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

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Business Sellers Realtors Buyers 468

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

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Contracts Loan Officers Best Value Legal 397

Housing Wire

APRIL 22, 2024

Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. In fact, the sweet spot for acquisitions over the next couple of years is going to be the small one-office brokerage firms.” My advice is to start simple.

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Brokerage Real Estate Agents Sellers 464

Housing Wire

MARCH 5, 2025

Keller Williams legal battle with former CEO John Davis is heating up. Davis own legal battle with his former employer began because of sexual misconduct allegations made against him by Inga Dow, the CEO of various Keller Williams offices, in 2022, three years after he left the firm.

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Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. Three agents formerly affiliated with Keller Williams Realty — Jerri L.

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Brokerage Legal Agents Realty 511

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 374

Contracts Legal Sellers Brokerage 374

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.

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Realty Contracts Legal Brokerage 448

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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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.

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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.

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Brokerage Legal Agents Contracts 446

Housing Wire

AUGUST 22, 2024

In the complaint, Homie claims that it is bringing this legal action to “recover the damages…suffered as an excluded competitor foreclosed by the Defendants’ conduct from effective competition in the relevant market.” For example, of the top 10 brokerages by closed sides in 2013, only three remain in the top 10 in 2023.

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Realtors Buyers Brokerage Real Estate 482

Housing Wire

JANUARY 31, 2025

It protects you from potential legal claims that a mistake on your part caused someone financial harm. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims. Today, I lead one of Colorado’s most successful Keller Williams brokerages.

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Real Estate Brokerage Insurance Legal 291

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.

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Housing Wire

JANUARY 30, 2025

While many real estate brokerages have made the choice to settle the commission lawsuits including Side and JPAR just this week others are still attempting to fight. 31, 2019, and the present. The filings made by the other defendants contained similar denials of wrongdoing, but things differed slightly in the various defenses they offered.

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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

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Brokerage Real Estate Realtors Agents 476

Housing Wire

FEBRUARY 10, 2025

The defendants also address Eytalis claims of breach of contract and unjust enrichment, saying that neither are supported by fact. They note that the alleged breach-of-contract claim is premised on certain actions taken supposedly in violation of WFARs bylaws.

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Realtors Real Estate Contracts Agents 286

Housing Wire

JANUARY 6, 2025

Berkshire Hathaway Energy (BHE), the parent company of real estate brokerage firm HomeServices of America , has asked Judge Stephen R. Additionally, BHE claims that under the Federal Arbitration Act, arbitration agreements are legally enforceable.

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Contracts Law Legal Real Estate 425

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.

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Contracts Brokerage Law Real Estate Agent 448

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 448

Brokerage Agents Sellers Buyers 448

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 437

Mortgage Law Brokerage Legal 437

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 472

Housing Wire

DECEMBER 27, 2024

They handle property searches, showings, and contract negotiations. Team commission splits are typically lower than those of a traditional brokerage for an individual agent. This can be attributed to teams providing additional resources that brokerages dont like a consistent flow of leads, technology and administrative support.

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Real Estate Tools Agents Real Estate Agent 418

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.

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Agents Brokerage Real Estate Agent Real Estate 418

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 174

Contracts Realty Legal Brokerage 174

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.

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Real Estate Legal Clients Brokerage 368

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.

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Legal Brokerage Real Estate Agents 369

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 435

Contracts Brokerage Law Real Estate Agent 435

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 432

Contracts Legal Technology Real Estate 432

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 370

Brokerage Contracts Legal Business 370

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.

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Contracts Loan Officers Lending Retail 468

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 448

Realtors Contracts Real Estate Agents 448

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 397

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 391

Brokerage Agents Realtors Legal 391

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.”

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Clients Agents Buyers Sellers 482

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.

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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.

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Realty Real Estate Agent Legal Real Estate 476

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.

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Real Estate Agent Real Estate Agents Business 448