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A White Paper:New Rules Affecting Transactions &Closings

(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 [...]

Disclose Owner/Agent If Retired?

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 [...]