Housing Wire

FEBRUARY 16, 2024

NAR’s insurance policy is tapped out, and there are no funds available for REALTOR Associations and MLSs for legal defense costs,” Hahn wrote. As copycat suits continue to pile up, it is clear that this issue will not be disappearing anytime soon, and that legal costs for Realtor associations and MLSs will only increase.

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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 While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

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Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). The complaint cites a report by the Community Legal Services of Lehigh Valley , which found that minority members of NAR have been subjected to unequal enforcement of ethical standards.

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Appraisal Buzz

AUGUST 16, 2024

Kahane & Associates PA is a full-service law firm based in Sunrise, Florida, that represents secured and unsecured creditors and provides a full range of legal industry, from foreclosure and bankruptcy representation to litigation, evictions, collections, loss mitigation, and REO closings. Kahane Esq. , Kahane Esq. ,

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Housing Wire

JULY 16, 2024

The company said in a statement that the settlement was the “best course of action as it will save United Real Estate significant legal fees and allow the company to move forward.” Additionally, United noted that it continues to deny the allegations made in the Gibson suit and that the settlement in no way acknowledges any wrongdoing.

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Housing Wire

MARCH 15, 2024

NAR’s legal counsel approved the settlement agreement early Friday morning. The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. The story was first reported by the New York Times. It has yet to be filed in court.

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Housing Wire

OCTOBER 30, 2024

CoStar has notched yet another procedural win in its legal battle with Move , the parent company of Realtor.com. Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. In a ruling issued Tuesday, Judge George H.

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Housing Wire

OCTOBER 3, 2024

EasyKnock , which offers sale-leaseback solutions to homeowners, announced a legal victory in Texas on Wednesday as it was awarded more than $153,000 by an arbitrator. The company has been fighting legal battles on multiple fronts through a series of consumer-initiated lawsuits and actions by regulators in several states.

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Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. According to many legal resources, it is common for brokerages to prevent agents from acting as contractors on home sale transactions they are involved in. eXp did not return a request for comment.

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Appraisal Buzz

JANUARY 9, 2025

In some cases, AI and other digital tools have also been used to create convincing forgeries of documents or to automate the process of generating fake deeds and other legal documents. For example, in the case involving Graceland, the scheme was unveiled only after a vigilant legal challenge by the estates trustees.

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Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. They also highlight a provision added by the IALC in August, allowing KW to utilize profit-share program funds for legal defense against disputes. Moulder, David L. Bueker and Robert E.

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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.

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Housing Wire

AUGUST 13, 2024

Services that are legal, disclosed, and regulated cannot be ‘junk fees,’” the letter states. To justify the price of title insurance, ALTA noted all of the curative work that goes into clearing a title prior to closing, as well as the fact that title insurance provides policyholders with legal defense if their title is ever challenged.

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Housing Wire

OCTOBER 11, 2024

Legally speaking, most teams are either an LLC (38.9%) or an S-Corp (34.6%), while 15.7% are not a legal entity. Large teams also staff for recruiting, agent support, coaching and operations much more often than smaller teams. Marketing and transaction management roles account for the most non-agent staffers among small teams.

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Housing Wire

JUNE 25, 2024

We are working with our attorneys on the legality of it and the very strong possibility of legal action,” Vincent said. The executives now know that the private equity company buying the MLS was formed in January, Vincent said. “We

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Housing Wire

OCTOBER 15, 2024

without source-of-income protections (provided their property is not already legally required to accept the vouchers and that at least 40% of the units are affordable or considered “small area fair market rents”). The program was previously limited only to eligible properties in North Carolina and Texas.

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Housing Wire

JANUARY 13, 2025

Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan, Freddie Mac explained. During this temporary reduction or pause in payments, homeowners will not incur late fees and foreclosure and other legal proceedings are suspended.

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Real Estate News

NOVEMBER 19, 2024

The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.

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Housing Wire

AUGUST 9, 2024

Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an excellent experience for their clients in an uncertain market.

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Housing Wire

JANUARY 15, 2025

All but 11 states allow for at least the medical consumption of marijuana, and it is also legal for both medical and recreational use in the District of Columbia , itself a federal district. But in these 11 states including Indiana recreational and medical use is barred at the state, local and county levels.

