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Home » Store » Inside the CFPB » FTC Gives Brokers, Agents a Break On Obtaining Short Sales

FTC Gives Brokers, Agents a Break On Obtaining Short Sales

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Inside the CFPB

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The Federal Trade Commission announced last month that it will not enforce most provisions of its Mortgage Assistance Relief Services rule against real estate brokers and their agents who help struggling homeowners obtain short sales from their lenders or servicers. The stay applies only to real estate professionals who are licensed and in good standing under state licensing requirements; comply with state laws governing the practices of real estate professionals; and assist or attempt to assist consumers in obtaining short sales in the course of securing the sales of their homes. ...
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