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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. MV Realty operated in 33 states and has more than 500 real estate agents.

Realty 476
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Are AI real estate agents the future for homebuyers? These firms think so

Housing Wire

While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent.

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Housing Rights Initiative files massive discrimination case in Illinois

Housing Wire

The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. The group claims that this is the largest housing discrimination case in Illinois history.

Landlords 418
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California AG gets preliminary injunction against MV Realty

Housing Wire

California is the latest state to take a stand against the right-to-list agreement business plan of now bankrupt brokerage MV Realty. On Tuesday, the office of California Attorney General Rob Bonta announced that it was granted a preliminary injunction against Florida-based MV Realty after filing a lawsuit in December 2023.

Realty 448
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Minnesota targets right-to-list agreement firm MV Realty in new lawsuit

Housing Wire

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.

Realty 448
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Nearly two dozen plaintiffs added to Batton 2 commission lawsuit

Housing Wire

In their complaint, the Batton 2 plaintiffs claim that “for decades, homebuyers across America have been unwittingly paying too much for, and receiving too little from, services offered to them by real estate agent members of National Association of Realtors.”

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Michigan suit claims Realtor memberships have no value after compensation banned on MLS

Housing Wire

The three plaintiffs are real estate professionals. Hardy is the owner of Snyder Kinney Bennett and Keating LLC , which does business in southeast Michigan as Signature Sotheby’s International Realty.

Realtors 370