS Regulations Against Small Businesses - 06/11/08 01:17 PM
I am a member of the National Small Business Association.  I wanted to share this recent article with all of you and request your assistance in preventing this from happening.  Please review and submit your responses by hitting the Click here.
Your lawmakers are considering implementing a provision that would increase … (3 comments)

regulations: Global Warming - Their New Justification to Control - 06/09/08 07:40 PM
Global Warming Replaces 9/11 As Govt's Justification To Do Anything
Stop asking questions and just let us tax the living hell out of you, including the very air you breathe, after all - it's for the environment and we've never lied to you before have we?
They are also willing to … (0 comments)

regulations: FTC Published Final Rule on CAN-SPAM Definitions and Implementation - 06/06/08 10:44 PM
The U.S. Federal Trade Commission (FTC) recently published (5/31/08) in the Federal Register a Final Rule: "Definitions and Implementation Under CAN-SPAM Act."The rule becomes effective on July 7, 2008 and provides definitions, modifications and clarifications to the "Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003" (CAN-SPAM). [See also … (0 comments)

regulations: On Maine Lakes And Waterways...Can I Clear Land And How Much? - 06/03/08 04:45 PM
Clearing vegatation along Maine's waterways..what are the do's and don't's?
All kinds of Maine Shoreland Zoning regulations to follow here.  The policy around the lake lot you just bought in Maine that hopefully you soil tested first. AND have your building permit in place. AND have scoped out the number and … (1 comments)

regulations: NJ Governor Signs Executive Order on Lead Poisoning - 05/03/08 09:38 PM
After reviewing a report conducted by Public Advocate Ronald Chen, Governor Jon Corzine signed Executive Order #100 (04/29/08), taking effect immediately, which provides additional protections against lead poisoning based on recommendations in the Public Advocate's report.
The Executive Order calls for the Department of Health and Senior Services (DHSS) and the Department … (0 comments)

regulations: Dangerous Legislation Threatening Originators, Agents and Appraisers - PLEASE RESPOND - 04/28/08 06:16 PM
This is an email that has been posted in the LTB forum and is very appropriate for the Activerain community...  Please read and I urge you to follow the link and submit your opposition to this potential legislation...The reason for this memo, a regulatory call to action, deals with a nearly … (1 comments)

regulations: Bent Tree GA Lots: Septic Systems and Buildability, What Buyers Need to Know. - 04/06/08 11:12 PM
Changes in Georgia waste water regulations have created a problem for some lot and land owners in North Georgia and other parts of the state . . . platted lots previously approved for development may no longer be suitable for building.Here in Pickens County, GA, the neighborhood in which I most frequently encounter this issue … (0 comments)

regulations: YSP All Over The Place ... Revisited ... Again ... Once More ... - 04/02/08 09:11 AM
Look, everyone is missing two very important points about YSP. By everyone I mean even NAMB is misstating. Forget YSP. Look at the RATE. I just priced a brokered loan from a wholesale only lender and included 1.5% YSP (which does NOT raise the rate the borrower QUALIFIES FOR). Where anyone … (6 comments)

regulations: twenty acre minimums in the ETJ - 03/17/08 01:36 PM
Our local city council has decided to instigate developmental controls in their ETJ (extra territorial jurisdiction).  Some of the se controls are probably a good idea, but one that sends shivers of fear down my spine is the possibility of a minimum lot size in the ETJ of not less than … (1 comments)

regulations: New MD Rules Aim to Aid Those Facing Risk of Foreclosure - 02/21/08 09:47 AM
Maryland Gov. Martin O'Malley announced emergency regulations requiring loan service companies to tell the state when residents are in danger of losing their homes so the government can offer preemptive help.
Gov. O'Malley said the mortgage industry has failed to help troubled homeowners, pointing to poor customer service at major loan service … (1 comments)

regulations: Montana is Renowned for Its Blue Ribbon Fishing - Welcome Fly Fishers! - 01/31/08 08:57 PM
Montana is renowned not just for its "blue ribbon" fishing, but for our entire outdoor experience. In Montana, you can fish year-round, but there are seasonal regulations and water conditions that affect fishing. In general, lakes and larger rivers are open to fishing all year, while smaller tributaries are closed in … (0 comments)

