mars: The MARS FTC rule - has any one come across good disclosures for Realtors? - 02/18/11 02:56 AM
The FTC recently put into effect a new rule that adds regulations to 3rd party negotiators, attorneys and Realtors who help sellers in need of a short sale.
Realtors Need Clarification and Authoritative Disclosure Language
Short sale Realtors nationwide are waiting for clarification from NAR and from their state and local Real Estate Associations and Real Estate Commissions.
Many real estate attorneys are also unsure about the interpretation of the MARS rule as it pertains to Realtors. Emphasis on the word "interpretation" because is not clear cut. As Florida Real Estate Attorney Richard Zaretzky points out "The issue regarding real … (3 comments)