Housing Wire

APRIL 24, 2023

The mortgage trade group said it was concerned that the CFPB and DOJ would hold lenders liable for the actions of an appraiser, who is neither an employee nor an agent of the lender, a reference to a case in U.S.

Appraisal 353

Appraisal Valuation Legal Mortgage 353

Valuation Nation

JANUARY 27, 2020

Incorporation by reference is the major premise of what Mr. Bagott is writing about and in this update, he is looking at the Texas Railroad Commission. The author responds and updates information regarding The Appraisal foundation. She’s at Haley.Cochran@rrc.texas.gov. The Texas Railroad Commission is doing everything right.

Valuation 40

Valuation Government Appraisal Legal 40

Housing Wire

MAY 30, 2024

The request “Mortgages come with many associated fees and costs, referred to as ‘closing costs,’ that are due by the time the loan closes or when the borrower signs the loan agreement,” the CFPB stated.

Mortgage 322

Mortgage Government Finance Legal 322

Housing Wire

NOVEMBER 28, 2023

Decades ago, zoning laws were used to legally segregate local communities based on race. This is referred to as NIMBYism, an acronym for the phrase “Not In My BackYard.” Smaller lot sizes mean more units can be built, and legalizing accessory dwelling units (ADUs) makes more efficient use of already-existing homes.

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Law Government Legal Construction 377

Housing Wire

MARCH 29, 2024

CMLS goes on to argue that the court should evaluate the settlement agreement proposed by the plaintiffs and MLS PIN without any reference to the DOJ’s statement of interest. Prohibiting offers of compensation from brokers and sellers is a drastic imposition of MLS regulation on legal activities of listing brokers and sellers.

Sellers 406

Sellers Real Estate Buyers Contracts 406

Housing Wire

OCTOBER 25, 2023

The drama continues on Wednesday After a night to think it over, HomeServices of America filed a motion for a mistrial, claiming that the Tom Ferry podcast, which the filing refers to as the “ambush video,” is “extraordinarily prejudicial.” According to the filing, the video was not produced during discovery or placed on the Exhibit List.

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Sellers Realtors Real Estate Design 334

Housing Wire

FEBRUARY 3, 2023

The lawsuit brought to light comments made by Sturner on the show, referring to majority-African-American neighborhoods as the “jungle,” “scary,” and places where you “drive very fast,” and “you don’t look at anybody or lock on anybody’s eyes.” The CFPB declined to comment on the decision, for which it can appeal.

Advertising 283

Advertising Legal Retail Law 283

Housing Wire

AUGUST 13, 2020

Central bank digital currencies, or CBDC’s, refer to cryptocurrencies issued by central banks and are intended to supplement some sort of fiat currency (currency established as money but has no intrinsic value). Through CBDC’s, central banks have the ability to trace and track every transaction in real-time.

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Legal Technology Development Finance 437

Housing Wire

MARCH 24, 2023

Artificial intelligence refers to computer systems designed to perform tasks that usually require human intelligence, such as recognizing speech, identifying patterns or making decisions. ChatGPT wrote it as a legal issue and all of a sudden, the developer showed up at her house,” he said. But first things first.

Loan Officers 465

Loan Officers Legal Development Marketing 465

Chicagoland Appraisal Blog

AUGUST 1, 2023

Whenever you come across “see addendum,” simply refer to the relevant addendum then return to the main appraisal document to continue. The legal description and the assessor’s parcel number (APN). The legal description is a detailed written description of the property’s boundaries and location.

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Appraisal Legal Construction Appraisal Process 148

Housing Wire

MARCH 7, 2024

The president will also reference the administration’s “war on junk fees,” targeting those that withstand added costs in the rental application process and throughout the duration of a lease under the guise of “convenience fees,” the White House said. “MBA

Construction 528

Construction Renovations Insurance Landlords 528

Housing Wire

MARCH 10, 2022

That’s a reference to agent’s total commission per sale. The fintech industry has lacked the clarity needed to know how to comply with legal norms,” he said. Like, why are [they] getting 6%?”. Louis Ledot, a lawyer at Foley & Larder , said gingerly exploring some regulations are better than none. For example, a home sale in St.

Real Estate 355

Real Estate Agents Investors Legal 355

Housing Wire

OCTOBER 6, 2023

18 edition of his Notorious ROB email newsletter , Hahn also called attention to the relatively low dollar amounts for both settlements, referring to them as “bargain-basement pricing.” “The In the Sept. The $55 million is… laughably small.

Agents 352

Agents Brokerage Realtors Real Estate 352

Housing Wire

OCTOBER 26, 2023

I would say it’s impossible,” Wilson said, in reference to steering. A judgment as a matter of law is permissible if there is no legally sufficient basis for a reasonable jury to find for the nonmoving party (in this instance, the plaintiffs) on the issue. Wilson echoed Frazier’s sentiments on ReeceNichols’ commission guidelines.

