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United Real Estate settles the commission lawsuits

Housing Wire

Dallas-based United Real Estate has joined the cohort of brokerage defendants who have settled the commission lawsuits. On Tuesday, United Real Estate announced that it had reached a nationwide settlement in the Gibson commission lawsuit. As part of the settlement, United will pay $3.7 million into a settlement fund.

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‘Real Estate Insiders’ role play buyer and seller objections

Housing Wire

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. But there is a risk that offers of compensation could disappear.

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Insiders

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Move claims employee at center of legal battle with CoStar caused $5K in damage

Housing Wire

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.”

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Fathom is the latest brokerage to settle the commission lawsuits

Housing Wire

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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Side seeks more than $4 million from Alexander brothers, Official Partners

Housing Wire

The balance request includes additional damages for legal fees and a jury trial. Tal and Oren Alexander were superstars among real estate agents in New York City and Miami, having represented ultra wealthy clients at Douglas Eliman before leaving to found Official in 2022. million promissory note Side extended in April.

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Side files preliminary injunction against Alexander brothers in wake of arrests

Housing Wire

The company argues that the charges could incentivize the brothers to use the collateral to cover the steep costs of the legal fees to fight the charges, as well as the potential financial costs related to posting bail. In October, Side sued Tal and Oren Alexander and Official Partners for defaulting on a $4.6

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NAR settlement doesn’t pass the ‘real world’ test

Real Estate News

A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.