The following Field Guides have recently been updated in the Library:
Water Rights & Resource Issues
Mark Twain said, “Whiskey is for drinking and water is for fighting over.” Indeed, water rights have been a source of conflict and controversy throughout the history of the world. Ever expanding populations and resulting development continue to exacerbate the debate, particularly in the American West. Find resources, statistics, an A to Z water glossary and more on this field guide.
Thinking about investing in multi-family property? Apartment buildings, condominiums, rental housing… all of these can be lucrative investments. Or they can be disastrous money pits. In this field guide you will find articles discussing the basics of investing in multi-family properties, market trends, and property management tips.
Real Estate Settlement Procedures Act (RESPA)
The Real Estate Settlement Procedures Act (RESPA) was signed into law in December 1974, and became effective on June 20, 1975. The law has gone through a number of changes and amendments since then, all with the intent of informing consumers of their settlement costs and prohibiting kickbacks that can increase the cost of obtaining a mortgage.
RESPA covers loans secured with a mortgage placed on one-to-four family residential properties. Originally enforced by the U.S. Department of Housing & Urban Development (HUD), RESPA enforcement responsibilities were assumed by the Consumer Financial Protection Bureau (CFPB) when it was created in 2011.
This Field Guide features resources to help real estate professionals understand RESPA, navigate RESPA marketing service agreements, and more.
Credit scoring has become a serious issue in the lending community and it can affect your ability to obtain or refinance your next mortgage. Credit scoring systems can gauge a mortgage applicant’s credit rating and assign an interest rate and risk value based upon information provided in the loan application. Credit scoring offers several advantages. It provides quick recommendations while taking human judgment out of the equation. Credit scoring also is extremely efficient and, usually, inexpensive. This updated field guide includes articles and books relating to credit scoring.
Mediation & Conflict Resolution
Traditionally, real estate industry disputes rely on negotiation for solutions. If negotiation fails, litigation is often initiated. Mediation involves the skillful intervention of a third-party professional to help resolve disputes that arise between two or more parties. This page includes a variety of resources, including articles, website links, books and other sources relating to mediation, conflict resolution, arbitration and dispute resolution.
Errors & Omissions (E&O) Insurance
The ever-increasing complexities of real estate transactions and the rising use of litigation have prompted a need for errors and omissions (E&O) insurance programs to reduce the risk to sales associates and the real estate firms they represent against potential lawsuits. The following items address E&O and professional liability insurance, answering many of the questions REALTORS® may have about how E&O insurance works and how to choose a provider. Some state associations also have carriers they recommend (please check with your state association for this information). Please see this list for additional Errors & Omission Insurance Providers.
You meet lots of people in the real estate business—some nice and some not so nice. Learn how to protect yourself at open houses and in the car. Get safety tips, handouts, and posters from the National Association of REALTORS® and REALTOR® Associations.
Effective Online Marketing
An online presence is a vital component of a real estate professional’s marketing strategy. Because today’s consumers want accurate information quickly and conveniently, real estate professionals must harness the features and capabilities of online marketing to meet these ever-increasing needs. In this field guide you will find an overview of online marketing basics, tips on marketing your website, and information on how to use email and blogging. You will also find NAR’s trademark and policy issues, as well as a variety of useful websites that can take your internet marketing to new heights.