Real Estate Industry News

How to Keep Up With Real Estate Laws

By Meaghan Loraas Last Updated April 22, 2022 3 min read

The real estate industry is constantly changing. And every real estate professional knows that to stay on top of the industry requires more than just getting your license and some clients; it requires constant education and adaptation. As industry standards change, real estate markets change, and state housing laws vary, a true real estate agent needs to stay informed, licensed, and ahead of the curve. To help with this, we have provided resources that can keep you in the loop and keep you selling.   

Real Estate Law Blogs

There are countless real estate law blogs to be found on the internet. However, we have identified some of the best, most comprehensive collections of real estate law blogs that can serve as a one-stop-shop of all the information you need. 

  1. https://www.nar.realtor/legal

The first resource is the National Association of Realtors’ Legal page. The NAR is always a reliable, helpful source of information for real estate licensees. Many of you most likely are members! But even if you aren’t a member, they have an extensive list of law blogs that anyone can read through. When you go to this page, you will see a long list of legal topics to choose from. 

  1. https://www.texasrealestate.com/members/legal-and-ethics/resources/legal-faqs/

Like the NAR legal directory, this resource from Texas Realtors also provides a long list of blog resources to browse. In the list, you can get answers for questions about rebates, the Americans with Disabilities Act, RESPA, and more. Although this information is from Texas Realtors, the information is intended to help real estate law firms across the nation. 

Laws Regarding Real Estate Licenses

For real estate license laws, we suggest the following:

  1. https://www.texasrealestate.com/members/legal-and-ethics/resources/legal-faq/licensing/

This page details all of the most common questions that real estate agents have about what they are or are not able to do with this license. For example, it answers the common questions agents have about what they can ask their unlicensed assistants to do or if they are able to conduct an auction at a client’s request. 

  1. https://www.nar.realtor/license-reciprocity-license-recognition

For more specific questions about license reciprocity and license recognition, the National Association of Realtors provides information on this page. They include definitions, simple to understand takeaways, and they provide sources for their information if you want to search for even more information on license law. 

  1. https://www.nar.realtor/fraud-negligence-liability

Similarly, the NAR also provides specific information to avoid any instances of fraud and negligence. Real estate professionals know how easy it can be to make a mistake when dealing with all the information that goes into a property, such as interest rates, security deposits, property taxes, etc. So, it is incredibly important to make sure everything is done correctly according to the law. The National Association of Realtors offers further information on identity theft, wire fraud, mortgage fraud, money laundering, and terrorism financing.  

Laws Regarding Real Estate Commissions

  1. https://www.nar.realtor/blogs/culture-scan/how-to-answer-the-commission-question

For questions regarding real estate commissions or how to handle the commission question with home buyers or sellers, this NAR resource can be very helpful. As the article discusses, home buyers and sellers are increasingly viewing real estate commissions as flexible and negotiable, which means the commission question is being asked more and more. Real estate agents have to be ready to answer this question with confidence.   

Laws Regarding Real Estate Investment Properties

  1. https://www.theceshop.com/agent-essentials/blog/what-does-the-fair-housing-act-mean-for-real-estate-agents

Any real estate professional will tell you there is a lot of red tape involved with real estate investment properties, and these laws are constantly changing from state to state. However, real estate agents also understand the extreme importance of fair housing in creating an honest, equitable, and fair market. This resource can help answer any questions you may have about the Fair Housing Act and what it requires of you as a real estate agent.  

Official Realtor Association News

To receive official Realtor Association news, go to https://www.nar.realtor/news-events. This page details all of the news channels, events, and latest news offered by the National Association of Realtors. Also, you can subscribe to their newsletter to have all of this important information sent directly to you.

Additionally the National Association of Realtors also offers many other opportunities for further education. At https://www.nar.realtor/education, you can look through all of the courses and training they have available to members. You can browse through online courses, REALTOR L.E.A.D courses, certifications, and more. If you want to keep learning and advancing in your career, this resource can help you take the next step.