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Home / News / Banking and Finance / Real estate agents don’t have to follow federal rule affecting short sales (access required)

Real estate agents don’t have to follow federal rule affecting short sales (access required)

NC industry officials confused about MARS change

When the Federal Trade Commission created the Mortgage Assistance Relief Services rules in December, it caused a stink in the real estate community. MARS was formed in response to mortgage scams, specifically those involving loan modifications. Real estate agents, in particular, did not like some of MARS’ requirements, such as ones requiring that they make certain disclosures. ...

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