Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

Buyers 361

Buyers Contracts Agents Realtors 361

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 467

Buyers Contracts Real Estate Agents 467

Housing Wire

MAY 2, 2024

The former eXp Realty agent at the center of the firm’s current legal battles involving sexual assault allegations has filed his own lawsuit against the brokerage, which accuses founder Glenn Sanford of defaming him during the firm’s Q3 2023 earnings call in November 2023. Sanford and eXp were dismissed from this suit in January 2024.

Agents 326

Agents Realty Law Brokerage 326

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.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 384

Contracts Brokerage Law Real Estate Agent 384

Housing Wire

DECEMBER 5, 2023

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. 28, an arbitrator awarded Black Knight $155.2 In March 2020, the companies entered arbitration.

Contracts 386

Contracts Development Legal Law 386

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 339

Real Estate Contracts Law Real Estate Agent 339

Housing Wire

JANUARY 11, 2024

By law, the mortgages were the ‘absolute property’ of GNMA.” TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” TCB’s interest, Ginnie Mae said, “derived entirely from RMF.” District Court for the District of Delaware.

Lending 384

Lending Government Legal Law 384

Housing Wire

DECEMBER 11, 2023

Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law.

Tenants 301

Tenants Landlords Law Advertising 301

Housing Wire

NOVEMBER 13, 2023

The firm informed law enforcement, regulatory authorities and other stakeholders. ” Mr. Cooper is accused of negligence, breach of implied contract and unjust enrichment, among other claims. At this time, however, it’s not possible to quantify the full extent of remediation and legal expenses due to the cyberattack.

Legal 544

Legal Law Contracts Technology 544

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. A seller-client cancels a listing.

Real Estate 305

Real Estate Legal Brokerage Clients 305

Housing Wire

MAY 21, 2024

The divided panel’s decision in this significant government-contract interpretation case goes ‘where no court has gone before,’ directly conflicts with precedents of this Court and the Supreme Court, and will reshape the landscape for all ‘who find themselves on the other side of the bargaining table’ with the government,” the petition states.

Government 368

Government Contracts Realtors Law 368

Housing Wire

NOVEMBER 16, 2023

Real estate forms : It is said that a contract is only as good as the paper it’s written on, and real estate purchase contracts are written on template legal documents that have been reviewed and approved by state-level real estate departments. Rajesh Bhat serves as a Board Director of The Mortgage Office.

Realtors 397

Realtors Contracts Real Estate Agents 397

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

Retail 391

Retail Legal Lending Business 391

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Housing Wire

FEBRUARY 21, 2024

That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since. We are federal law enforcement, so we have the same capabilities to make arrests, conduct interviews and issue subpoenas.

Law 367

Law Contracts Design Tenants 367

Housing Wire

MARCH 27, 2024

Rule 23(b)(3) requires that the court “find that ‘questions of law or fact common to class members predominate over any questions affecting only individual members,’ and that a class action is the ‘superior’ method of adjudication of the controversy. HomeServices of America still has a writ of certiorari out with the U.S.

Law 364

Law Sellers Realtors Contracts 364

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. loanDepot filed the lawsuit on Oct.

Contracts 356

Contracts Legal Retail Training 356

Housing Wire

MARCH 29, 2024

Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area. Prohibiting offers of compensation from brokers and sellers is a drastic imposition of MLS regulation on legal activities of listing brokers and sellers.

Sellers 416

Sellers Real Estate Buyers Contracts 416

Housing Wire

FEBRUARY 9, 2024

UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. Okavage Group had requested the court to declare the ultimatum illegal under federal and Florida antitrust laws. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 399

Contracts Retail Mortgage Lending 399

Housing Wire

DECEMBER 6, 2023

Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights. Natural disasters.

Real Estate 394

Real Estate Legal Tenants Clients 394

Lamacchia Realty

MAY 6, 2024

When you hire a real estate attorney, you’re getting someone who is licensed to practice law with industry specific experience. Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. What does a Real Estate Attorney do?

Real Estate 70

Real Estate Legal Law Contracts 70

Housing Wire

FEBRUARY 6, 2024

The defendants allegedly demanded between 10% and 20% of the contract value, with amounts ranging from $500 to $2,000 depending on the size of the contract. Attorney’s office and our law enforcement partners to prevent and detect these and other schemes.” Some defendants “demanded even higher amounts,” according to SDNY.

