Search results
Results From The WOW.Com Content Network
August 1, 2024 at 1:14 PM. The Real Estate Consumer Protection Enhancement Act, which is meant to create a more transparent and buyer-friendly housing market, officially went into effect in New ...
That customary rate is no longer the default. Sellers can now expect to be asked for just one side of the commission pot, or what would now average 2.5% to 3%. "For the first time now, buyers will ...
The Interstate Land Sales Full Disclosure Act of 1968 ( ILSFDA or ILSA or "Act") was an act of Congress passed in 1968 to facilitate regulation of interstate land sales, to protect consumers from fraud and abuse in the sale or lease of land. The Act was patterned after the Securities Act of 1933 and required land developers to register ...
The Natural Hazards Disclosure Act, under Sec. 1103 of the California Civil Code, [1] states that real estate seller and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas. The law specifies that the six (6) required hazards be disclosed on a statutory form called the ...
A study by real estate website Zillow found New York, New Jersey, Massachusetts and Minnesota are the only states that include paranormal activity in their real estate disclosure forms.
If so, the seller is then required to provide to the buyer any previous documentation or reports on the condition of lead paint in the house. The buyer must be allowed ten days to request an evaluation of any lead paint in the house. This time limit may be altered upon agreement by both the buyer and seller.
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...
One thing's for sure, getting the keys to your new home will require even more money now. New rules for real estate agents and home buyers go into effect on Aug. 17 that force buyers to sign with ...