RESPA: Real Estate Settlement Procedures Act - Federal law governing real estate transactions and settlement processes
Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, familial status, or disability
Americans with Disabilities Act: Federal law ensuring equal access and preventing discrimination against individuals with disabilities in real estate transactions
Truth in Lending Act: Federal law requiring disclosure of credit terms and standardizing how costs associated with borrowing are calculated and disclosed
FTC Regulations: Federal Trade Commission regulations governing advertising, marketing, and consumer protection in real estate transactions
State Real Estate Licensing Laws: State-specific regulations governing the licensing and conduct of real estate professionals
State Disclosure Requirements: State-mandated disclosures regarding property condition, defects, and other material facts
State Consumer Protection Laws: State-specific laws protecting consumers in real estate transactions from unfair or deceptive practices
State Agency Relationship Laws: Laws governing the relationship between real estate agents and their clients, including fiduciary duties and responsibilities
State Contract Laws: State-specific laws governing the formation, execution, and enforcement of contracts
NAR Code of Ethics: National Association of REALTORSยฎ professional standards and ethical requirements for member agents
State Real Estate Commission Rules: Regulatory requirements and professional standards set by state real estate commissions
MLS Rules: Multiple Listing Service requirements for listing properties and conducting real estate transactions
Duration Provisions: Contract terms specifying the length of the listing agreement and any renewal conditions
Commission Structure: Terms defining the agent's compensation, including commission rates and payment conditions
Agent Authority Scope: Defined parameters of the agent's authority to act on behalf of the seller
Seller Obligations: Contractual requirements and responsibilities of the seller during the listing period
Property Description Requirements: Specifications for accurately describing and pricing the property
Marketing Requirements: Terms specifying required marketing activities and promotional strategies
Dual Agency Provisions: Terms governing situations where the agent represents both buyer and seller
Termination Clauses: Conditions and procedures for early termination of the listing agreement
Dispute Resolution: Procedures and mechanisms for resolving disputes between parties to the agreement
