Remove Advertising Remove Contracts Remove Legal
article thumbnail

CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Contracts 370
article thumbnail

Anywhere faces racketeering charges in Minnesota lawsuit

Housing Wire

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. The lawsuit, which alleges claims of false advertising, was filed in a U.S. district court in Minnesota by plaintiffs Michael and Lauren Campoli.

Realty 397
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Homebuyer sues eXp, accusing agent of breaching fiduciary duty

Housing Wire

That suit alleges that despite eXp publicly advertising that its agents may not act as contractors who provide home repair or renovation services on properties they represent since doing so would be a conflict of interest Featherston was allowed to serve in both roles in transactions she worked on with Ammann.

Agents 269
article thumbnail

‘Real Estate Insiders’ discuss commission sharing risks and alternate practices

Housing Wire

Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an excellent experience for their clients in an uncertain market. We put their interests above our own and we advise them,” Robinson added.

article thumbnail

Australia, New Zealand-based reverse pros share insights

Housing Wire

In New Zealand, the products are bound by the Credit Contracts and Consumer Finance Act 2003 (CCCFA), which the pair says protects the interests of consumers in connection with credit contracts, consumer leases, and buy-back transactions of land despite not having a specific reverse mortgage provision. counterpart.

Contracts 293
article thumbnail

Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

They handle property searches, showings, and contract negotiations. Marketing specialists: Marketing specialists handle the teams branding and advertising efforts. You may even want to run it by an attorney to ensure it is a fair and legal agreement. Sellers agents: Listing agents specialize in representing sellers.

article thumbnail

A Contract is Born

The Appraiser Coach

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

Contracts 195