New Year, New NAR Policy Updates
All Professional Standards changes are in effect as of Jan. 1, so they’re effective now. MLS policy changes are effective as of Jan. 1, but local Realtor®-owned MLSs have until March 1 to adopt the changes into their local rules.
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Don’t be a Secret Agent, Man
The PAR Legal Hotline can’t answer everything, here are three popular questions we can’t answer for you and how to find out for yourself.
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Do I Still Need to Wear a Mask to Showings? COVID-19 Updates
If you were thinking there’s nothing new to say about COVID-19 after 16 months, you’d be thinking wrong.
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New Mask Guidance a Real Shot in the Arm
On Thursday, May 13, the Centers for Disease Control issued new public health guidance for fully vaccinated people. The key takeaway is that “fully vaccinated people no longer need to wear a mask or physically distance in any setting, except where required by federal, state, local, tribal or territorial laws, rules and regulations, including local business and workplace guidance.” But before you get too excited, let’s break that down and see how it might apply to real estate practice in Pennsylvania.
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It’s All About the Inspections
The PAR Legal Hotline is seeing terminations and deposit disputes shoot up, as well as a spike in seller disclosure problems and about a 40% increase in buyer-seller mediation request.
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I Challenge You to a Dual (or Variable Rate Commission)!
The key to understanding dual or variable rate commission is that it applies when the fee paid by a seller to a listing broker will vary based on whether or not an agent with the listing broker procures the buyer.
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Guidance for the Vaccinated – An Update
Our recommendation – consistent with the CDC guidance and amended Pennsylvania order – is that real estate licensees should continue to wear masks when interacting with clients regardless of the setting.
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State and Federal COVID-19 Updates: What They Mean for Realtors®
Gov. Tom Wolf signed a fourth renewal of the COVID-19 emergency declaration, while President Joe Biden announced a 14-day window (Feb. 24-March 10) in which the Paycheck Protection Program will only be available to businesses of 20 employees or fewer.
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Read. The. Forms.
Each year the PAR Legal Hotline fields a fair number of calls with questions can be answered simply by taking the time to carefully read some of the most common transactional forms every so often.
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Two State COVID Restrictions Scheduled to Expire Monday
Today, Gov. Tom Wolf announced that the limited-time mitigation orders put in place on Dec. 12 will expire on Jan. 4, 2021, as scheduled.
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