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And while most of the talking points espoused on both sides of the debate remain fairly consistent, those who are in favor of the policy have recently started to claim that an agent who doesnt list their sellers properties on the MLS may be exposing themselves to legal liability. Restraint on trade?
And the decision comes under the shadow of a potential legal challenge. While NAR has already settled its part in the Gibson lawsuit, Ketchmark emphasized that individual brokers involved in upholding CCP could still face legal scrutiny. What’s next?
Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. Move should focus on fixing its broken business model and spend its legal fees on defending the class action lawsuit that accuses Realtor.com of selling fake leads to brokers.”
Hladik, Chair, Legal League This article originally appeared in the March 2025 edition of MortgagePoint magazine, online now. Hladik serves as Chair of Legal League , and is a Partner at Hladik, Onorato & Federman LLP. Q: What were some of the key accomplishments of Legal League in 2024?
Ketchmark also said that anyone who is involved in upholding CCP will be subject to legal exposure. To remove this would be a step backwards for homeowner choice and would create additional legal risks, the letter states. NAR is expected to vote on CCP in the coming weeks.
The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit.
Through the Eviction Protection Grant Program (EPGP), a first-of-its-kind federal program created to increase the availability of legal services to tenants at risk of or subject to eviction, the U.S. Legal experts supported by this funding help provide housing stability across the country.
Stephanie Ziebell has been promoted to chief legal officer at national mortgage lender Waterstone Mortgage Corp. I am truly honored to take on the role of chief legal officer at Waterstone Mortgage, she says. Ziebell joined Waterstone Mortgage as assistant general counsel in October 2012, shortly after graduating from law school.
Katie Johnson is stepping down from her role as chief legal officer for the National Association of Realtors. According to Wright’s email, members can direct their legal questions and concerns to NAR general counsel Lesley Muchow and their member experience concerns to Kate Moore. Her last day will be Oct.
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.
Figure Technology Solutions , the parent company of Figure Lending LLC , announced on Wednesday the hiring of Ronald Chillemi as its first chief legal officer and corporate secretary. Chillemi has more than 25 years of experience in regulatory affairs, government relations and compliance across a number of fintech companies and law firms.
Stacie Herron, the firms chief legal and administrative officer, has been serving as interim chief operating officer. Christopher Czarnecki is joining Keller Williams as its new CEO and president. This is a role that was vacated by Mark Willis in mid-January. Willis is now serving as the firms chief leadership officer.
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.
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.
Open to all mortgage lending and servicing professionals, GSEs , government entities, and Legal League members, the annual Spring Servicer Summit gathers the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.
Title insurance policies solve these problems by protecting buyers against legal challenges to their ownership. Title insurance goes well beyond an attorney opinion, which only opines that the evidence of ownership as shown by the public record appears to support the legal transfer of the property from one owner to another.
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.
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.
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.
According to the email, while the company looks for its next CEO, Stacie Herron, KEs current chief legal and administrative officer will serve as interim chief operating officer. Willis left Keller Williams in 2016, but returned to the firm a viral Twitter hashtag and a legal battle resulting in a temporary restraining order.
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.
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.
Keller Williams legal battle with former CEO John Davis is heating up. Davis own legal battle with his former employer began because of sexual misconduct allegations made against him by Inga Dow, the CEO of various Keller Williams offices, in 2022, three years after he left the firm.
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.
The balance request includes additional damages for legal fees and a jury trial. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April.
Tax payment history, legal documents and zoning information are also available at the push of a button. Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence.
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.
RLTY Legal gives users access to LegalZoom for setting up a business. .” RLTYco provides four primary services. RLTY Capital acquires pending residential and commercial commissions, allowing agents to access that money on an expedited timeline. RLTY Tax provides a network of CPAs.
1, requires real estate professionals to submit reports and keep records about certain high-risk, non-financed transfers of residential real property to specified legal entities and trusts. ALTA added that the Treasury announcement is likely to face legal challenges. This rule, which goes into effect Dec.
Rocket Mortgage has faced other legal activity over the last year. The latest ruling from the U.S In June, HUD charged the lender, two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver.The Department of Justice followed suit in October.
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.
The facts of the case, the bureau argues, illustrate a key point that a product that is in substance a nonrecourse reverse mortgage could, if [the contract provider in the legal case] were correct, be recharacterized in form as an equity investment in the consumers home in order to evade [the Truth in Lending Act (TILA)].
Mykhailyna was the appraiser at the center of legal action by the U.S. Mykhailyna, who is based in Denver, had previously held both a Colorado certified residential appraiser license and a controlling appraiser license. In addition to the revocation of his license, Mykhailyna must pay a total fine of $97,500.
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.
She argued that this was necessary because in denying her motion for reconsideration and striking her objection, the court created legal ambiguity about her appellate standing, which she claimed could delay the resolution of her planned appeal. After Bough approved the NAR settlement on Nov. 26, Monestier filed a motion to intervene.
Legal League has issued a brief on the recent decision in the state of Pennsylvania in the case of Foxfield at Naamans Creek v. Legal League is a professional association of financial services law firms, uniquely positioned to drive progress in the mortgage servicing industry. Legal League Advisory Council Chair Stephen M.
The complaint states that Official Partners and the brothers agreed to pay the principal sum and interest on the loan, and that Side should be paid additional damages related to legal fees and a jury trial. Official Partners and the Alexander brothers have been summoned to court but have yet to file anything in the case.
Keough pursued legal action to stop any potential sale of the property soon thereafter. Findley reportedly put the scheme into action upon Presleys death. Fraudsters initiated the plan through communication with actress Riley Keough, Lisa Marie Presleys daughter, who had taken over as sole owner of Graceland.
With the exception of two contracts related to “FD Online licenses and litigation data,” the bureau’s legal division was also ordered to terminate its contracts, Doe said in the affidavit. In a subsequent filing on Sunday, CFPB chief operating officer Adam Martinez repeated these claims.
One of the most vocal and most notable attorneys threatening real estate industry players with legal action if they actively work to uphold CCP at NARs upcoming vote on the policy is Michael Ketchmark, the plaintiff’s attorney in the Sitzer/Burnett and Gibson commission lawsuits. And I consider it to be misleading.
When looking ahead to 2025, the challenges Kelly is anticipating having to prepare for include slow housing market conditions and potential regulatory or legal challenges. “It allows them to feel confident and comfortable enough to continue focusing on what they need to on a daily basis to ensure the company keeps running smoothly.”
She expanded on this in her legal objection. “If In a report published in August, Monestier examined the agreements promulgated by 19 state and local Realtor associations, concluding that “by and large, they are all very complicated and will not be understood by the average buyer and seller.”
Exploring the Evolution of Mortgage Law As a former Deputy Attorney General, Stephen Hladik has been at the forefront of major legal shifts in mortgage law. Loss Mitigation Strategies: Hladik emphasizes the importance of innovative loss mitigation solutions to help servicers navigate default scenarios and avoid costly foreclosures.
The claims against Hsieh and Macdonald were dismissed early in the legal saga, and in recent months the judge threw out the claims related to wrongful termination, various employment claims and loan origination practices, loanDepot said. “I’m sure that those folks can take a sigh of relief.
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