regulations: Up Date on Rental Property - Other Realtor's Input Requested - 01/15/08 12:31 PM
It has gone to the attorney, hopefully the problem can be resolved.  Attorney's opinion at first blush  - is the investors should win against the other building owner, if not the next step would be to go after the city for not enforcing code and fire regulations. 
I'll keep you informed, … (4 comments)

regulations: New Jersey COAH -- New Deadline Extension For Third Round Housing Regulations - 01/12/08 09:06 PM
On Wednesday, January 9, 2008, a state appeals court granted the Council on Affordable Housing (COAH) an extra six months to revise its third-round affordable housing regulations. COAH's new rules that were proposed on December 17, 2007 must undergo the public comment process.The court set a new deadline of June 2, … (0 comments)

regulations: EEOC Allows Cuts in Over 65 Retiree Plans - 12/27/07 12:11 PM
A new ruling announced on 12/26 by the Equal Employment Opportunity Commission  (EEOC) , according to a New York Times article, U.S. Ruling Backs Benefit Cut at 65 in Retiree Plans, said that employers could reduce or eliminate health benefits for retirees when they turn 65 and become eligible for Medicare.  … (1 comments)

regulations: Lost Another Client - 12/23/07 02:52 PM
I did an appraisal recently on a new build in a new subdivision. The buyers (one R/E Agent and one L.O.) that I have received business from (sporaticly) over the past 2 years, had the LO's company order an appraisal on the house they were buying.  Rush order, needed to close … (37 comments)

regulations: Why not be proactive? - 12/19/07 04:21 PM
I was just responding to a comment posted in the "Is this a typical loan scenario" blog. After reading this blog and the comments for the past several days, I realized that the tone was changing. Amidst my response, I realized an idea that I personally thought deserves a blog of … (12 comments)

regulations: Feds Kill Liar Loans And More - 12/18/07 11:45 AM
Okay. Here it is. If you are self-employed and mingle your funds you probably have 90 days left to get a loan. If you are retired and have no income but plenty of assets you, too, may be out of the running. We're talking across the board--investors included--on all loans.
restricting lenders … (7 comments)

regulations: Expanded Lead Paint Legislation Heading to NJ Governor - 12/15/07 10:48 AM
If you are a property owner and landlord renting single-family and two-family residential units, you will soon be subject to inspections for lead-based paint just as three-or-more-unit dwellings are currently required once the governor signs new legislation that was recently sent his way..."The New Jersey Senate and Assembly have approved legislation … (0 comments)

regulations: Proposed New Jersey Fire Supression Regulation May Be Costly For Owners and Tenants - 12/15/07 08:15 AM
If you are not already aware, the following update from NJAR® concerns proposed regulations changes to the  State Fire Prevention Code, which may cause you to incur significant cost (which the NJAR believes is not warranted) if you are a Goup B or R-2 property owner (e.g., highrise buildings) and even … (0 comments)

regulations: Welcome to Prince Edward Island... the Gentle Island - 12/04/07 11:29 AM
     Is easy. You have many ways to travel to the Gentle Island. Drive over a nine-mile bridge, take a ferry, or hop a direct or connecting flight from cities in Ontario, Quebec, Alberta and the U.S.
For Americans in Canada
Border Crossing: U.S. citizens and permanent residents, passport not needed
American citizens and … (0 comments)

regulations: Death Watch for Mortgage Brokers? You Better Read This Even if You Don't Care - 10/31/07 06:54 PM
H.R. 3915 the "Mortgage Reform and Anti-Predatory Lending Act of 2007"
The one thing that helps keep predatory lending to a minimum is the massive presence of mortgage brokers who act as buffers to keep rates and closing costs from rising. Even BARNY FRANK's own study for the Government Accountability Office … (77 comments)

regulations: New Jersey DCA Releases Fire Suppression Regulations - 10/27/07 10:07 AM
The New Jersey Department of Community Affairs (DCA) has proposed numerous amendments to the State Fire Prevention Code. One of the amendments to N.J.A.C. 5:70-4.17 requires existing highrise buildings of Group B (business or office) and Group R-2 (residential) to be equipped with an approved automatic fire suppression system installed in … (0 comments)

regulations: New Jersey's Home Sales Tax and the Fight Against It - 10/20/07 03:11 PM
Living In New Jersey provides one with a many advantages and benefits.   However, as in every state, citizens need to be on guard for when the state government attempts to impose taxes that have the potential to do more harm than good.  Such, we believe, is the situation regarding New Jersey's Home … (0 comments)

