HUD Residential Real Estate Disclosure Act?

Answer The U.S. Department of Housing and Urban Development passed the Real Estate Disclosure Act (RESPA) in 1974 to ban undisclosed incentive payments between real estate agents, lenders, appraisers, tit... Read More »

Top Q&A For: HUD Residential Real Estate Disclosure Act

Real Estate Disclosure Laws in Illinois?

Illinois enacted the Real Property Disclosure Act on October 1, 1994. The consumer protection law protects the buyer by requiring the seller to disclose all known defects of a home. The Real Proper... Read More »

Alabama Real Estate Disclosure Laws?

Effective as of October 1, 1996, the Alabama Real Estate Consumers Agency and Disclosure Act (RECAD), found in § 34-27-80 of the Alabama Code, requires real estate agents and brokers (referred to ... Read More »

Arizona Rules for Disclosure in Real Estate Transactions?

Arizona law requires sellers in real estate transactions to make some specific disclosures to buyers. The law requires sellers to disclose material information about the property whether the buyer ... Read More »

How to Convert Rental Real Estate to Residential and the Tax Implications?

Job transfers and losses are just a couple of the reasons that people convert the primary residence to rental property. Over time, if the situation that caused the property rental changes, the owne... Read More »