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Sitzer plaintiffs expected to rest their case today

Housing Wire

Roger Alford, a law professor from Notre Dame, was also called to testify on Friday. During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.” With Glass expected to kick off the defense arguments for NAR, a clearer picture should emerge in the coming days.

Legal 349
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AI could improve racial equity in homeownership, but there’s work to be done

Housing Wire

Nearly 50 interviews from staff members in the federal government, financial technology companies, mortgage lenders and consumer advocates found that the ability of AI to improve racial equity can be undermined by the data used to train the algorithm, not just by the algorithm itself.

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Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

Like he did in the Sitzer-Burnett trial, Ketchmark referenced brokerage training materials and speeches given by CEOs like Gary Keller of Keller Williams , in which commissions are discussed. If it’s not collusion, then what is it?” Lamacchia responded by saying that he was unwilling to accept this as the purpose of NAR’s Participation Rule.

Realtors 414
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

Legal 457
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Mortgage Tech Demo Day: Title Leader

Housing Wire

Title Leader is designed specifically for default services law firms, whether you have a captive title company or not. No more unique, unwritten, workflow-silos, that are hard to train, that have wide cracks, and that vary greatly in effectiveness. #3. Title Leader. Now more work can be done by fewer FTEs! #2.

Mortgage 168
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5 best Arizona real estate schools for 2024

Housing Wire

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Deluxe: Required 90 hrs of coursework.

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RON is here to stay – Here’s what you need to know

Housing Wire

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. Ensuring that your RON vendor complies with your state’s laws is imperative when preparing to offer RON. How should you prepare for RON?

Law 356