As many, many people are finding out.I'll also add that I put more stock in the Case Shiller data than in NAR data.

Because NAR and most agents would be out of a job!

There is some sort of short sale certification from NAR.

Well, according to NAR - National Association of Realtors (and we all know they are never wrong . . .) people who sell their home with a Realtor get more money for their home compared to FSBO's.

There may not be a law but if you want to remain in good standing with the NAR, you should disclose. https://www.nar.realtor/sites/...

I have read Trendmls and NAR guidelines and would fully comply.

Doesn't "Realtor" mean you're a member of NAR?

Each state will have its own requirements.Thinking about the why is this true, makes me think that it's another economic law as well as watching out for consumers, that the NAR would not be wild about an MLS type service for FSBOs or others as competition, so I would expect to find similar restrictions.

I believe I read a report recently that NAR projects that 60%+ of transaction in 2011 will be short sales, leaving the other 40% to reo, retail and what not.So, to answer your question (IMO), REO brokers have had to go back to basic real estate.

All electric rewired in base, (ties into old going up) breakers installed in 2nd unit, wireless smoke det, water tank '10, plumbing '08 (copper with galv) carpet '08, most major work done, quite a few of little things need work, owner is doing that now.Taxes $2500Ins ?