Industry News
As Realtors®, we hold a unique and vital responsibility to uphold ethical standards and legal obligations while fostering a fair and inclusive housing market. Recent settlements highlight the critical importance of adhering to both the National Association of Realtors® (NAR) Code of Ethics and the New Jersey Law Against Discrimination (LAD).
Recent Settlements: A Wake-Up Call
The New Jersey Office of the Attorney General and the Division on Civil Rights have recently reached settlements in four housing discrimination cases involving organizations in NJ. These cases underscore the need for vigilance in preventing discriminatory practices and ensuring compliance with all relevant laws and ethical guidelines.
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WASHINGTON (June 11, 2024) – National Association of Realtors® President Kevin Sears issued the following statement in response to the Department of Veterans Affairs (VA) announcement of a "Buyer-Broker Agent Temporary Local Variance Circular":
"The VA's home loan guaranty is the only program that explicitly bans buyers from directly paying for professional real estate representation. We applaud the VA for revising this policy and allowing veterans and active-duty service members the same advantages as other buyers in a competitive real estate market.
The NAR Research team is a resource for REALTORS®, policymakers, and the public. Our skilled economists produce and analyze a wide range of data, providing the best resources and information on real estate.
- Congressional District and State Reports, State Economic Impact Reports, and Local Market Reports provide data on housing and real estate trends affecting states and localities, and demonstrate the benefits of homeownership and income generated by home sales in local economies.
- Reports on home buying by generations, income levels, and demographic groups analyze market trends and show how homeownership can be a catalyst to building generational wealth.
