Key Takeaways
- MLS compliance includes accurate data, proper status updates, and adherence to Clear Cooperation Policy.
- Real estate advertising must comply with Fair Housing, TILA, and state licensing requirements across all channels.
- Tenant-occupied property sales require proper notification, showing procedures, and security deposit handling.
- Social media advertising is subject to the same regulations as traditional real estate advertising.
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Test Your Knowledge
1.Which federal law requires specific property disclosures for homes built before 1978?
2.What is RESPA's primary consumer protection in real estate transactions?
3.What is the consequence of Fair Housing Act violations in property listings?