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Massachusetts single-family home sales plummeted in October year-over-year, the Massachusetts Association of Realtors (MAR) reported recently.
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Nov 18, 2022 10:19:30 AM
Massachusetts single-family home sales plummeted in October year-over-year, the Massachusetts Association of Realtors (MAR) reported recently.
Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Buyer Agents
Oct 7, 2013 8:42:00 AM
The U.S. Department of Housing and Urban Development (HUD) issued new guidelines in July that prohibited dual agency in Federal Housing Authority (FHA) short sales; however, after pressure from the National Association of Realtors, HUD announced it has postponed the dual agency guidelines, according to an article in Inman News September 26, 2013
The new rules, revealed through a letter to mortgage servicers in July, were suppose to take effect October 1, 2013 and would have prohibited brokers and agents from representing both buyers and sellers in FHA short sales. The National Association of Realtors (NAR) opposed the new guidelines. HUD's new, now postponed, guidelines state, "To meet [Pre-foreclosure Sales] Addendum requirements, brokers and their agents may only represent the buyer or the seller, but not both parties."
Topics: Real Estate Misc., National Association of Realtors, Short Sales, Massachusetts Association of Buyer Agents
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