RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate settlement processes and prohibiting kickbacks and referral fees in real estate transactions
TILA: 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
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, disability, or familial status
Anti-Trust Laws: Federal laws ensuring fair competition and prohibiting anti-competitive practices in real estate brokerage
CFPB Regulations: Consumer Financial Protection Bureau regulations protecting consumers in financial transactions, including real estate
State Real Estate Commission Regulations: State-specific rules governing real estate broker conduct, licensing, and professional practices
State Licensing Requirements: State-mandated qualifications and ongoing requirements for maintaining a broker's license
State Broker Compensation Laws: State-specific regulations governing how brokers can be compensated and what must be disclosed regarding fees
State Consumer Protection Laws: State-level laws protecting consumers in real estate transactions and requiring specific disclosures
NAR Code of Ethics: National Association of REALTORS�� professional standards and ethical requirements for member brokers
Disclosure Requirements: Mandatory disclosures of fees, commissions, relationships, and material facts affecting the transaction
Service Definition: Clear outline of services to be provided by the broker, including scope of authority and responsibilities
Payment Terms: Specific conditions for when and how broker fees are earned, paid, and collected
Dual Agency Rules: Requirements for disclosure and handling of situations where broker represents both parties
Agreement Duration: Terms specifying the length of the agreement and any automatic renewal provisions
Termination Clauses: Conditions and procedures for early termination of the agreement by either party
Dispute Resolution: Procedures for handling disagreements, including mediation or arbitration requirements
