Sunday, November 23, 2014

NAR: Realtors Should be Aware of Potential Impact of Marijuana Laws

More than half of the nation's one million real estate agents reside in jurisdictions with laws that allow for medical or recreational use of marijuana, which conflicts with federal law and has potential impacts on all types of real estate transactions, from residential and commercial brokerage to property management and leasing.

That's according to panelists at the National Association of Realtors' "Medical Marijuana Laws Impact all Real Estate Transactions" session during the 2014 REALTORS Conference & Expo. While NAR has no policy or position on the issue, it's important for agents nationwide to be up-to-date on the laws in their jurisdiction since there could be legal and financial implications for their real estate-related transactions and the clients they are helping buy, sell or lease properties.

Read more...  http://www.nationalmortgageprofessional.com/news66167/nar-realtors-should-be-aware-potential-impact-marijuana-laws