This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
And the decision comes under the shadow of a potential legal challenge. Its my expectation that after this meeting, when this comes to a NAR vote overall, that theyll do the right thing and remove that policy and let the free market continue to work, Ketchmark said. What’s next?
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?
Ketchmark also said that anyone who is involved in upholding CCP will be subject to legal exposure. At Bright MLS , Compass said agents are allowed to market office-exclusive listings on the MLS. To remove this would be a step backwards for homeowner choice and would create additional legal risks, the letter states.
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?
All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In the last few months, the market finally saw some sales growth over the previous year.
The new platform will be available in all markets that Final Offer operates in. According to the company, PX allows agents to share “pre-market” and “off-market” properties with clients via a private channel. Pre-market and off-market listings have caused some controversy in the real estate industry.
Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. The post Incenter Adds New Chief Legal Counsel first appeared on The MortgagePoint.
The government-sponsored enterprise (GSE) said the Housing Choice Voucher program, which launched in 2022, assists very low-income families, seniors and people with disabilities in being able to afford stable and quality housing in the private market. The program was previously limited only to eligible properties in North Carolina and Texas.
He was also a regional director for Michigan and northern Ohio from 2006 to 2012, when he oversaw up to 30 KW market centers. On Thursday, Louis Ronayne and Deborah Ronayne filed a complaint aiming for class-action status in the U.S. Meanwhile, Deborah Ronayne was an agent with Keller Williams from roughly November 2002 to September 2014.
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.
Legal League , the premier professional association of financial services law firms in the U.S. Anthony Van Ness , Founder and Managing Partner of Van Ness Law Firm, and Roy Diaz , Managing Shareholder of Diaz Anselmo & Associates PA have been reelected to the Legal League’s Advisory Council.
The company also notes that it will work with Stone Points leadership to expand and improve the agent branding and marketing resources as well as it offers, as well as the educational, coaching, data and technology resources it offers its franchisees, brokers and agents. This is a role that was vacated by Mark Willis in mid-January.
The market is not great, so we aren’t often dealing with multiple-offer situations. Due to these conditions, Dwiggins and other industry professionals believe there won’t be much of an impact on first-time buyers until the housing market strengthens, leading some sellers to potentially stop offers of buyer broker compensation. “If
These leads require long-term efforts, patience and cultivation of relationships through emails, newsletters and other marketing tactics. Despite a frozen housing market and significant uncertainty related to the National Association of Realtors ‘ antitrust settlements, teams are generally optimistic about the future.
Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence. Tax payment history, legal documents and zoning information are also available at the push of a button. Precision marketing tools add another layer of predictive control to CoreLogic’s arsenal.
Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits. There are now a total of five class-action lawsuits against KW challenging the company’s profit-sharing program adjustments. Earlier in March, four agents formerly affiliated with Keller Williams — Jerri L.
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.
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.
This is a very significant milestone for Mechanics Bank and we are excited through this transaction to extend our market presence with a full West Coast footprint from San Diego to Seattle, Carl B. ” Wachtell, Lipton Rosen & Katz is serving as legal adviser to Mechanics Bank, with J.P. .
RLTY Legal gives users access to LegalZoom for setting up a business. The funding is led by Altriarch, a credit asset management company that invests in fragmented markets. RLTY Capital acquires pending residential and commercial commissions, allowing agents to access that money on an expedited timeline. Ventures, SERHANT.s
The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. The suit argued that consumers should have a choice in whether or not they market their home on their local MLS. On Monday, the parties notified Judge Vince Chhabria of the U.S.
Similar to other lending discrimination cases, the CFPB and the DOJ accuse Fairway of redlining as the company allegedly discouraged people from majority-Black neighborhoods from applying for mortgages, including through its marketing and sales actions.
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.
One key finding from the bureaus Office of Mortgage Markets is that HEI companies often market themselves against reverse mortgage products, touting the products as not being debt-based instruments that do not require monthly payments. The providers position is that its product is not a residential mortgage.
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.
A new website soliciting plaintiffs for a possible class-action suit against the Washington MLS asks homeowners if they've sold in the state and seen "a price drop or significant days on market."
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. We are not going not going to head into 2025 in a full market recovery. There are still those cyclical market challenges ahead of us.
Houseworks will join Keller Williams MKE , a market center located in Whitefish Bay, Wisconsin. Keller Williams is focused on growth and expansion heading into the new year, despite legal difficulties and other challenges. The brokerage announced this week that it has added the Milwaukee -based Houseworks Collective real estate team.
According to the release, this new policy compliments NAR s existing MLS policies and that it will exist in conjunction with CCP.The trade group feels the policy provides sellers and their agent more options and choice when marketing a property. According to NAR, each MLS will have the ability to determine its own delayed marketing period.
Kalin led a segment on best practices for legal matters that agents may face when assisting Altadena residents. California is also prohibiting unsolicited offers below market value. According to Zillow , there are more than 50 active listings, with the average market value in the area at roughly $1.29
housing market , trailing only married couples. That was only seven years after women were legally allowed to obtain a mortgage without a cosigner. When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S.
PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work. Todays rule stops unscrupulous companies and salespeople from luring homeowners into unaffordable loans based on false promises of energy savings, Chopra said.
Obtain a real estate broker license Your new chapter begins with ensuring you meet all legal requirements to operate as a broker. This includes legal, tax, and state requirements. These legal structures offer some liability protection for you and, in most cases, tax benefits as well. Now you have to do some tedious stuff.
Real estate appraising is a complex practice that requires a diverse range of skills and knowledge, from understanding current market conditions to understanding and interpreting complex legal and financial documents. However, becoming a successful real estate appraiser requires more than mere market knowledge.
Deadlines in a lawsuit and countersuit stemming from allegations of deceptive reverse mortgage marketing practices have been pushed out one month to the end of March and mid-April, respectively, as all parties in the case advocate for more time. Neither party has offered an update since then on how or if these negotiations are progressing.
Implemented in May 2020, under CCP, listing agents have 24 hours from when they begin marketing a property to list it on their local MLS. He added that anyone who is involved in upholding CCP will be subject to legal exposure. If theyre doing it for the wrong reasons, theyre going to be held accountable.
We discussed the current market conditions and revisited the propertys previous listing history including that the last agent had failed to sell it, eventually pulling it off the market 60 days later. Taking these extra steps can help prevent major financial and legal consequences later. Consider signing up for one.
Set for Monday-Tuesday, February 24-25 at The Worthington Renaissance Fort Worth Hotel , the 2025 Velocity, A FORCE Conference , is tailored for professionals in REO and the adjacent markets, including agents and brokers, asset managers, property management, attorneys, and servicers.
Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.
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.
He also serves as outside general counsel for his clients, assisting with legal and operational issues. Nettleingham is a shareholder at Maddin Hauser. This column does not necessarily reflect the opinion of HousingWires editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com.
That can include being a housing market expert and advising clients on the best times to list or buy a home; having referrals handy for inspections, repairs, staging and photography; understanding the mortgage origination process; and more. Also top of the list, agents are marketers. Generally, you need to be a U.S.
The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern Californias housing market. The fire devastation will certainly cause a tight housing market to get even tighter, Hardy told HousingWire.
He is also active with Five Stars Legal League , serving as Vice Chair of the Leagues Publications Committee, which helps curate content for The Legal League Quarterly Newsletter and other publications. Podmenik serves as General Counsel and Managing Partner-Southwest for the firm of McCarthy Holthus, LLP.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content