Posts tagged: Florida Real Estate News

HUD Removes Ban on Dual Agency in Short Sale Transactions

By , September 26, 2013

Thank you to the National Association of Realtors ® (NAR) for their recent announcement on their website announcing that HUD will remove dual agency restrictions in short sale transactions. This is amazing news considering some states like the State of Washington allows for dual agency while others do not.

If HUD were to ban dual agency in short sale transactions then it would violate states rights. This would be problematic for states like the State of Washington which allows for dual agency. The State of Florida strictly forbids dual agency throughout the State of Florida so this is not an issue for those of us in Florida. However for those in states which allows for dual agency it would be problematic.

Their press release can be seen at the National Association of Realtors ® (NAR) website here: http://www.realtor.org/articles/hud-removes-dual-agency-restrictions