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The technology at the center of CoStar’s offering is “CoStar Sync,” which “allows data from locally stored databases to be rapidly and efficiently accessed through CoStar’s multiple product platforms,” the complaint reads. CoStar also seeks monetary damages stemming from the costs and legalfees resulting from the suit.
“So, what the brokerages have done historically is they’ve made all their money from the 80% of agents who actually don’t transact more than two deals a year , because they pay desk fees, monthly fees, technologyfees and legalfees.”
In this environment, strategies to mitigate repurchase risk through technology , precise quality control, and strong collaboration are essential to avoid serious financial and reputational fallout. When lenders or their technology providers fail to maintain a high standard of data accuracy, loan buybacks increase.
When they talk about reducing closing costs for underserved communities, these people need title insurance more than anybody else because while $10,000 in legalfees may be doable for someone who owns a $4 million house, it is a struggle for someone who owns a $140,000 house.”.
In the suit, VCA claims that Redfin is using technology that infringes on two of the companys patents (No. VCA is demanding a jury trial and asking the court for a declaration that Redfin has infringed on their patents, damages and payment of their legalfees. 9,501,480 and No. 9,477,665) without permission.
If a tax lien, or other claim against their property emerges, the policy covers any legalfees incurred defending against that claim. Title companies have also embraced technology tools to better communicate with consumers and operate more efficiently.
Technological Change Technological shifts such as e-commerce growth, automation, and remote work patterns are redefining commercial real estate needs. Closing Costs : Appraisal, legalfees, and possible prepayment penalties on your existing loan can erode some benefits.
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