Housing Wire

AUGUST 13, 2024

So, you need to have the conversation again at the time of making the offer and then again when the contract comes back. Although some buy-side agents are weary of discussing their compensation with clients, industry leaders say that negotiating compensation is no different than any of the other negotiations agents regularly engage in.

Clients 482

Clients Agents Buyers Sellers 482

Housing Wire

DECEMBER 27, 2024

However, most teams are built with the same objectives playing to each individuals strengths to provide top-tier service to their clients. This can sometimes take the focus off client service, though it doesnt have to. This enables the team to handle more clients and close more deals than any individual agent could do alone.

Real Estate 418

Real Estate Tools Agents Real Estate Agent 418

Appraisal Buzz

FEBRUARY 24, 2025

Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents. If you want to be your own boss, it also requires business acumen. quickly ) , as well as do so using a variety of sources.

Real Estate 335

Real Estate Development Appraisal Legal 335

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

Loan Officers 482

Loan Officers Clients Law Legal 482

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.

Buyers 480

Buyers Contracts Agents Realtors 480

Housing Wire

AUGUST 9, 2024

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.

Real Estate 448

Real Estate Advertising Legal Agents 448

Housing Wire

AUGUST 30, 2024

Sitzer’s legal action not only resulted in financial settlements, but also business practice changes that went into effect earlier this month , the most notable of which are the removal of buyer broker compensation from the MLS and mandatory buyer broker agreements. and Canada.

Real Estate 459

Real Estate Legal Real Estate Agent Brokerage 459

Housing Wire

MARCH 18, 2024

million to Black Knight Servicing Technologies , concluding a five-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry. million in damages related to a breach of contract claim, plus interest and attorneys fees. PennyMac Financial Services has paid $158.4

Legal 448

Legal Contracts Technology Development 448

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 370

Real Estate Legal Clients Brokerage 370

Housing Wire

APRIL 1, 2025

On March 13, 2024, Featherston knowingly misrepresented that a team member had [the property] under contract, when in fact she had submitted an offer for her own buyer, thereby concealing a clear conflict of interest and acting in bad faith, the complaint states. Ammann claims that a similar chain of events happened with another property.

Agents 255

Agents Realty Advertising Contracts 255

Housing Wire

FEBRUARY 18, 2025

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 261

Contracts Advertising Real Estate Agent Mortgage 261

Housing Wire

NOVEMBER 16, 2023

As the Sitzer/Burnett case may well show, most listing agents are trained to steer their clients to offers that support this dynamic. Realtors are able to modify select provisions in the contract form as they negotiate on behalf of their clients. Talk about a conflict of interest.

Realtors 448

Realtors Contracts Real Estate Agents 448

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 448

Contracts Brokerage Law Real Estate Agent 448

GoForrmz

MARCH 11, 2025

Faster, smarter client intake for consultants with GoFormz Here at GoFormz, we understand that client onboarding is crucial for consultants. By digitizing your client intake process, you can collect information faster, ensure accuracy, and improve security all while delivering a professional and convenient experience for your clients.

Clients 78

Clients Legal Contracts 78

Housing Wire

JUNE 13, 2024

In an analysis of more than 100 real estate wire fraud cases, CertifID found that the most common wire fraud-related legal liability issues for real estate firms are negligence, breach of contract, deceptive business practices and breach of fiduciary duty. As a custodian of funds, you are in a position of trust and knowledge.

Real Estate 459

Real Estate Insurance Legal Training 459

Housing Wire

SEPTEMBER 3, 2024

Mr. Cooper filed the lawsuit against ACI Payments in September 2023 , alleging breach of contract, misappropriation of confidential information and ordinary negligence, among other accusations. In addition, it faced legal fees due to 10 class-action lawsuits and at least two individual lawsuits. ACI did not admit any wrongdoing.

Legal Fees 448

Legal Fees Mortgage Legal Contracts 448

Housing Wire

AUGUST 2, 2024

He said that CoreLogic uses data to create sources of truth for clients to make accurate decisions. CoreLogic ensures that its data is used under the proper legal contracts and obligations. Next, the conversation shifts to how CoreLogic’s clients can utilize AI solutions in their business processes. Risk factors.

