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Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

The bill passed the Alabama House of Representatives in mid-February and is currently on the calendar of the state Senates banking and insurance committee for further review. But Ellison said that her agents have not had any issues with clients about these agreements. And that is positive. I think it is a bad move.

Legal 374
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Understanding the Surge in Title Fraud—And How to Prevent It

Appraisal Buzz

Fortunately, there are ways to detect deed fraud attempts early, but mortgage professionals need to be well-informed to protect themselves and their clients. In some cases, AI and other digital tools have also been used to create convincing forgeries of documents or to automate the process of generating fake deeds and other legal documents.

Legal 397
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Incenter Adds New Chief Legal Counsel

Appraisal Buzz

Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. It’s exciting to work with people with a common vision, and to have a meaningful role in moving our clients forward.”

Legal 390
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ALTA: Protecting property rights with title insurance

Housing Wire

For most real estate industry professionals, title insurance needs no introduction. A trusted product , title insurance has been used to protect real estate transactions and property rights for over a century. Title insurance is different than most other insurance products. Diane Tomb, ALTA CEO Contributor.

Insurance 493
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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
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California Realtors discuss post-wildfire changes in Black neighborhoods

Housing Wire

Kalin led a segment on best practices for legal matters that agents may face when assisting Altadena residents. He advised Black agents to maintain an objective approach when working with clients. “Be a resource, be a friend, but don’t be an attorney,” he said.

Realtors 350
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Virginia Realtors: Zillow’s touring agreement may not be legal

Housing Wire

The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker. This agreement must be signed prior to an agent taking a buyer to tour a home.

Legal 378