NAR Remains a Big Player in Real Estate Industry
NAR shows once again its political power of persuasion in the real estate industry. The latest triumph is HUD reporting yesterday afternoon to NAR they will reissue the July Mortgagee Letter and remove all dual agency language (Part Three of the PFS Participation Requirements) that was to be implemented October 1, 2013. NAR will continue discussions with HUD agency officials on a formal solution, but for now this will do. Read more about HUD removing dual agency restrictions.