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Kentucky passes bill to end ‘harmful’ listing contracts 

Housing Wire

Kentucky is on the brink of ending exclusive real estate listing contracts. The state’s General Assembly passed a bill to protect homebuyers from predatory contracts known as non-title recorded agreements for personal services (NTRAPS) or right-to-list agreements.

Contracts 360
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MV Realty files for bankruptcy

Housing Wire

Right-to-list agreement firm MV Realty has filed for Chapter 11 bankruptcy in 33 states. MV Realty currently faces lawsuits in multiple states for allegedly misleading consumers and homeowners. MV Realty operated in 33 states and has more than 500 real estate agents. MV Realty did not return a request for comment.

Realty 441
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California latest state to sue MV Realty over ‘predatory’ contracts

Inman

California AG Rob Bonta filed a lawsuit against the embattled brokerage on Thursday, accusing it of taking advantage of struggling homeowners.

Contracts 111
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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. On August 16, 2023, the IALC — the voice of Keller Williams Realty, Inc.’s Importantly, this change does not enrich Keller Williams Realty, Inc.

Brokerage 488
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What Does Under Contract Mean in Real Estate?

Raleigh Realty

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147
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Former eXp agent accused of sexual assault sues the firm for defamation

Housing Wire

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.

Agents 310
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SERHANT. enters Orlando real estate market

Housing Wire

The Raumakers began their career in real estate in 2016 at Keller Williams before joining eXp Realty in 2018 and launching The Home Squad. “In in violation of their contract. When we add agents from both traditional and non-traditional brokerages, it’s validating and a testament to how our model is working and unlike any other.”