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Consumer advocates call California Realtors’ buyer rep agreement ’unreadable’

Housing Wire

A report released Tuesday by the Consumer Federation of America (CFA) found that the California Association of Realtors’ (CAR) buyer representation and broker compensation agreement is “virtually unreadable.” Additionally, the CFA stated that California Realtors have obtained a copy of the analysis.

Realtors 403
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Curbio settles fraud case; NAR partnership remains in place

Housing Wire

DC Attorney General Brian Schwalb accused Curbio of defrauding homeowners by luring them into contracts that allowed the company to pilfer their home equity over minor violations. Curbio also has partnerships with HomeSmart , eXp Realty and RE/MAX Gold. NAR declined to comment on the situation.

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Umpa commission lawsuit defendants look to get case dismissed

Housing Wire

Like the other commission lawsuits, the Umpa suit alleges that the National Association of Realtors (NAR) and more than a dozen other real estate industry firms have colluded to artificially inflate agent commissions. Hanna Holdings, Douglas Elliman, Realty ONE Group and HomeSmart International also filed motions to dismiss the suit.

Realty 430
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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

There is no doubt that the cooperative compensation structure changes outlined in the National Association of Realtors’ commission lawsuits settlement agreement will generate massive changes in the real estate industry, but those are not the only changes mandated by the terms of the agreement.

Buyers 488
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NAR raises alarm on floor plan use, vacant lot scams, ‘unfair’ contracts

Inman

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

Contracts 155
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To sue or not to sue: How buyer’s agents should prepare for commission disputes with clients

Housing Wire

According to Anthony Lamacchia , the broker-owner of Lamacchia Realty , he and his agents have seen disputes over buyer broker fees for years, highlighting the importance of having a signed buyer representation agreement , which will soon be required by the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement.

Clients 468
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No ’horror stories’ from agents on the first weekend of NAR settlement changes

Housing Wire

17, 2024 , has come and gone, and the real estate industry is still plugging along, despite the business practice changes mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement now being implemented nationwide. The landmark date of Aug. Why would we not disclose that info in MLS?

Agents 460