Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. Under now-bankrupt brokerage MV Realty’s right-to-list agreement — which it calls a Homeowner Benefit Agreement (HBA) — a homeowner signs over the right to list their home for the next 40 years to MV Realty in exchange for a cash payment.

Realty 385

Realty Contracts Legal Brokerage 385

Housing Wire

APRIL 9, 2024

In the past few weeks, seven agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, and Penny Alper — took legal action against the real estate brokerage by filing seven separate class-action lawsuits. An incentive to go back to Keller Williams remained.

Brokerage 415

Brokerage Agents Legal Real Estate 415

Housing Wire

MAY 3, 2021

Filed last week in California state courts, the lawsuit is the latest legal drama involving Compass, the New York City-headquartered residential brokerage. The couple allege that the brokerage lured them in 2018 with the promise of a signing bonus, marketing budget, and office space. The second-largest brokerage in the U.S.

Agents 417

Agents Brokerage Real Estate Agent Real Estate 417

Housing Wire

AUGUST 12, 2024

Many brokerage firms are trepidatiously moving to a model with no cooperative compensation in light of the impending business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. Peter Voss at 3% Listing Co. is wondering what took them all so long to make the switch.

Brokerage 421

Brokerage Agents Sellers Buyers 421

Housing Wire

OCTOBER 7, 2024

The agreement allows a broker to own the listing contract, but REcolorado will own the listing’s record, potentially giving REcolorado the right to deny an agent’s ability to download and sell their listings. And some major brokerages have had loose conversations about taking legal action or joining a competing MLS. “It

Brokerage 431

Brokerage Real Estate Realtors Agents 431

Housing Wire

JUNE 26, 2024

mortgage brokerage firm, with 2,570 licensed loan officers and 239 active branches, per the Nationwide Multistate Licensing System ( NMLS ). Grella reportedly told the seller and title company that he did not consent to the purchase, which was required by a member-unanimity rule of NEXA’s operating agreement.

Contracts 266

Contracts Legal Sellers Brokerage 266

Housing Wire

SEPTEMBER 16, 2024

Keller Williams ‘ legal worries just got a little lighter. In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC. The changes had been slated to go into effect in July 2024.

Brokerage 382

Brokerage Legal Design Agents 382

Housing Wire

SEPTEMBER 24, 2024

mortgage lender United Wholesale Mortgage (UWM) this week won a three-year legal battle with a mortgage brokerage firm. The brokerage, which refused to do so, accused UWM of monopolizing the wholesale mortgage market. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

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Brokerage Contracts Legal Mortgage 340

Inman

SEPTEMBER 25, 2024

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as "predatory."

Contracts 163

Contracts Realty Legal Brokerage 163

Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). The complaint cites a report by the Community Legal Services of Lehigh Valley , which found that minority members of NAR have been subjected to unequal enforcement of ethical standards.

Realtors 430

Realtors Legal Real Estate Law 430

Housing Wire

APRIL 4, 2024

Davis — took legal action against the real estate brokerage by filing six separate class-action lawsuits. Alper’s complaint challenges adjustments made to Keller Williams’ profit-sharing program and includes charges of breach of contract, declaratory judgment and unjust enrichment. Moulder, David L. Bueker, Robert E.

Brokerage 337

Brokerage Legal Agents Contracts 337

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 385

Contracts Brokerage Law Real Estate Agent 385

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Therefore, we will follow the agreed upon contract and win damages.” UWM sued Kevron Investments Inc.

Contracts 436

Contracts Loan Officers Lending Retail 436

Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 376

Contracts Brokerage Law Real Estate Agent 376

Housing Wire

NOVEMBER 1, 2024

citizen or legal resident and be 18 years of age or older. This course covers real estate law, contracts, finance and ethics. Now, it’s time to join a brokerage. Depending on the brokerage, agents may pay anywhere from $25-$500 per month to be a part of the brokerage. Generally, you need to be a U.S.

Real Estate 440

Real Estate Real Estate Agent Agents Brokerage 440

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Buyers Contracts Agents Realtors 364

Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge. And at Anywhere, Yannaccone said that goal is twofold.

Legal 282

Legal Brokerage Real Estate Agents 282

Housing Wire

MAY 3, 2021

REX replied to the legal filing in a company statement Monday. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales. Zillow and NAR can’t continue to stifle consumer choice,” the statement read.

