Southern New Jersey Overlook

The NAR recently released the 2007 NAR Legal Scan, which it claims is it's most comprehensive study to date of legal issues and trends in the real estate industry.

The historial data is based on research of court documents, states, regulations and jury verdict reports, involving 655 court cases and 112 statutes and regulations.  The study contains an appendix listing each case, statute and regulation with full legal citation by issue and jurisdiction.

The complete study has been published electronically on NAR's member Web site and is available at no charge to NAR members.

NOTE: The "Legal Scan" is available in two parts: an NAR Scan (about issues facing real estate brokers) and an IREM Scan (real estate management issues). 

Key finding from the "Scans", include:

* Agency issues are among the most common issues of legal disputes. Another major area is property condition disclosre, especially mold and structural defects.

* Technology issues are growing in importance, especially privacy, spam and other forms of electronic solicitation.

* Subject areas where future training will be vital include agency, disclosure, technology, antitrust, and real estate settlement procedures.


Source: NAR Press Release - Realtors® Release Latest Legal Liability Survey



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