The National Association of REALTORS® Legal Affairs has identified five trending residential real estate legal issues for 2014. The five issues, including medical marijuana, each issue present their own set of concerns and NAR has made a video to better prepare you for dealing with these issues.
Issues like medical marijuana can have a differing impact from state to state. For example, Michigan law may differ from other states where medical marijuana is decriminalized. In those states where use is decriminalized, landlords and their rental agents have a disclosure issue on their hands. The landlord has to decide whether or not the rental property accommodates marijuana use, and if so, the rental agent has to be sure to adequately disclose the policy to prospective tenants.
Read more on how these trending legal issues may have an impact on residential real estate.