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CFPB contracting officer details ‘wholesale termination’ of key contracts

Housing Wire

A person who describes himself as a contracting officer with the Consumer Financial Protection Bureau (CFPB) filed an affidavit in the U.S. District Court for the District of Columbia , saying that widespread cuts to contracts amount to an event that is likely to disrupt the functioning of the bureau. Doe claims that on Feb.

Contracts 391
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John Davis’ RICO suit includes new claims against KW execs

Housing Wire

Keller Williams legal battle with former CEO John Davis is heating up. Davis own legal battle with his former employer began because of sexual misconduct allegations made against him by Inga Dow, the CEO of various Keller Williams offices, in 2022, three years after he left the firm.

Legal 351
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. citizen or legal resident and be 18 years of age or older. This course covers real estate law, contracts, finance and ethics. Generally, you need to be a U.S.

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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 397
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Thinking of joining a real estate team? Here’s everything you should know

Housing Wire

This is an experienced agent or broker who provides leads, training, mentorship, support and other resources for the team members. They handle property searches, showings, and contract negotiations. Every team member brings a particular skill set to the table. Teams are led by a team leader.

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Homebuyer sues eXp, accusing agent of breaching fiduciary duty

Housing Wire

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.

Agents 255
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Real estate firms may be on the hook for wire fraud losses: CertifID

Housing Wire

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.