Disclosure, anti-trust, RESPA to be highlighted at PAR Business Meetings

NAR’s General Counsel Laurie Janik, Esq. will team with PAR’s Counsel Jim Goldsmith, Esq. to present national trends in broker liability issues at the PAR Business Meetings on Monday, May 24 at 3 p.m. in the Harrisburg Hilton.

Janik will highlight recent national cases involving disclosure, agency law, fair housing, anti-trust and RESPA violations. “These topics seem be issues across the country,” Janik said. “For example, we’re seeing disclosure cases that deal with the obligation to disclose a defect that the homeowner has fixed but has resurfaced with the new owner.”

She will also highlight cases that have been brought to court as a result of the decision in the Busby case last year. The decision handed down on Busby v. JRHBW Realty Inc. d/b/a /RealtySouth found that a $149 “Administrative Brokerage Commission,” often referred to by brokers as an “ABC fee,” was not related to any specific settlement service and was therefore in violation of the Real Estate Settlement Procedures Act (RESPA).

Dale Ross, CEO of NAR’s REALTOR® Property Resource (RPR), will speak at 10 a.m. on Tuesday, May 25. RPR is a nationwide database of all property being created by NAR as a resource for its members.

At 2 p.m. Tuesday, Paul Bishop, NAR vice president of research, will present an economic update.

All REALTORS® are invited to attend the PAR Business Meetings, May 24-26 at the Harrisburg Hilton. There is no cost to attend but online registration at parealtor.org is suggested.

Related posts:

1. Minimize your risk in potential disclosure cases
2. Seller’s disclosure applies to past flooding too

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Tags: business meetings, disclosure, NAR, RESPA, RPR

This entry was posted on Tuesday, May 18th, 2010 at 6:00 am and is filed under Association News, Legal Issues, Member Services. You can follow any responses to this entry through the RSS 2.0 feed.