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Learn the Law of 3, a strategic tool for real estate leadership

Inman

Take it to the next level with the Law of Three, writes luxury consultant Chris Pollinger, a strategy designed to make your leadership more impactful. You've heard of the Pareto Principle.

Law 176
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FFIEC issues statement of principles for examining appraisal and valuation bias

Housing Wire

The statement is designed to clarify standards by which entities under the purview of individual regulators violate applicable rules and regulations. Institutions are required to comply with laws and regulations, including anti-discrimination laws,” the statement read.

Valuation 417
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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

Back on April 19th , I wrote about the New York AMC law in my Housing Notes newsletter. After years of AMCs chipping away at the public trust, the New York AMC law was designed to protect the consumer. Here is the NYS "AMC Law" as a PDF or in plain text on the landing page of the law. No, it isn't.

Law 367
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‘Clean-Slate’ Laws, Bad Policy Could Dispatch More Felons to Borrowers’ Homes

Appraiserblogs

New, progressive laws designed to conceal felony convictions. million armed robbery of a… FNMA Property Data Collectors Program Violates WV Law The Fannie Mae Property Data Collectors program seems to have run afoul of West Virginia law. The broker alerted the bank and the National Association of Realtors.

Law 133
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Real estate industry is in flux after shocking guilty verdict in commission lawsuit trial

Housing Wire

One thing possibly preventing Bough from taking the second option is a specific Missouri state law , which allows for a seller or landlord to “agree that a designated broker may share with another designated broker the compensation paid by the seller or landlord.” It is implied in RESPA as well,” Trepeta said.

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Federal agencies seek input on proposed AVM credibility, integrity rule

Housing Wire

Six federal agencies have requested comment from the public on a newly-proposed rule that is designed to “ensure the credibility and integrity of models used in real estate valuations.” And the design and development of the models and algorithms can reflect the biases and blind spots of the developers.”

Valuation 395
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Opinion: Foreign land ownership legislation and principles for protecting property rights

Housing Wire

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

Law 406