Housing Wire

DECEMBER 18, 2024

Originally filed in October by Maurice Muhammad, a broker at Progressive Realty , the suit claims that NAR, along with other Realtor associations and executives, have violated federal civil rights statutes, engaged in unlawfuldiscriminatorypractices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

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Realtors Contracts Law Realty 397

Housing Wire

JUNE 3, 2024

When California legislators voted in 2021 to eliminate zoning laws that require neighborhoods to have only single-family homes, supporters and detractors alike fiercely argued that it would have a big impact.

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Law Architecture Contracts Housing Market 482

Housing Wire

MAY 6, 2024

and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. We alleged that the law denies access to housing to people from China and these other countries. The suit was filed on Monday in U.S. District Court in Miami.

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Law Real Estate Real Property Contracts 425

Housing Wire

NOVEMBER 18, 2024

Additionally, the Times reported that Goldberg’s contract entitled him to things like memberships to exclusive country clubs, first-class airfare for personal travel, expensive car allowances, money for his dog to travel with him and even tickets to “Hamilton” at the height of the musical’s popularity. told the Times.

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Real Estate Agent Law Realtors Real Estate 370

Housing Wire

OCTOBER 18, 2022

West, of the law firm Frost Brown Todd LLC , wrote that “Sprout and Strauss are no longer working cooperatively with FirstFunding to effectuate the prompt disposition of the Pledged Mortgage Loans and reduction of advances under the Funding Agreement to maximize value.”. However, FirstFunding’s attorney Benjamin A.

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Contracts Law Legal Mortgage 397

Housing Wire

OCTOBER 23, 2023

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. In addition, the contract stipulated that agents must join their local Realtor association.

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Law Agents Realtors Contracts 459

Appraisal Buzz

AUGUST 13, 2024

While the industry is no stranger to predatory and/or unfair lending practices, new advisory opinion and research study on a type of home seller financing known as a “contract for deed” has been released by the Consumer Financial Protection Bureau (CFPB). The CFPB is had a field hearing in St.

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Contracts Investors Sellers Lending 367

Inman

SEPTEMBER 30, 2024

University of Buffalo contracts law professor Tanya Monestier's sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.

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Contracts Law Buyers Realtors 190

Housing Wire

JULY 27, 2022

Two House Appropriations bills recently advanced by House negotiators have included language surrounding Business Email Compromise (BEC) in an effort to promote collaboration between federal and law enforcement agencies and private sector partners in monitoring and reporting for cyber-based crime events.

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Contracts Marketing Law Agents 366

Housing Wire

JANUARY 28, 2025

We transfer ownership by private contract between parties; no advance government approval is required. property rights are established under state rather than federal law, making the shift to a centralized, national land registration system unworkable without a significant rewrite of private property law.

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Housing Wire

FEBRUARY 7, 2025

According to the state Legislature, it has taken testimony from NRMLA, as well as a private citizen in the state who believes the measure can provide protection for seniors against home equity contracts. By 2024, her home was valued at $425,000. This was among the final guidance the bureau issued under former director Rohit Chopra.

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Appraisal Buzz

FEBRUARY 21, 2025

The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. During the rental period, lease-purchase agreements tend to be governed by state landlord-tenant laws.

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Landlords Tenants Contracts Law 221

Housing Wire

JUNE 4, 2024

Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed ”unlawful or unenforceable” terms and conditions in contracts. On Tuesday, the U.S.

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Legal Contracts Law Lending 447

Housing Wire

OCTOBER 28, 2024

After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S.

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Business Sellers Realtors Buyers 468

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

NOVEMBER 1, 2024

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. This course covers real estate law, contracts, finance and ethics. your state’s real estate license exam.

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Real Estate Real Estate Agent Agents Brokerage 448

Inman

MARCH 24, 2025

Alabama Association of Realtors CEO Jeremy Walker said the association was in favor of buyer-broker agreements in general, but felt that requiring one for a home tour put buyers under unnecessary duress, and that the new law would be in the consumer's best interest.

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Law Buyers Contracts Realtors 148

Housing Wire

JANUARY 27, 2025

They wrote that the motion is based on the grounds that Plaintiffs oral contract claims are barred by Plaintiffs written agreement under the merger doctrine. According to the defendants the plaintiffs have failed to identify any actionable fraudulent, unlawful, or unfair conduct.

