Description should include defining and distinguishing among
Description also should include a discussion of any potential penalties.
DPOR correlations: 18VAC135-20-400. 22 (Regulatory statutes); 18VAC135-20-400. 23 (Housing legislation); 18VAC135-20-400. 24 (Fair housing statutes)
Process/Skill Questions:
- Should a real estate agency provide mortgage lending information to its clients?
- What are the legal ramifications of breaking a mortgage lending regulation?
- What advice should real estate salespeople provide their clients regarding legal regulations?
- How should real estate salespeople report any law infringements they encounter?
- Whom should real estate agencies recommend buyers and sellers consult with mortgage questions?