Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan. It is kind of like dating,” Sax said. “So,

Buyers 468

Buyers Contracts Real Estate Agents 468

Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. Legal disputes.

Real Estate 397

Real Estate Legal Tenants Clients 397

Housing Wire

APRIL 15, 2024

Some agents also reported that they show their seller clients what other sellers in the area were offering in terms of buy-side commissions. “I I would highlight that the real estate industry operates within legal frameworks and regulations to ensure fairness and transparency in transactions. “I

Inventory 389

Inventory Agents Real Estate Sellers 389

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.”

Contracts 389

Contracts Brokerage Law Real Estate Agent 389

Housing Wire

MARCH 11, 2022

accessing “password-protected” company computers to steal client data. According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber’s contract was terminated on Feb.

Real Estate 335

Real Estate Realty Real Estate Agent Legal 335

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. That’s not the Orange County, California-based lender’s only poaching legal battle. A Movement representative did not return a request for comments.

Retail 377

Retail Contracts Legal Business 377

Housing Wire

OCTOBER 23, 2023

A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. In addition, the contract stipulated that agents must join their local Realtor association.

Law 416

Law Agents Realtors Contracts 416

Housing Wire

MAY 10, 2024

Additionally, the board also voted to change Article 4’s first standard of practice, which currently reads: “For the protection of all parties, the disclosures required by Article 4 shall be in writing and provided by Realtors prior to the signing of any contract.” represent themselves 2. represent a member of their immediate family 3.

Realtors 333

Realtors Finance Agents Legal 333

McKissock

JULY 6, 2022

The reality, however, is many agents struggle to properly set and manage the client’s expectations of how the chaos is going to work and how the process is going to play out. Managing client expectations is critical, and sadly, often overlooked as part of the agent/client relationship. As agents, we know better.

Clients 87

Clients Real Estate Contracts Sellers 87

Housing Wire

MARCH 29, 2024

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

Sellers 418

Sellers Real Estate Buyers Contracts 418

GoForrmz

JANUARY 19, 2023

Capture legally binding electronic signatures within your digital forms. In an all-digital world, meeting the data security and compliance requirements with your workplace documents is a minimum expectation of your clients.

Business 148

Business Legal Contracts Clients 148

Housing Wire

SEPTEMBER 26, 2023

In addition, it resulted in legal fees due to 10 class actions and at least two individual lawsuits. Instead of using deidentified or dummy data, it used actual consumer data from Mr. Cooper’s clients, such as names and bank account details. Mr. Cooper alleges the incident made media headlines nationwide, damaging its reputation.

Mortgage 343

Mortgage Legal Fees Legal Contracts 343

Housing Wire

DECEMBER 19, 2023

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. District Court for Central California.

Clients 405

Clients Contracts Mortgage Legal 405

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

DECEMBER 21, 2022

A representative for CrossCountry told HousingWire, “As a matter of practice, we do not comment on legal matters.” . Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”.

Legal 376

Legal Loan Officers Contracts Business 376

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 347

Real Estate Contracts Law Real Estate Agent 347

Housing Wire

FEBRUARY 25, 2022

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 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. Seely’s attorneys did not immediately respond to requests for comments.

Retail 385

Retail Contracts Loan Officers Mortgage 385

Housing Wire

MARCH 28, 2024

In its filing, HomeServices asked for a review of an August 2023 ruling by the Eighth Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Real Estate Agent 359

Real Estate Agent Realtors Real Estate Sellers 359

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion.

Sellers 414

Sellers Buyers Real Estate Agents 414

Housing Wire

OCTOBER 20, 2023

She said that prior to joining the lawsuit, she was unaware that clients could negotiate the commission and claimed that she would have “gone a different direction” if she had known. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing. in commissions with buyer’s agent getting 2.7%.

Contracts 390

Contracts Agents Buyers Real Estate 390

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

MARCH 19, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Sellers 344

Sellers Realtors Law Contracts 344

Housing Wire

MARCH 27, 2024

In its filing, HomeServices asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Law 372

Law Sellers Realtors Contracts 372

Housing Wire

FEBRUARY 16, 2024

According to the DOJ, when a seller makes an offer of compensation to the buyer broker, the buyer broker does not need to compete on their compensation price in order to attract clients.

Sellers 423

Sellers Buyers Real Estate Contracts 423

Housing Wire

MAY 6, 2024

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 314

Law Real Estate Real Property Contracts 314

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. MLS system underpins that American Dream, and I have hundreds of clients who would agree. experience.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

FEBRUARY 27, 2024

Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. 27, 2019, and the present — 118 different client agreements that are subject to arbitration fall under the laws of 35 different states.

Realty 380

Realty Real Estate Law Brokerage 380

Housing Wire

NOVEMBER 3, 2023

Maintaining MLS access is important if you want to still serve your clients,” Stella said. “I Chip Stella, a LandVest broker, is in the camp that believes brokerage provisions no longer requiring NAR membership will have an impact on membership numbers, but he isn’t sure how large it will be. I actually do still believe in our organization.

Realtors 414

Realtors Agents Brokerage Contracts 414

Housing Wire

MAY 4, 2021

“And since there’s no limit to the number of documents you can execute through QuickSign, organizations can use it for sales contracts, legal or human resource documents as well.” Based in Florida, ProperSign is following the wave of notarization companies that are moving their entire process online.

Tools 275

Tools Human Resources Technology Real Estate 275

GoForrmz

DECEMBER 21, 2022

With GoFormz, you can easily collect legally binding electronic signatures in your digital forms. Equip your forms for construction with eSign fields to instantly generate and collect signed contracts, invoices, and more! Our eSign fields ensure that you are collecting legally binding signatures in your digital forms.

Construction 78

Construction Legal Contracts Clients 78

Housing Wire

APRIL 5, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Brokerage 381

Brokerage Sellers Law Contracts 381

Housing Wire

NOVEMBER 17, 2023

During the podcast episode, which is from September 2019, Dalton is asked if he has a technique for when clients ask him to cut his commission. He tells listeners that he uses the following script: “There’s no bleeping bleeping way I’m going to cut my bleeping bleeping commission[.

Training 372

Training Realtors Agents Real Estate 372

Housing Wire

MAY 3, 2024

Amy Lessinger , the newly appointed president of RE/MAX, attributed at least some of declining domestic agent count to the overall industry contraction. annualized decline in U.S. agent count — to 53,919 agents — was the largest contributor to this decrease, but it was partially offset by a 5.5% increase in agent count outside of the U.S.

Agents 351

Agents Real Estate Training Buyers 351

Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner.

Modernization 355

Modernization Legal Contracts Mortgage 355

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 387

Buyers Agents Loan Officers Real Estate 387