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Brokerage Agents Advertising Legal 396

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. UWM sued Kevron Investments Inc.,

Mortgage 328

Mortgage Law Brokerage Legal 328

Housing Wire

OCTOBER 2, 2023

Most brokerages are only a loose affiliation of independent agents, and none of us wants to impose a policy that could alienate any of the people who generate our revenue.” In leaving NAR, the brokerage said it will explore other ways to achieve those goals. Despite this decision, Redfin said that in roughly half of the U.S.,

Brokerage 390

Brokerage Agents Realtors Legal 390

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397

Housing Wire

SEPTEMBER 25, 2023

The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts. In addition, the Florida-based firm has been essentially banned from operating in 14 states through legislation.

Realty 475

Realty Real Estate Agent Legal Real Estate 475

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 403

Realtors Contracts Real Estate Agents 403

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months.

Real Estate 271

Real Estate Legal Clients Brokerage 271

Housing Wire

JUNE 6, 2023

The settlement, reached on June 5, dismissed the lawsuit with prejudice, requiring Mid Valley to pay $40,000 to UWM, as the brokerage firm acknowledges that it sent loans to Rocket and/or Fairway after the ultimatum was in effect. The lender also sued Californian brokerage shop Kevron Investments Inc.

Brokerage 301

Brokerage Contracts Legal Business 301

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. The disputes involve Californian brokerage shops Kevron Investments Inc. and Mid Valley Funding & Inv. Inc and a request of $420,000 in damages. .

Contracts 363

Contracts Brokerage Investing Mortgage 363

Housing Wire

AUGUST 13, 2024

As more brokerages and agents contemplate moving away from a cooperative compensation model , many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? You have to make sure you are on the same page.”

Clients 434

Clients Agents Buyers Sellers 434

Housing Wire

OCTOBER 3, 2024

What began as a legal battle between two companies that previously worked together on a Keller Williams technology platform has recently expanded to include industry veteran Josh Team. In order to do this, Team formed EMC, and a former colleague formed Aika, which subsequently obtained a contract to build the software for KW.

Contracts 334

Contracts Legal Technology Real Estate 334

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. The day started with video depositions of four real estate brokerage executives.

Law 424

Law Agents Realtors Contracts 424

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. The Campolis allege that the Bulls failed to deposit $100,000 in earnest money as agreed to in the contract, instead forging documentation falsely showing that the money had been deposited.

Realty 305

Realty Real Estate Advertising Agents 305

Housing Wire

OCTOBER 28, 2024

The filing also takes aim at the touring and showing agreements some brokers and agents are initially using with buyers before they enter into a more formal contract. She expanded on this in her legal objection. “If

Business 428

Business Sellers Realtors Buyers 428

Housing Wire

NOVEMBER 8, 2024

White-label brokerage Side keeps turning the screws on Official Partners and the Alexander brothers. Side claims the defendants have breached contracts between the two parties that were extended in August 2022. The filing is the latest turn in a lawsuit filed by Side in October against the brothers and Official Partners.

Legal Fees 281

Legal Fees Legal Real Estate Brokerage 281

Housing Wire

JULY 17, 2024

This new approach will likely be welcomed by many REO brokerages and real estate professionals. Brokerages specializing in REO transactions are already required to be proactive, knowledgeable about default and REO compliance matters as well as familiar with a wide range of resources for disadvantaged or first time home buyers.

Real Estate 492

Real Estate Agents Training Buyers 492

Housing Wire

AUGUST 1, 2024

They also brought in a forms specialist, who really dug into the new forms to really explain them to us, so we know when and how to use each one and so we can explain the contracts to our clients in plain English.” Training on forms has been a central focus of brokerages across the country. And the agents are scared,” Lamacchia said.

Real Estate Agent 389

Real Estate Agent Real Estate Agents Business 389

Housing Wire

MARCH 22, 2024

For the most part we are saying, at a minimum, we want a four- to six-month contract because the buying process can be a lengthy process,” said Amy Breach, a broker with the Seattle-based and Keller Williams -branded The Hill Team. But the Washington state contracts come with the option to make the relationship exclusive or nonexclusive.

Buyers 476

Buyers Contracts Real Estate Agents 476

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143