Housing Wire

APRIL 1, 2024

Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits. Allegations against KW include breach of contract, declaratory judgment and unjust enrichment. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L. Moulder, David L. Bueker, Robert E.

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Legal Brokerage Agents Real Estate 468

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.

Contracts 367

Contracts Investors Sellers Lending 367

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. While a non-agency, non-exclusive agreement is not a problem legally in Virginia, such an agreement must contain specific information to be in compliance with the law.

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Legal Realtors Law Real Estate 379

Housing Wire

SEPTEMBER 7, 2023

Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton will now oversee the company’s legal affairs, such as regulatory compliance, trademark protection, and contract management.

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Housing Wire

OCTOBER 18, 2022

The company relied on several warehouse lenders to obtain advances in order to originate residential mortgages, paying off these lines of credit after selling the loans in the secondary market. Consequently, the warehouse lender filed the lawsuit against Sprout on Wednesday for breaching the contract and injunction in the U.S.

Contracts 397

Contracts Law Legal Mortgage 397

Housing Wire

MARCH 11, 2025

We discussed the current market conditions and revisited the propertys previous listing history including that the last agent had failed to sell it, eventually pulling it off the market 60 days later. After finalizing everything with an e-signed contract, I moved forward, and within a few weeks, the listing was live.

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Real Estate Agent Real Estate Agents Sellers 361

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. However, becoming a successful real estate appraiser requires more than mere market knowledge.

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Real Estate Development Appraisal Legal 335

Housing Wire

NOVEMBER 1, 2024

That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Also top of the list, agents are marketers. Generally, you need to be a U.S.

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Real Estate Real Estate Agent Agents Brokerage 448

Housing Wire

MARCH 20, 2025

The claims) carry significant professional and legal consequences, he said. A December 2022 study by the Brookings Institution found that homes in majority-Black neighborhoods are nearly twice as likely to be appraised below the contract price compared to homes in predominantly white areas.

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Appraisal Reconsideration of Value Real Estate Legal 243

Housing Wire

FEBRUARY 18, 2025

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. But its also a growing market , the pair added. Occasionally, U.S.-based

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Contracts Advertising Real Estate Agent Mortgage 293

Housing Wire

NOVEMBER 18, 2022

This article addresses two legal issues relevant to the review: FHFA’s statutory authority to reduce the number of Federal Home Loan Banks, and The application of the FHLBank statutory “super lien”. This provision may be challenged by the affected FHLBank under legal process. imposes market discipline).

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Legal Law Insurance Finance 370

Housing Wire

DECEMBER 27, 2024

It can vary widely depending on the size of the team, its overall goals and the type of market it serves. The Multi-Level Marketing (MLM) Team Team members focus on recruiting agents to build the team while receiving residual income for agents in their downline. They handle property searches, showings, and contract negotiations.

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Real Estate Tools Agents Real Estate Agent 418

The Appraiser Coach

FEBRUARY 22, 2022

What makes a contract a contract? Is it the legal prose, the professional typesetting, or the date across the top? I’m no lawyer, but my mentor once told me that. Read More.

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Contracts Legal Inspection Advertising 195

Housing Wire

FEBRUARY 26, 2025

There is also a requirement that a client must seek independent legal advice before taking out a loan. Understanding their impact in the market has provided us significant insight. Also, meeting system providers like HECM Toolbox who have developed specific products to improve the reverse mortgage market was great.”

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Mortgage Government Development Business 335

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

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.

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Real Estate Advertising Legal Agents 448

Housing Wire

MARCH 13, 2024

In their motion, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.” Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ argued.

Contracts 468

Contracts Legal Sellers Buyers 468

Housing Wire

FEBRUARY 29, 2024

In the filing, the parties wrote that they “dispute the factual and legal arguments made in the DOJ’s Statement of Interest.” Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ argued.

Contracts 448

Contracts Legal Sellers Buyers 448

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. When an associate agent joins any KW market center, they have to name their sponsor.

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Brokerage Legal Agents Realty 511

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. That sponsor then becomes part of the agent’s “profit share tree.”

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Brokerage Legal Design Agents 448

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

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Marketing Investors Mortgage Legal 435

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 435

Housing Wire

NOVEMBER 16, 2023

The plaintiffs alleged that NAR’s Clear Cooperation Rule is “a market-shaping and distorting rule” that stifles innovation and competition. In particular, there are three levers of control that allow NAR to exert influence not just over transaction pricing, but also over market evolution and the pace and direction of innovation.

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Realtors Contracts Real Estate Agents 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.” Please tell your sellers for me,” one text cited in the complaint stated.

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Realtors Buyers Real Estate Brokerage 482

Housing Wire

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

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Market Value Real Estate Agent Real Estate Finance 459

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.

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Brokerage Agents Legal Real Estate 476

Housing Wire

MARCH 19, 2024

Since announcing its controversial “All-In” initiative in March 2021, UWM has been in legal battles with its broker partner that send loans to Rocket and Fairway. America’s MoneyLine (AML) and Mid Valley Funding in February 2022 for alleged breaches of contract by continuing to selling loans to Rocket and Fairway.

Mortgage 445

Mortgage Law Legal Brokerage 445

Housing Wire

JANUARY 31, 2025

Online $293 Colorado Real Estate School CRE courses are designed by Colorado-based brokers, so courses are specific to the local market. It protects you from potential legal claims that a mistake on your part caused someone financial harm. If you thrive in a classroom setting, go for in-person options.

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Real Estate Brokerage Insurance Legal 338

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. I love being as close as I can to the boots on the ground.

Legal 370

Legal Brokerage Real Estate Agents 370

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 456

Brokerage Legal Agents Contracts 456

Housing Wire

APRIL 15, 2024

Although more agents are fielding questions about the commission lawsuits than they were a quarter ago , they also remain optimistic about where the housing market is headed in the second quarter of 2024, according to the RealTrends Q2 2024 AgentPulse survey.

Inventory 448

Inventory Agents Real Estate Sellers 448

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 476

Brokerage Real Estate Realtors Agents 476

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. Messages left with Compass were not returned.

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Agents Brokerage Real Estate Agent Real Estate 418

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. ” It also claimed the company needed its “COO to step up” when the market was booming.

Contracts 435

Contracts Legal Retail Training 435

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

MARCH 11, 2022

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 had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

Real Estate 370

Real Estate Realty Real Estate Agent Contracts 370

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. Closings within 30 to 45 days is remarkable and typical in most markets here. experience.

Real Estate Agent 397

Real Estate Agent Real Estate Sellers Legal 397