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Housing Wire

MAY 3, 2024

17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson. The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug.

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Housing Wire

JUNE 13, 2024

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.

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Housing Wire

JANUARY 14, 2025

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. While the dismissal of the suit marks the end of this chapter in the legal battle between TAN and NAR, since the suit was dismissed without prejudice, TAN could refile the suit if they so choose.

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Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. The firm — which is now infamous for its right-to-list agreements — is being sued along with its Minnesota branch, MV Realty of Minnesota , and the companies’ shared executive, Amanda Zachman.

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Appraisal Buzz

SEPTEMBER 23, 2024

Tuesday morning will bring the Legal League Default Servicer Certification: Level I course. More Education on Tap The 2024 Five Star Conference presents an array of additional educational opportunities in the days ahead. Attendees of this session will learn about the full default servicing process, from beginning to end.

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Housing Wire

FEBRUARY 13, 2024

We observed a slight uptick in foreclosure filings, which may be partially attributed to the typical post-holiday progression of filings through the legal system,” Rob Barber, CEO at Attom, said in a statement. Nationwide, one in every 4,236 housing units had a foreclosure filing in January 2024. “We

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Housing Wire

SEPTEMBER 4, 2024

Wood, who is overseeing the two Batton homebuyer commission lawsuits and the Moehrl commission suit, has recused herself from the cases, according to a legal filing on Wednesday. Judge Andrea R. In the filing, the Chicago -based U.S.

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Housing Wire

OCTOBER 9, 2024

In an emailed statement, CoStar chief legal counsel Gene Boxer expressed gratitude over the court denying Move’s request for a preliminary injunction. “Move spent substantial time and resources investigating the nature and scope of the breach, taking steps to secure its computer systems and engaging a forensic expert to assist.”

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Appraisal Buzz

SEPTEMBER 30, 2024

This session was sponsored by Solomon Adjustments, LIA, & AppraiZit Day 1 Conference Sessions: Trends, Technology, and Legal Insights The official Summit conference kicked off on Monday, September 16, with opening remarks by Malinda Griffin President of the National Association of Appraisers (NAA) and Hal Humphreys of Appraiser eLearning.

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Housing Wire

APRIL 10, 2024

This development arises amidst heightened scrutiny and legal challenges facing NAR , including a landmark antitrust settlement that, if approved, would mandate a payment of $418 million and the implementation of rule changes. million members.

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Appraisal Buzz

JULY 12, 2024

Department of Housing & Urban Development (HUD) made $40 million in grant funds available to eligible non-profit or governmental entities to provide no cost legal assistance to low-income tenants at risk of or subject to eviction from their homes.

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Tenants Landlords Legal Finance 435

Appraisal Buzz

JULY 22, 2024

With in-house compliance experts and legal staff, DocMagic monitors legal and regulatory changes at both federal and state levels. Headquartered in Torrance, California, DocMagic’s solutions facilitate digital lending transactions, connecting industry participants, and ensuring data integrity.

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Appraisal Buzz

JANUARY 3, 2025

Homeowners who want to modify their loan payments or remove a borrower from the mortgage must typically assume the mortgage (accept legal responsibility for the payments) and may need to go through an investor or federal mortgage agencys underwriting process. Click here to read more on the CFPBs report on homeowner treatment after tragedy.

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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. And then of course the DOJ could relaunch a full blown investigations into NAR, that results in another legal battle,” Tomasello said.

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Housing Wire

DECEMBER 3, 2024

From resident relations and legal compliance to property takeover, both established and new property management company executives can quickly become overwhelmed handling all the moving parts required to run the company. When classifying someone as a contractor, there are specific legal guidelines that need to be followed carefully.

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Property Management Legal Agents Training 336

Housing Wire

OCTOBER 15, 2024

Redlining is the legal practice of denying certain neighborhoods the same access to credit based on their racial or ethnic composition. Through its Combating Redlining Initiative, the DOJ has collected more than $150 million in relief for communities across the country over the past three years.

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Housing Wire

SEPTEMBER 16, 2024

Keller Williams ‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to the firm’s recently abandoned changes to its profit-sharing program.

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