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Realtors Legal Law Real Estate 351

Housing Wire

JANUARY 30, 2025

In its filing, BHE a subsidiary of Warren Buffetts Berkshire Hathaway denied any liability and the plaintiffs’ allegations that it violated federal antitrust laws. 31, 2019, and the present.

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Real Estate Real Estate Agent Brokerage Law 274

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,

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Buyers Contracts Real Estate Agents 497

Inman

AUGUST 27, 2024

In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer.

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Law Contracts Buyers Agents 193

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 476

Housing Wire

JANUARY 6, 2025

BHE claims that this order contains significant and manifest errors of both fact and law, and that the court failed to provide a ruling on BHEs reasoning for dismissal, such as the absence of any plaintiff who is able to allege a single fact with regard to conduct by BHE. BHE is also asking for an order from the court compelling arbitration.

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Contracts Law Legal Real Estate 429

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.

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Contracts Brokerage Law Real Estate Agent 435

Miller Samuel

APRIL 29, 2020

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

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Contracts Real Estate Agent Inspection Law 195

Housing Wire

JUNE 25, 2024

The analysis of the buyer representation and broker compensation agreement was done by Tanya Monestier, a law professor at the University of Buffalo. Her analysis also notes problematic provisions in CAR’s contract related to dispute resolution, dual agency, commissions owed and buyer cancellation.

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Realtors Buyers Contracts Realty 418

Housing Wire

OCTOBER 3, 2024

The ruling states that EasyKnock’s sale-leaseback agreement was a “valid and enforceable contract,” and the total amount awarded includes back rent owed, late fees and attorneys fees. “We According to legal documents , the couple later asserted that the sale-leaseback contract was a “disguised loan” under Texas law.

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Legal Law Property Taxes Contracts 434

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.

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Real Estate Contracts Law Real Estate Agent 434

Housing Wire

AUGUST 21, 2024

A CFPB order issued on Wednesday mentions violations of mortgage servicing laws and of a previous 2017 order that addresses the same issue. Fay Servicing “failed to implement the 2017 measures and continued to break the law,” the CFPB claims. The CFPB’s order will put the CEO’s pay at risk if Fay continues to break the law.”

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Law Contracts Insurance Mortgage 434

Housing Wire

FEBRUARY 14, 2025

The state trade group is currently championing a bill that would change state law to prevent a consumer from being forced to sign a buyer representation agreement before they can tour a property with a Realtor. The bill, known as House Bill 230, was filed earlier this month and is sponsored by State Representative Randall Shedd (R-Cullman).

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Realtors Law Buyers Contracts 202

Inman

OCTOBER 4, 2024

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling "contracts with oppressive terms."

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Contracts Realty Law Brokerage 167

Housing Wire

MARCH 19, 2024

“Plaintiff’s bald, conclusory allegation that the parties somehow ‘agreed’ to the 2022 unsigned amendment to the 2018 wholesale broker agreement as a complete and total replacement for the 2018 wholesale broker agreement in some unidentified manner is entirely implausible as a matter of law,” according to Atlantic Trust.

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Mortgage Law Brokerage Legal 441

Housing Wire

FEBRUARY 21, 2024

That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since. We are federal law enforcement, so we have the same capabilities to make arrests, conduct interviews and issue subpoenas.

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Law Contracts Design Tenants 448

Housing Wire

AUGUST 26, 2024

The complaint also alleges that the defendants have “consistently failed and refused to properly train, screen, conduct background checks, supervise, reprimand, direct and instruct” their senior management in “a manner at or above the standard of care in accordance” with their policies and the laws of their respective home states.

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Real Estate Agent Real Estate Law Agents 514

Housing Wire

DECEMBER 11, 2023

Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law.

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Tenants Landlords Law Advertising 422

Housing Wire

JUNE 12, 2024

Other regulations require that government agencies preserve “government contract pricing structures and other details of competitively bid contracts,” the filing reads. The law enforcement privilege protects against the disclosure of such non-public methods.

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Government Law Contracts Development 435

Housing Wire

MAY 3, 2024

Earlier this week, Zillow launched a new “touring agreement,” a nonexclusive contract for buyers and agents to use for home tours. The trade organization also advised members to discuss business practices and any agreements and forms they are going to use with their broker to ensure that they are in compliance with state law.

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Legal Realtors Law Real Estate 378