Archive for October 2024
Dos and Don’ts When Working With Buyers
This resource will help you implement the practice changes and empower you to transact business consistent with the settlement, your ethical duties, and in the best interest of consumers. It is meant to provide clarity about business practices allowed under the settlement, as well as those that are not permitted. NAR members should not engage…
Read MoreWhat is a Cistern?
A cistern is a large container or reservoir used to store water, typically rainwater, for later use. Cisterns can be located above or below ground and are often used in areas where water is scarce or unreliable, or as a way to conserve water. Key Features of a Cistern: Water Collection: Cisterns are commonly used…
Read MoreHUD Guidelines 24 CFR 206.125
HUD Guidelines 24 CFR 206.125 refers to specific regulations under the Department of Housing and Urban Development (HUD) governing the sale of properties that were secured by reverse mortgages insured by the Federal Housing Administration (FHA). This regulation comes into play when a reverse mortgage loan goes into default, or when the borrower has passed…
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