by Ethan Atkinson | May 19, 2026 | K-O, PropertyPedia
A key lot is a parcel of land situated behind or adjacent to another lot in a manner that creates an irregular relationship between frontage, access, and orientation within a subdivision or urban block. The term is most commonly used in land planning and subdivision...
by Ethan Atkinson | May 17, 2026 | K-O, PropertyPedia
The fiduciary duty of loyalty is one of the highest legal obligations owed by a real estate agent to a client. Under this duty, the agent must place the client’s interests above the agent’s own interests and above the interests of any other party in the transaction....
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The Mortgage Assistance Relief Services (“MARS”) Rule, also known as Regulation O, is a federal consumer protection regulation issued by the Federal Trade Commission (“FTC”) to address deceptive and abusive practices involving mortgage relief and foreclosure rescue...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
A “Non-Qualified Mortgage” (“Non-QM”) is a mortgage loan that does not meet the specific underwriting or product standards established for Qualified Mortgages (“QM”) under federal law and Regulation Z. Non-QM loans are not necessarily unsafe or predatory; rather, they...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The Mortgage Disclosure Improvement Act (“MDIA”) is a federal law enacted in 2008 as an amendment to the Truth in Lending Act (“TILA”) to strengthen consumer protections and improve the timing and accuracy of mortgage disclosures. MDIA was designed to ensure that...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The “Opt-Out Rule” is a consumer privacy requirement established under the Gramm-Leach-Bliley Act (“GLBA”) that gives consumers the right to limit certain sharing of their nonpublic personal information with nonaffiliated third parties. Under this rule, financial...
