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NEAR Legal Guidance Disclosure of Flood Insurance Requirements, Rates, and Rate Increases by Brokers and Agents (Updated April 2, 2014)The BiggertWaters Flood Insurance Reform Act of 2012 (BY Act)
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Who needs NAR legal guidance:

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Real estate professionals: Real estate agents, brokers, and other professionals involved in the industry can benefit from NAR legal guidance to ensure they stay compliant with applicable laws and regulations.
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Homebuyers and sellers: Individuals looking to buy or sell property can seek NAR legal guidance to better understand their rights, obligations, and potential legal issues related to real estate transactions.
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Property owners and landlords: Those who own or rent out property can consult NAR legal guidance to navigate legal matters such as leases, tenant rights, and property management.
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Real estate investors: Individuals or entities engaged in real estate investment can utilize NAR legal guidance to mitigate risks, understand taxation rules, and comply with legal requirements.
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Legal professionals: Attorneys specializing in real estate law can refer to NAR legal guidance for industry-specific insights, updates, and best practices to better serve their clients.
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NAR legal guidance provides advice and assistance on legal issues related to real estate transactions.
Real estate professionals who are members of the National Association of Realtors (NAR) are required to file NAR legal guidance.
NAR legal guidance can be filled out online through the NAR website or with the assistance of a legal advisor.
The purpose of NAR legal guidance is to ensure that real estate professionals comply with legal regulations and standards in their transactions.
NAR legal guidance typically requires information on the specific legal issues faced in a real estate transaction and the actions taken to address them.
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