The Federal Trade Commission (FTC) has implemented new rules that could have an impact on short sale transactions. These rules, also known as the MARS rules (Mortgage Assistance Relief Services), could require disclosures to potential home buyers that are negotiating a short sale or advertise short sale services as a way to prevent foreclosure.

The final part of the MARS rules began taking effect on January 31, 2011. According to Florida Realtors attorneys, reviewing all the information on the new rules is highly recommended in order to ensure compliance.

For more information on the MARS rules please visit the National Association of Realtors (NAR) website.