Contracts 368

Contracts Law Development Business 368

Housing Wire

DECEMBER 20, 2023

It’s the ultimate in legalized fraud. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender. Steve vonBerg, an attorney at law firm Orrick in Washington, D.C., And the loan officers know that they’re violating the law. It’s greed.”

Loan Officers 444

Loan Officers Clients Law Legal 444

Housing Wire

MARCH 28, 2024

HomeServices still has a motion for a new trial and a motion for judgment as a matter of law before the court. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. The firm also still has a writ of certiorari with the U.S.

Real Estate Agent 351

Real Estate Agent Realtors Real Estate Sellers 351

Housing Wire

FEBRUARY 2, 2021

In a Friday brief, the coalition alleged the charges by PHH are “illegal” and “improper” because the authorization of these fees cannot be found in the mortgage contracts. The cumulation of legal action from the states and the CFPB nearly put Ocwen out of business. PHH denied the allegation made by the 33 AGs.

Mortgage 402

Mortgage Legal Law Contracts 402

Housing Wire

JULY 26, 2023

In the recent court documents, NAR claims that the government’s arguments for resuming the probe into the trade group’s Participation Rule and Clear Cooperation Rule were “alarming” and would “destabilize the law” if accepted. In its early June brief, the DOJ argued that the lower court “made several serious errors of basic contract law.”

Government 317

Government Law Contracts Realtors 317

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 372

Realty Real Estate Law Brokerage 372

Housing Wire

MAY 21, 2024

Get input from a qualified attorney Seek legal advice, especially when dealing with contractual matters. A real estate attorney can provide guidance on local laws, review contracts, and ensure that your interests are protected throughout the home-buying process.

Real Estate Agent 413

Real Estate Agent Real Estate Inspection Tools 413

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

OCTOBER 4, 2023

A federal judge in New York has decided to dismiss the majority of accusations made by a former top executive at Better against the digital nonbank lender and other high-level executives, including claims related to labor and securities laws violations. Also, Garg’s motion to dismiss Pierce’s defamation claim was denied.

Law 366

Law Contracts Business Legal 366

Housing Wire

DECEMBER 26, 2023

And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework.

Real Estate 375

Real Estate Real Estate Agent Design Law 375

Housing Wire

MARCH 19, 2024

Damages from an anti-trust verdict are trebled as a matter of law and the motion filed by the plaintiffs yesterday, while premature was expected,” Chris Kelly, an executive vice president at HomeServices, wrote in an email. HomeServices continues to aggressively pursue all options to resolve our involvement in the outstanding litigation.”

Sellers 335

Sellers Realtors Law Contracts 335

Housing Wire

JULY 8, 2022

While the concept of providing resources for LEP consumers is not novel; the requirement of those resources and the specification as to which resources must be provided, as a matter of law, will likely demand a substantial adjustment by lenders and servicers. For example, a Nevada law (Assembly Bill No. More LEP activity.

Law 382

Law Advertising Contracts Government 382

Housing Wire

OCTOBER 20, 2023

In their cross examination, attorneys for the defendants established that Ellis had knowingly signed a contract to pay a certain commission and that she knew the commission would be shared with whoever the buyer’s agent was. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing.

Contracts 385

Contracts Agents Buyers Real Estate 385

Housing Wire

APRIL 18, 2024

In a lawsuit filed in late February in New Jersey, she accused G-Rate, Joseph Moschella and Jon Lamkin of violating New Jersey laws regarding discrimination, equal pay and unfair competition. She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts.

Loan Officers 406

Loan Officers Human Resources Contracts Mortgage 406

Appraisal Buzz

AUGUST 1, 2022

When trying to understand the meaning of words in this manner, there is a legal premise that applies specific to understanding the language called the plain meaning rule. Since USPAP is part of our regulations and laws that oversee our profession, it is the best place to start here as a professional. adjective.

Valuation 360

Valuation Contracts Appraisal Legal 360

GoForrmz

AUGUST 14, 2023

Digital Signature Form Field: The classic Signature form field is a generic, non-E-SIGN Act-compliant digital signature that is best suited for anything that isn’t legally binding. Always verify your use of eSignature with your local laws. The fields are stylized differently for the sake of legibility and ease of use for form creators.

Legal 128

Legal Contracts Law Inspection 128