Law and Policy
What's New
IRS Requires Reporting of Cooperative Commissions
Listing brokers are required to file a 1099-MISC for all real estate commission payments made in excess of $600.
Broker Liable for Inaccurate Garnishment Responses
Nebraska's highest court affirms award because broker should have known that salesperson had closings scheduled during the next sixty days.
NAR-DOJ: Final Settlement Details
Important changes to NAR MLS policies and model rules require action by all MLSs no later than February 15, 2009.
Insurance Program Documents Mailed to Associations
The 2009 policy and other documents for NAR’s Professional Liability Insurance Program REALTOR® associations will be mailed to associations starting on January 5th.
October Podcast: Broker Price Opinions ("BPOs")
REALTOR® Pamela Kinkade discusses the potential risks for real estate professionals when engaging in this activity.
Model Governance Policies for REALTOR® Associations
Associations are adopting policies in preparation for the new Form 990. Click below to view the policies that other associations have already contributed.
Featured Content
Ethics Training Quick Reference Guide
Before 12/31/08, every NAR member is required to complete 2.5 hours of Code of Ethics training. Here's a one-stop tip guide for taking the free, online course.
Code of Ethics Video Series
The fastest and newest way to learn about the NAR Code of Ethics, these videos focus on what separates you, as a REALTOR®, from other real estate professionals.
Mortgage Fraud: Recognizing the Signs
Read about the increasing dangers real estate brokers face from mortgage fraud by reading a new brochure from NAR's Risk Management Committee.
