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NAR settles commission lawsuits for $418 million

Housing Wire

NAR’s legal counsel approved the settlement agreement early Friday morning. According to NAR, this settlement brings an end to all of the litigation claims brought by home sellers. The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. It has yet to be filed in court.

Legal 540
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Remote online notarization is the proper path forward for digital closings

Housing Wire

Earlier this year, Fannie Mae and Freddie Mac modified their Seller Guides and provided guidance on several policy areas to support mortgage originations. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles.

Law 464
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Navigating movement in the mortgage industry series: Introduction

Housing Wire

This movement of individuals, teams, branches, divisions and even companies occurs against the backdrop of legal issues that—if ignored or mishandled—can quickly undermine any anticipated benefits, particularly given the increasingly narrow margins for error. Nettleingham is a shareholder at Maddin Hauser.

Mortgage 325
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Trade Groups Unite to Combat Deed Fraud

Appraisal Buzz

Although deed fraud can include a variety of real estate-related crimes, most schemes involve the impersonation of a property owner and the recording of fake or forged documents in local land records. These crimes result in legal costs, reduction in equity or property value and even property loss.

Law 397
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Asian real estate group, other advocates claim Florida law violates Fair Housing Act

Housing Wire

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 310
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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

In real estate, buyers and sellers must be knowledgeable to make informed decisions. Learn how you, the real estate investor, can avoid the bank and make an agreement directly with the seller. A land contract, also known as a land installment contract, is an executory financing agreement between a seller and a buyer.

Contracts 143
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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This is especially the case if your goal is to break into real estate. Decide on How to Proceed.

Investing 332