Real Estate 468

Real Estate Clients Tools Real Estate Agent 468

Housing Wire

MARCH 11, 2022

accessing “password-protected” company computers to steal client data. According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber’s contract was terminated on Feb.

Real Estate 370

Real Estate Realty Real Estate Agent Contracts 370

Housing Wire

FEBRUARY 26, 2025

There is also a requirement that a client must seek independent legal advice before taking out a loan. In 2012, the Australian government introduced high levels of regulation, including negative equity protection on all new reverse mortgage contracts, which helped to counter negative perceptions. appears encouraging.

Mortgage 321

Mortgage Government Development Business 321

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. Legal disputes.

Real Estate 435

Real Estate Legal Tenants Clients 435

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. That’s not the Orange County, California-based lender’s only poaching legal battle. A Movement representative did not return a request for comments.

Retail 448

Retail Contracts Legal Business 448

Housing Wire

APRIL 15, 2024

Some agents also reported that they show their seller clients what other sellers in the area were offering in terms of buy-side commissions. “I I would highlight that the real estate industry operates within legal frameworks and regulations to ensure fairness and transparency in transactions. “I

Inventory 448

Inventory Agents Real Estate Sellers 448

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.” Local associations of NAR in Utah encouraged agents to steer clients away from Homie—one of their own members.”

Realtors 482

Realtors Buyers Real Estate Brokerage 482

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan. It is kind of like dating,” Sax said. “So,

Buyers 497

Buyers Contracts Real Estate Agents 497

Housing Wire

APRIL 30, 2024

Under the terms of NAR’s settlement agreement, agents will have to have a written agreement with a client in order to work with them as a buyer broker. On Tuesday, Zillow announced that it will be offering a nonexclusive contract for buyers and agents to use for home tours ahead of the rule changes being implemented in July.

Buyers 521

Buyers Agents Clients Realtors 521

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.”

Contracts 435

Contracts Brokerage Law Real Estate Agent 435

Housing Wire

JANUARY 31, 2025

It protects you from potential legal claims that a mistake on your part caused someone financial harm. It can also give your clients peace of mind to know youve planned for any incidents. E&O insurance covers losses your client may experience, but can also help you and your business by paying legal expenses and managing claims.

Real Estate 326

Real Estate Brokerage Insurance Legal 326

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.

Legal 370

Legal Brokerage Real Estate Agents 370

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. In addition, the contract stipulated that agents must join their local Realtor association.

Law 459

Law Agents Realtors Contracts 459

Housing Wire

DECEMBER 21, 2022

A representative for CrossCountry told HousingWire, “As a matter of practice, we do not comment on legal matters.” . Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”.

Legal 435

Legal Loan Officers Contracts Business 435

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

SEPTEMBER 26, 2023

In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits. Instead of using deidentified or dummy data, it used actual consumer data from Mr. Cooper’s clients, such as names and bank account details. Mr. Cooper alleges the incident made media headlines nationwide, damaging its reputation.

Mortgage 434

Mortgage Legal Fees Legal Contracts 434

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. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 370

Contracts Investing Brokerage Mortgage 370

Housing Wire

SEPTEMBER 17, 2024

“Everyone is adapting and coming up with business models and trying to settle in, and I think we are going to know a lot more about how this is going to really work a year from now,” said Matt Johnson, NHAR’s legal counsel. “So, If you want to go any further, then we’ll have to enter into a contract.”

Agents 448

Agents Sellers Buyers Realtors 448

Housing Wire

MAY 4, 2021

“And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Based in Florida, ProperSign is following the wave of notarization companies that are moving their entire process online.

Tools 386

Tools Human Resources Technology Real Estate 386

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 434

Real Estate Contracts Law Real Estate Agent 434

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. MLS system underpins that American Dream, and I have hundreds of clients who would agree. experience.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397