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NAR, Move named in new lawsuit alleging sale of fake leads

Housing Wire

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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MORE AMORIN INFLUENCE (MAI): The AI National Nominating Committee Design Is Being Attacked By FOJs

Miller Samuel

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. The CEO gravy train is all FOJs care about. Membership has to stop the FOJ gravy train by loudly speaking out against this sham petition process right now - loud and proud.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

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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. This course covers real estate law, contracts, finance and ethics. They oversee all real estate activities and ensure compliance with state laws and regulations.

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HUD expands housing counseling support for Native American tribes

Housing Wire

Department of Housing and Urban Development (HUD) on Friday announced a final rule designed to expand support for housing counseling services within Native American tribal communities. This can be the key to ensuring that potential homebuyers are set for long-term success and that renters avoid eviction.

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Your roadmap to the ever-evolving landscape of mortgage regulations

Housing Wire

The mortgage world is fast-paced and constantly evolving, driven by shifts in laws and economic conditions. From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process.

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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

Like he did in the Sitzer-Burnett trial, Ketchmark referenced brokerage training materials and speeches given by CEOs like Gary Keller of Keller Williams , in which commissions are discussed. If it’s not collusion, then what is it?” Lamacchia responded by saying that he was unwilling to accept this as the purpose of NAR’s Participation Rule.

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