I read all over the internet about the new MARS rules, that wont be enforced to agents in good standing with their local boards.
This is a great news for us, before MARS required us to make several disclosures and we were not allow to collect any retainer fees.
The new rules:
Real estate agents who are in good standing under state licensing requirements, in compliance with state real estate laws, and assisting homeowners in obtaining short sales are no longer required to provide the MARS disclosures.
These agents may also collect advance fees.
Deceptive practices and false statements will still be prohibited by the FTC.
The FTC’s stay only applies to short sales and does not affect agents providing assistance with other types of relief such as loan modifications.