Housing Wire

JUNE 11, 2024

In a legal brief filed on Monday, MLS Property Information Network (MLS PIN) made it clear that it does not agree with the Department of Justice ‘s position on the banning of cooperative compensation, as outlined in the DOJ’s statement of interest in the Nosalek commission lawsuit. District Court in Boston.

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Housing Wire

AUGUST 6, 2021

will pay a $1 million fine for improper benefits given to California real estate agents. The company also agreed to pay $185,000 to cover the department’s legal and investigative costs. California prohibits title agents from providing perks to real estate agents as business inducements.

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Housing Wire

SEPTEMBER 5, 2024

These anti-discrimination statutes make it illegal to refuse to rent, sell or lease housing because of a lawful source of income being provided. Department of Housing and Urban Development ( HUD), state attorneys general and fair housing organizations to start applying this legal framework to homebuyers FHA loans accounted for 15.6%

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Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” Unlike Murray, Marx Sterbcow, the managing attorney at Sterbcow Law Group, believes that the settlement agreements will be approved, but he supports Murray’s assertion that the DOJ will step in.

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Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We We will always comply with the law.” said Marx Sterbcow of Sterbcow Law Group. NAR settled the case for $418 million, and all MLSs owned by Realtor associations can no longer have a field on their platforms for buyer agent compensation offers.

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Housing Wire

SEPTEMBER 6, 2024

The four firms in question all had joint ventures (JVs) or affiliated business arrangements (ABAs) in which real estate agents, who were also business referral sources, were investors. or divest real estate agents from their ownership interests. Todd Ewing, the founder and CEO of D.C.

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Housing Wire

OCTOBER 8, 2024

Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of income.” In 2019, California Gov.

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Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

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Housing Wire

AUGUST 26, 2024

The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. which, according to the complaints, are all wholly owned subsidiaries of Move and News Corp , who is also a defendant — defrauded agents by selling them fake leads.

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Housing Wire

JANUARY 8, 2024

31, 2023, when a Missouri jury found the National Association of Realtors , HomeServices of America , and Keller Williams liable for colluding to artificially inflate real estate agent commissions, to prepare and file these motions. The parties had since Oct. HomeServices of America filed three post-trial motions Monday evening.

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Housing Wire

OCTOBER 27, 2023

You’re asking them to try to take the place of real estate agents who guide consumers through all the legal, financial and community complexities of buying a home even as 89% of homebuyers would use their agent again or recommend their agent to others. They decipher public property information.

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Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs.

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Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State. Did you know?

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Housing Wire

APRIL 11, 2024

Many real estate executives and analysts believe that the Department of Justice , now with the green light to reopen its investigation into the National Association of Realtors , will shake up the civil commission lawsuit settlement agreement. But legal experts are not as certain.

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Housing Wire

JUNE 13, 2024

According to a report published Thursday by wire fraud prevention firm CertifID , real estate agents , brokers and title companies are increasingly being held accountable if a consumer loses money. In one of the cases cited by CertifID ( Otto v. As a custodian of funds, you are in a position of trust and knowledge.

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Housing Wire

SEPTEMBER 20, 2024

As a result, the company is being ordered to stop violating state law, once again allowing homeowners the freedom to do with their property what they wish. While our legal battle is not yet over, we will continue fighting to hold MV Realty accountable.”

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Housing Wire

MAY 21, 2024

Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial. Experienced agents have access to databases, networks, and resources that can help buyers gather information about recent sales in the area.

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Housing Wire

JANUARY 6, 2025

It may be a new year, but the National Association of Realtors (NAR) is continuing to face legal challenges over its membership structure. Each of the plaintiffs hold real estate licenses in Louisiana as either agents and/or appraisers. The newest suit was filed last week in the U.S.

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Housing Wire

OCTOBER 4, 2024

In an amended complaint, plaintiff Anya Roberts alleges that eXp “at worst knew of, encouraged, and permitted abhorrent behavior; or at the least, recklessly disregarded, and willfully turned a blind eye to ‘things that are on the wrong side of the law.’” Board ignored these reports and agents’ pleas for recourse.

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Housing Wire

JULY 2, 2024

The district court applied an incomplete legal framework in evaluating whether REX had presented a genuine dispute of material fact on concerted action in this case,” the filing states. The analysis was done by Tanya Monestier, a law professor at the University of Buffalo.

