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

DECEMBER 19, 2024

The Five Star Institutes Legal League has announced the launch of its latest White Paper, Non-Uniform Foreclosures. Legal League is a professional association of financial services law firms spread out across the U.S. The Legal League is uniquely positioned to drive progress in the mortgage servicing industry. Hladik Esq.

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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

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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Real Estate Legal Fees Legal Brokerage 448

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

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

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

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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Insurance Mortgage Legal Government 457

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 395

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

JULY 16, 2024

3 Besides portfolio monitoring, our tool offers property ownership / fast legal & vesting reports and access to externally sourced document images. . #2 Our platform provides updated insights through continuous monitoring for each property in your portfolio through dashboards, reporting, self-service capabilities, and more. #3

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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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Brokerage Legal Agents Realty 511

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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Real Estate Advertising Legal Agents 447

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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Real Estate Brokerage Legal Agents 448

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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Housing Wire

OCTOBER 21, 2024

The companies’ legal teams communicated with each other prior to the requested delay and Longbridge did not object, according to a court filing. There is good cause to grant this motion,” Mutual of Omaha’s legal team said in the initial filing.

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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

DECEMBER 2, 2024

This movement of individuals, teams, branches, divisions and even companies occurs against the backdrop of legal issues that—if ignored or mishandled—can quickly undermine any anticipated benefits, particularly given the increasingly narrow margins for error.

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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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Realty Contracts Legal Brokerage 448

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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Real Estate Insurance Legal Training 459

Housing Wire

NOVEMBER 12, 2024

If it is allowed to proceed, we expect that the fundamental legal defects with Plaintiffs’ theories will be apparent and the decision below will be affirmed.” “The Court of Appeals has already observed on its own that there are threshold issues with the appeal,” Gringer wrote. “If

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Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge.

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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

SEPTEMBER 18, 2024

Entering into a settlement now has the benefits of avoiding ongoing legal fees and removing the demand on the executive team’s time, allowing us to focus on growing our business and ensuring our agents continue to have the opportunity to excel in their service to clients.”

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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

SEPTEMBER 19, 2024

But, for many locales, there is no protection that just blanketly says, “If you’re renting or buying , then people can’t say no to you based solely on how you legally pay” (which is a simple way to define the category of “source of income”)… at least not yet. How does this impact affordability?

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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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Sellers Legal Buyers Realtors 482

Housing Wire

JULY 18, 2024

” Waltz aims to support international buyers with a “comprehensive” solution that covers the compliance, legal, banking and regulatory processes to close the purchase process within 30 days. . “From my experiences investing globally and in the U.S.,

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Housing Wire

AUGUST 27, 2024

Additionally, in a statement on Facebook , the association wrote that “upon legal advice and as a precautionary measure, in light of recent litigations,” it would be removing the field. The MLS recently made this field mandatory, but in its announcement, it said it decided to make the change following feedback from its members.

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Sellers Legal Realtors Agents 428

Housing Wire

SEPTEMBER 23, 2024

A spokesperson for CCM said the company “does not comment on legal matters.” She alleges violations of the Age Discrimination in Employment Act, the state’s Human Relations Act and common law. ” Smith and her attorney haven’t responded to HousingWire ‘s requests for comment.

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Mortgage Legal Loan Officers Retail 472

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

JUNE 7, 2024

Moreover, legal services will cost at least $5,000 and likely much more. By securing appropriate title insurance, property owners can protect themselves from the nightmare of expensive legal battles. Most victims cannot afford the fight to recover their title, and some lose their homes altogether.

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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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Brokerage Legal Design Agents 448

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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Advertising Lending Loan Officers Retail 468

Housing Wire

SEPTEMBER 3, 2024

In addition, it faced legal fees due to 10 class-action lawsuits and at least two individual lawsuits. These customers paid overdraft/insufficient funds fees or faced temporary account freezes. Mr. Cooper alleges that the incident made media headlines nationwide, damaging its reputation.

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