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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. In her testimony, she noted that training modules receive very few views.

Law 407
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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. He added that ReeceNichols, which has roughly 2,000 agents spread out over 21 offices in Kansas City, created its own policies and procedures, and that it was responsible for the training of the firm’s agents.

Law 345
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Sitzer plaintiffs expected to rest their case today

Housing Wire

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. Roger Alford, a law professor from Notre Dame, was also called to testify on Friday.

Legal 345
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Financing proves an obstacle for ADUs

Housing Wire

Accessory dwelling units are increasingly legal. “However, the rental income can account for no more than 30% of the borrower’s total stable income and the borrower must have either had landlord experience or taken a landlord training course,” the report reads. ADUs were legalized statewide in 2017.

Finance 372
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo agreed to pay $95.7 The deal will provide $62.8

Legal 457
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NAR staffers demand resignation of Bob Goldberg, other leaders

Housing Wire

On Thursday, the trade group informed members that it was bringing in a third-party human resources reporting system and a third-party independent law firm to conduct a review of the organization. The letter also addresses a separate letter from Denise Drake, an attorney at Polsinelli Law Firm , to Goldberg dated July 14, 2023.

Law 349
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Feds seek to enlist real estate agents in anti-corruption push

Housing Wire

FinCE N is a law enforcement arm of the U.S. FinCEN also solicits comments on whether and how to assign a reporting requirement to any or all of the following entities: Title insurance companies, title or escrow companies, real estate agents or brokers, real estate attorneys or law firms, settlement or closing agents.”.