Mack's Blog

(August 3, 2009) — There have been several new developments in real estate at a national level which will impact Realtors® in writing offers. These include the Home Valuation Code of Conduct (“HVCC”) which is applicable to appraisers, the Truth in Lending Act (“TILA”), the Home Ownership and Equity Protection Act (“HOEPA”) and Regulation Z [...]

QUESTION: If a real estate agent has their license in retirement, is a owner/agent disclosure necessary when listing/selling their residence? ANSWER: Yes, an agent should disclose and advertise that he is an owner/agent even though the license is retired. According to the Tennessee Real Estate Commission (TREC), the Commission is of the opinion that even [...]