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NAR to vote on Clear Cooperation Policy as legal threat looms

Housing Wire

And the decision comes under the shadow of a potential legal challenge. It accused NAR and several major real estate brokerages of conspiring to artificially inflate the commissions of agents representing sellers, a violation of federal antitrust law. What’s next?

Legal 362
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Compass tells MLSs to change CCP or face legal exposure

Housing Wire

In the article, Ketchmark said that Realtor organizations need to be aware of the fact that not only will our law firm and other attorneys be looking at [CCP], but the eyes of the world are upon them, and its time to do the right thing and let homeowners make decisions about their houses and not a bureaucratic organization.

Legal 312
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

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. citizen or legal resident and be 18 years of age or older. Generally, you need to be a U.S.

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NAR settlement faces another legal appeal

Housing Wire

According to Wang, the declaration showed “the design of the notice progress to be deeply flawed and racially discriminatory; the outcome the Keough Declaration reported proves to be racially discriminatory as well, as one may readily predict from the racist methodology of the notice regime the settlement administrator designed.”

Legal 367
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How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

Obtain a real estate broker license Your new chapter begins with ensuring you meet all legal requirements to operate as a broker. Pass your state licensing exam The real estate broker exam is comprehensive, covering real estate law, ethics, and management. This includes legal, tax, and state requirements.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

Legal 488
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Opinion: Foreign land ownership legislation and principles for protecting property rights

Housing Wire

Many of these laws target specific types of real estate deemed crucial to national security, such as farmland or property near military installations, while other laws apply more broadly to all types of land. Laws should also be clear on the role title insurance professionals play in facilitating transactions with foreign owners.

Law 435