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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. according to the company.

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Drama in the Myrtle Beach real estate scene

Housing Wire

Two Myrtle Beach Century 21 franchises have filed a lawsuit against eXp Realty , alleging that eXp Realty agent Joel Barber stole profits and private real estate data during secretive, “unauthorized” late night office visits. accessing “password-protected” company computers to steal client data.

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Nevada real estate firms hit with second commission lawsuit

Housing Wire

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. The copycat commission lawsuit was filed on Friday in U.S. District Court in Las Vegas by Nevada home seller Angela Boykin.

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“Greetings from Missouri!” Millions are finding commission lawsuit postcards in the mail. Agents say it’s an opportunity

Housing Wire

It was mid-February when clients, family and friends began asking Jason Posnick about strange postcards appearing in their mailboxes. Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. JND Legal Administration is in charge of distributing the mailers, emails and press releases.

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REBNY vows to fight copycat commission lawsuit

Housing Wire

In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” The work you do as agents and brokers moves New York City forward.

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Copycat commission lawsuits filed in Florida, Pennsylvania

Housing Wire

Plaintiffs in Florida and Pennsylvania filed lawsuits on Monday, accusing real estate industry players of allegedly colluding to artificially inflate real estate agent commissions. More home sellers on the East Coast are getting in on the commission lawsuit action. Both lawsuits are seeking class-action status.

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RESPA enforcement is back — are you ready?

Housing Wire

The Bureau issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island in mid-August, its first such enforcement action since 2017. That’s because real estate agents and loan officers are in survival mode and desperate to close new business. Can the LO back up the narrative?