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Home » Store » News » Authority to Require New Disclosures in Upcoming Proposal Could Face Serious Legal Challenges, Industry Lawyers Say

Authority to Require New Disclosures in Upcoming Proposal Could Face Serious Legal Challenges, Industry Lawyers Say

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The Department of Housing and Urban Development appears to be in a quandary over whether it can mandate new broker fee disclosures – such as an exact compensation amount up front – beyond its exemption authority under the Real Estate Settlement Procedures Act. HUD officials have declined to discuss specifics about the issue. But industry lawyers say the agency could face a challenge if, in its forthcoming proposed rule, it were to require new
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