
Welcome to the Legal Section of C.A.R. Online, where REALTORS® legal needs are met with the latest information and legal updates. Look below for the latest legal news during the last two weeks. You'll see Regulatory News, new Legal Q&As, new Realegals® , and What's Hot announcements.
If you missed a news announcement this year, look under 2009 Archive News which you can find under the left-hand navigation tab, Real Estate Law, or you can find last year's news announcements on 2008 Archive News. Both can also be found on the Real Estate Resources page.
At the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the “Red Flags” Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.
Referrals are generally considered a mainstay of a REALTOR®'s business. Yet, as soon as a real estate agent gives or receives some sort of payment in exchange for a referral, that agent could run afoul of the law. To exacerbate matters, the laws surrounding referrals are complicated and confusing.
This legal article provides REALTORS® with general guidance on referral arrangements. The first part sets forth the federal and state laws involving referral arrangements. The second part discusses specific referral arrangements commonly contemplated by REALTORS®.
