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The Federal Trade Commission ("FTC") has issued a final rule that may impact real estate professionals who represent clients involvedin a short sale transaction. Depending on certain factors, the rules may require real estate professionals to make certain disclosures toconsumers if they negotiate a short sale with a lender, advertise short sales experience, or take upfront fees from short sale sellers.The MARS rules took full effect on January 31,2011- click here to view the MARS rule.
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