Real estate wire fraud is the diversion of closing funds by an attacker who impersonates a party to the transaction, usually by email, and supplies fraudulent wire instructions to the buyer. In federal reporting it is generally counted under business email compromise.
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Unlicensed assistant rules are the state-level provisions that determine which real estate activities a person without a licence may perform on behalf of a licensee. They are the rules that set the scope of practice for an unlicensed transaction coordinator, and they differ from state to state.
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The NAR settlement is the $418 million agreement the National Association of REALTORS reached on 15 March 2024 to resolve the Sitzer/Burnett commission litigation. Its practice changes, effective 17 August 2024, altered how buyer representation and compensation are documented.
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The Certified Transaction Coordinator (CTC) designation from the California Association of REALTORS is the only formally recognised credential for transaction coordinators. It requires 17 or more hours of coursework, is open to licensed and unlicensed coordinators, and renews every two years.
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Transaction management software is the category of platforms coordinators use to run files: checklists and deadlines, document storage and compliance review, e-signature, and client communication. The market splits between brokerage compliance systems, coordinator-first workflow tools and newer AI-native entrants.
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