What constitutes the 'unauthorized practice of law'? | Do the written buyer agreement requirements change my state's disclosure requirements to an unrepresented buyer? | Brands benefit from showing LGBTQIA+ support
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May 21, 2024
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Giving legal advice to clients instead of telling them to consult a lawyer can get you into serious trouble.
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Settlement Answers
Do the written buyer agreement requirements change my state's disclosure requirements to an unrepresented buyer?
No, you must still comply with all your state and local legal requirements. MLS policies and rules are subject to state and local laws and regulations. Get more facts about NAR's proposed settlement agreement at facts.realtor.
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Best Practices in Sales & Marketing
Brands benefit from showing LGBTQIA+ support
(Mircea Iancu/Pixabay)
Nearly 40% of consumers say they're more likely to make a purchase if brands demonstrate LGBTQIA+ support, while 42% of those ages 18 to 34 report feeling positive about brands that feature nonbinary and transgender people in ads, per a report by Horowitz Research. "If LGBTQIA+ rights continue to erode, those companies taking a clear position in support of LGBTQIA+ communities will stand out and likely enjoy strong endorsement from the community," says Horowitz's Adriana Waterston.
Full Story: SmartBrief/Marketing (5/20) 
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Sixty percent of the marketing professionals responding to a study prepared by the CMO Council and Zeta Global Holdings Corporation said AI and generative AI are likely to provide the highest return among their investments this year. Other trends highlighted in the report include aligning segregated functions, improved personalization, the ability to adapt to regional differences and overcoming barriers to achieving revenue goals.
Full Story: Forbes (tiered subscription model) (5/19) 
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Real Estate Trends
Find out where homeowners are likely to face the steepest premium hikes before the end of the year.
Full Story: REALTOR® Magazine (5/20) 
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Butter yellow is a trending color for interior spaces, with designer Shea McGee noting that the tone is "playful and cheerful while also infusing an air of nostalgia."
Full Story: House Beautiful (5/19) 
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NAIOP's index of commercial real estate sentiment reached 52, surpassing 50 for the first time in 18 months. The reading suggests that respondents believe conditions will improve in the next 12 months and that capital will start flowing more easily.
Full Story: GlobeSt (free registration) (5/20) 
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Technology & Innovations
To avoid integration issues, experts advise selecting a single smart home ecosystem and limiting the number of smart devices. They also recommend securing smart devices from hackers to prevent unauthorized access and using smart technology effectively to reduce energy consumption.
Full Story: MakeUseOf (5/20) 
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News from NAR
In a one-day blitz, NAR leaders share local market trends from coast to coast—and reinforce the value of working with a real estate professional who is a REALTOR®.
Full Story: REALTOR® Magazine (5/20) 
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Fair & Equitable Housing
Attorney Scott Settle discusses new legislation aimed at increasing affordable housing in Hawaii, including measures to increase residential housing density, regulate short-term rentals and permit residential use of commercially zoned property. Additionally, a Honolulu City Council proposal seeks to tax vacant properties heavily, and efforts are underway to expand the ALOHA Homes program.
Full Story: KHON-TV (Honolulu) (5/20) 
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Legislation & Regulation
The Federal Housing Administration has increased the maximum processing fee for mortgage assumptions from $900 to $1,800. The $900 limit had been in place since 2016.
Full Story: American Banker (5/20) 
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About The National Association of REALTORS®
The National Association of REALTORS® is America's largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. REALTOR® Magazine is the official magazine of NAR, bringing expert insight to real estate trends, tools, and business strategies.
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