regulations: Information is king - 09/14/07 06:02 PM
Hello everyone
Sorry for the last posting. I spent my afternoon at a Philosophy talk on "Moral Inerta." It was...hmm...how to put it politely....something different. It wasn't quite what I thought it would be. But it happened. And now it's over. I'm sure the Philosopher who gave the talk was a lot … (0 comments)

regulations: Introduction to the New Jersey MVC (formerly, the NJ DMV) - 08/19/07 12:14 PM
In 2003, New Jersey reorganized and renamed it's Division of Motor Vehicles (DMV) to the Motor Vehicle Commission (MVC).   According to the NJ MVC's web site, "We initiated fundamental changes and reforms, placing customer service at the top of our priorities. We have also increased our security levels at every Agency throughout … (0 comments)

regulations: HOA's Won't Allow "For Sale Signs" - 08/16/07 05:26 PM
In Arizona, there are several Home Owners Associations that won't allow "For Sale" signs to be displayed in front of a home.  I recently ran into this problem on one of my short sale listings when my client was notified he would be fined if my sign weren't removed.  As per … (6 comments)

regulations: Are Your Real Estate Ads Legal? - 07/15/07 09:18 PM
Today I was doing a Google search to see if any of my listings would pop up. While I was doing this, an ad from a local competitor came up. I know him a little and he seems like a good and honest person. However, at the top and at the … (68 comments)

regulations: Bellevue to Outlaw Mansions? - 06/28/07 02:29 PM
I just heard part of a news report saying that the City of Bellevue is considering residential building ordinances that will limit what property owners can do on their own property.  Among the possibilities:  homes sq ft will be based on lot sq footage (tighter restrictions?), and not allowing one house … (0 comments)

regulations: New Jersey DEP Announces New Water Quality Rules - 05/04/07 11:22 PM
On April 23, 2007 the New Jersey Department of Environmental Protection (DEP) announced two water-quality rules that include Category One protection for high-quality waters in 11 counties and revised Water Quality Management Planning rules.Both sets of proposed regulations will be published in the May 21, 2007 edition of the New Jersey … (0 comments)

regulations: HB 4050 - 04/27/07 11:40 PM
Anyone know anything new on this?  Love to have thoughts, but curious as to what the latest news is on this.  This is something that has been put forth as something to stop "Predatory Lending", but has been stricken earlier because of its discriminatory application.  Further, this bill restrains freedom of … (3 comments)

regulations: ADA: Could Also Apply To The Web And Your Site - 04/12/07 10:25 AM
The retailer, Target Corporation, has been targeted (9/2006) in a lawsuit filed by the National Federation for the Blind (NFB) in a California federal court for inability of a blind person to access the company's web site (Target.com) and not being in compliance with the Americans with Disabilities Act (ADA).  The initial suit was … (3 comments)

regulations: Consumer information from Georgia Deparment of Banking and Finance - 04/02/07 08:52 PM
                             
Consumer Resources
The Georgia Department of Banking and Finance (Department) is the state agency that regulates and examines state-chartered banks, state-chartered credit unions, and state-chartered trust companies. The Department also has regulatory and/or licensing authority over mortgage brokers, lenders and processors, check cashers, sale of check companies, money transmitters, international banking … (0 comments)

regulations: FTC Enforcing Recorded Sales Calls Prohibition In 2007 - 01/05/07 04:05 PM
Just received an email update from my state Realtor association (NJAR) reminding me about the Federal Trade Commission's (FTC) ban on pre-recorded sales calls that the FTC begins enforcing in 2007.  I'm posting it here to let everone know whether you're a Realtor or engaged in any other business...According to the reminder notice, "The Federal … (0 comments)

regulations: Identify Theft - YOU Are Probably Personally Liable Under Federal Regulations - 10/17/06 11:44 PM
I recently attended a seminar, sponsored by a local commerce organization, on identify theft.  I believe I had a good understanding of what identify theft is and some of the precautions I have to take to minimize risks.  Those precautions included guarding my personal information and not giving it out unnecessarily, using secure communications and … (0 comments)

regulations: NAR Field Guides For Community Land Use Issues - 10/08/06 12:11 PM
Stakeholders in local communities both directly impact and are impacted directly by land use decisions that are made daily.  Stakeholders include governments and their officials, residential and commercial owners, local businesses, buyers and tenants, builders, developers, property managers and real estate brokers.   To better understand some of the issues and for possible … (0 comments)

 
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