RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate transactions and settlement processes, including restrictions on kickbacks and referral fees
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, disability, or familial status
Truth in Lending Act: Federal law requiring disclosure of credit terms and standardizing the manner in which costs associated with borrowing are calculated and disclosed
Anti-Trust Laws: Federal laws preventing anti-competitive behavior, price fixing, and market allocation in real estate services
FIRPTA: Foreign Investment in Real Property Tax Act - Federal law governing tax implications for foreign persons selling U.S. real estate
State Real Estate Commission Regulations: State-specific rules governing real estate transactions, licensing, and professional conduct within the state's jurisdiction
State Licensing Requirements: Specific state mandates for obtaining and maintaining real estate agent/broker licenses, including education and compliance requirements
State Contract Laws: State-specific laws governing the formation, execution, and enforcement of contracts, including real estate agreements
State Consumer Protection Laws: State laws designed to protect consumers in real estate transactions, including disclosure requirements and fraud prevention
NAR Code of Ethics: National Association of REALTORSยฎ professional standards and ethical requirements for member agents and brokers
Commission Disclosure Requirements: Legal requirements for disclosing commission rates, structures, and sharing arrangements in real estate transactions
Dual Agency Regulations: Laws governing situations where an agent represents both buyer and seller, including disclosure requirements and restrictions
Broker-Agent Relationship Rules: Regulations defining the legal relationship between brokers and agents, including supervision requirements and responsibilities
Commission Payment Terms: Legal framework for when and how commission payments must be made, including conditions and timing requirements
Contract Termination Provisions: Legal requirements for including and enforcing contract termination clauses in commission agreements