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Housing Wire

AUGUST 29, 2024

million to settle civil claims that they’ve engaged in kickbacks with real estate agents through joint ventures in the Washington, D.C. The four title companies involved in the settlements were affiliated businesses that were created by real estate professionals and brokerages investing in the start up costs of the firms.

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Housing Wire

MARCH 14, 2022

Never in her decades-long career did Giguiere think she might be responsible for monitoring and reporting potential criminal activity in the real estate market. “It It is just ridiculous to put that on real estate agents and companies,” Giguiere said. That is not the role of a real estate agent.

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Housing Wire

MAY 3, 2021

Compass defrauded its real estate agents out of millions of dollars in sales commissions and broke pledges to give agents shares of stock, according to a new lawsuit that seeks class-action status. Messages left with Compass were not returned.

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Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio. Ready to find a real estate brokerage?

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Housing Wire

AUGUST 22, 2024

Filed in Florida in late April, the Lutz suit accuses HomeServices and its subsidiaries, BHH Affiliates and HSF Affiliates , of conspiring to artificially inflate real estate agent commissions. The two brokerage defendants in the suit filed a motion to dismiss on Monday.

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Housing Wire

JANUARY 2, 2024

Filed last Wednesday in the Western District of Missouri, the Umpa suit, named after its lead and only plaintiff Daniel Umpa, accuses the real estate industry of allegedly colluding to artificially inflate real estate agent commissions.

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Appraisal Buzz

JUNE 17, 2024

Traditionally, it has been expected that when hiring an agent to assist in selling a home, there would also be a 3% commission to the seller agent. This practice, though not legally mandated in most states, had become the norm. This differentiation can attract clients looking for expertise beyond standard appraisals.

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Housing Wire

JUNE 21, 2024

“As a result, a key element of the antitrust conspiracy will not be halted, but simply driven underground where it will be harder to document and harder to stop through the antitrust laws in the future. Judge Stickman did not comment on the plaintiffs’ claims about NAR’s settlement agreement.

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Real Estate Agent Realtors Real Estate Agents 447

Housing Wire

JUNE 26, 2024

My wife and I have worked with the same real estate agent to buy and sell several homes, and we’ve referred her to help more than a dozen friends with their home transactions. This is a small example of a big truth about real estate: it’s a relationship business. No one wants to educate the arbitrator.

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Housing Wire

MARCH 28, 2024

Originally filed in March 2019, the Moehrl lawsuit alleges that real estate industry participants including HomeServices, the National Association of Realtors (NAR), Anywhere , RE/MAX and Keller Williams conspired to artificially inflate real estate agent commissions.

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Real Estate Agent Realtors Real Estate Sellers 458

Housing Wire

DECEMBER 8, 2023

Are you looking to get licensed as a real estate agent in Arizona? We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school.

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Real Estate Contracts Law Real Estate Agent 434

Housing Wire

JANUARY 14, 2025

Obtain a real estate broker license Your new chapter begins with ensuring you meet all legal requirements to operate as a broker. Educational prerequisites Most states mandate completing 60 to 150 hours of real estate coursework to become a broker. This includes legal, tax, and state requirements.

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Housing Wire

NOVEMBER 16, 2023

.” While the plaintiffs in the Moehrl , Sitzer/Burnett and Nosalek lawsuits are all represented by large law firms with class-action experience, the plaintiff in the relatively small Burton suit in South Carolina is represented by attorneys at Knie & Shealy Law Offices in Spartanburg.

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Housing Wire

APRIL 17, 2024

Under Missouri state law, HomeServices of America would have needed to have been named as a third-party beneficiary on the client contracts. This represented just one of many paths we believed were important to pursue, and we continue to aggressively pursue a resolution of our involvement in the underlying litigation.“

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Housing Wire

AUGUST 21, 2023

Just days after awarding Zillow and National Association of Realtors (NAR) a major victory in their legal battle against REX Real Estate , the court made it clear that Zillow’s fight is far from over. It is literally false not to characterize REX’s listings as ‘Agent Listings.’

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Housing Wire

AUGUST 12, 2024

In the suit, the plaintiffs allege that the “compulsory membership in these associations” is a violation of antitrust laws, as well as an example of “economic coercion, unfair restraint on trade and conspiracy.”

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Housing Wire

SEPTEMBER 16, 2024

Like all of the other settlements so far, plaintiffs’ attorneys in the ongoing real estate agent commission lawsuits have asked a court for one-third of the settlement amounts agreed to by the National Association of Realtors (NAR) and HomeServices of America.

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