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John Davis files racketeering suit against Gary Keller

Housing Wire

According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers.

Contracts 396
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As fundraising environment freezes, power buyer UpEquity cuts staff

Housing Wire

Austin-based mortgage tech platform UpEquity laid off around 10% of its workforce last week, proof that the rising interest rate landscape hurts real estate technology companies, too. . In states where purchase contracts can’t be assigned, UpEquity buys the home upfront and writes the mortgage after closing the deal.

Buyers 328
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UWM sues two more broker shops for working with Rocket & Fairway

Housing Wire

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 367
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Recruiters turn to AI in their quest to lure top agents

Housing Wire

This can also be tied to the fact that managers typically have to juggle many other tasks at the same time, such as coaching or contract signing, which poses a challenge to their organization. Companies like Relitix , Lone Wolf Technologies , Courted , Brokerkit and MoxiWorks offer AI tools to streamline the recruitment process of agents.

Agents 295
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Are you prepping for worst-case commission lawsuit outcomes?

Housing Wire

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs. in California.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. They were trying to capitalize on the refinance boom,” said Cullen Gandy, a classically trained opera singer who had been hired as an LO at Interfirst and left in July. “I

Mortgage 338
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Kim Beaulieu Promoted to Human Resources Manager

Lamacchia Realty

This well-deserved promotion comes nine months after she took on the role of managing all staff training. While Kim will continue to manage the training of incoming staff and the opening of branch offices, her role will broaden into larger human resources focus. training ,? technology ,?and? Kim Beaulieu. services , and?