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NAR Updates Code of Ethics

NAR Updates Code of Ethics

At NAR’s latest Legislative Meetings in June, the Professional Standards Committee recommend changes which were then ratified by both the NAR Executive Committee and Board of Directors. The new language, 1) creates a more specific definition of “harassment,” aligning with the definition in the NAR Member Code of Conduct, and 2) focuses Article 10’s—along with…

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SF Court Strikes Down Residential Vacancy Tax

Yesterday morning, the San Francisco Superior Court struck down the residential vacancy tax in San Francisco. The Superior Court found that the vacancy tax violated the Constitution as an unlawful afford to the Takings Clause, Substantive Due Process, and Equal Protection; and is an unlawful burden on privacy interests and is pre-empted by the state’s…

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Legal Quick Guide:

 Are Agents Independent Contractors or Employees?  U.S. Department of Labor’s New Regulations: Effective March 11, 2024  Under California law, as clarified in 2020 in Assembly Bill 5, a real estate licensee is an independent contractor if: The individual has a real estate license  Compensation is based on output rather than hours worked and  A written contract between the…

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