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Law Agents Brokerage Buyers 336

Housing Wire

JANUARY 26, 2024

It devolved into a battle about historic facts, old-school MLS listing books, pronunciation corrections and even references to the kid-friendly restaurant chain Chuck E. The hourlong debate began with both participants discussing their motivations for participating.

Realtors 405

Realtors Law Agents Real Estate 405

Appraiserblogs

JULY 27, 2022

ASC just sent a letter to state appraiser regulatory officials pointing out that the USPAP update course is factually inaccurate and puts appraisers in legal jeopardy if they follow it.

Legal 126

Legal Appraisal 126

Housing Wire

DECEMBER 20, 2023

I’m feeling the pressure to cut my pay, because when I do it, and my agent partners, they see that I do that, and then they’ll tell people they refer to me. It’s the ultimate in legalized fraud. Ciardelli says he asked about the bucket pricing game and attorneys all told him no, it’s not legal, he said. “I’ll

Loan Officers 437

Loan Officers Clients Law Legal 437

Housing Wire

JUNE 29, 2023

Refer to public record data to determine the authenticity of supporting documents contained in the loan file.” For lenders who suspect that they may have clients attempting to perpetrate the scheme, Fannie Mae recommends documenting all applicable details.

Real Estate Agent 350

Real Estate Agent Mortgage Design Real Estate 350

Lamacchia Realty

MAY 6, 2024

Their job is to pay close attention to every detail to make sure the agreement i ncludes all the legal requirements. Negotiating the Fine Legal Points When it comes to negotiations, your Realtor’s job is to negotiate the best terms and conditions for your purchase. When Do I Need an Attorney?

Real Estate 70

Real Estate Legal Law Contracts 70

Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

Buyers 356

Buyers Sellers Agents Law 356

Housing Wire

NOVEMBER 27, 2023

In addition to what has become the “usual allegations,” the complaint also references the Department of Justice’s investigation into NAR , as well as the Sitzer/Burnett suit as evidence of the alleged conspiracy. “Moreover, they preclude a buyer broker from presenting offers to sellers that are predicated on lowering this commission.”

Real Estate 429

Real Estate Real Estate Agent Sellers Realty 429

Housing Wire

JULY 22, 2022

The current application packages and final doc sets have become very long and full of legal jargon that most laymens don’t understand. But, I am confident that this question was intended to reference the housing market. Omar Ennabe: I would like to see the document packages for reverse mortgages become much simpler.

Technology 322

Technology Investors Housing Market Legal 322

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 379

Real Estate Agent Real Estate Brokerage Law 379

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals. Standards rule 2-2 specifically.

Valuation 360

Valuation Contracts Appraisal Legal 360

Appraisal Buzz

NOVEMBER 1, 2021

Although economic, legal, locational, and physical similarities are important, that is not what I am referring to in this case. What I am referring to is the variance between a comparable sales price and its value. While that may seem obvious, the ‘why’ question here is important.

Appraisal 370

Appraisal Tools Appraisal Process Legal 370

Housing Wire

NOVEMBER 9, 2020

In business, kaizen refers to activities that continuously improve all functions and involve all employees from the top down. The model legislation creates legal certainty across the country by providing a uniform and consistent framework that is based on a common set of core principles. In Japan, the word for “improvement” is kaizen.

Law 431

Law Legal Technology Real Estate 431

GoForrmz

FEBRUARY 20, 2024

Your data is secure with GoFormz In an era where data is often referred to as the new gold, businesses are becoming increasingly concerned about the safety and security of their sensitive information. For example, an HR representative can send a hiring contract to a new employee, who can then fill it out and complete it digitally.

Legal 78

Legal Law Contracts Business 78

Housing Wire

MAY 27, 2022

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. I continue to refer to this as the best piece of advice I have ever received because it reflects two key values.

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Modernization Legal Contracts Mortgage 330

Housing Wire

MARCH 11, 2022

But the people Barton was referring to would seem to primarily be consumers, not agents.). Others were legal and tax questions – if you fractionalize an NFT does it become a security and become subject to the Securities Act of 1933? “Instead of corporations like Zillow , you the agents have the power.”.

Real Estate 339

Real Estate Real Estate Agent Agents Insurance 339

Housing Wire

OCTOBER 29, 2021

Racially restrictive covenants refer to contractual agreements that prohibit the purchase, lease or occupation of a piece of property by a particular group of people. Kraemer that these covenants were legally unenforceable and violated the Equal Protection Clause of the 14th Amendment. In 1948, the U.S.

Legal 393

Legal Advertising Real Estate Contracts 393

Housing Wire

AUGUST 17, 2023

Freedom reportedly denied requests for event sponsorship from real estate brokerages that did not refer mortgage business to Freedom’s loan officers. Agents and brokers with access to subscription services made more than 1,000 mortgage referrals to Freedom since 2017, according to the CFPB.

Realty 369

Realty Mortgage Brokerage Real Estate 369

Housing Wire

DECEMBER 11, 2023

Comments include sexual references, he said. According to Tucker’s complaint, his white coworkers and leaders would “hurl insensitive as well as racist comments based upon his status as a Black man.”

Human Resources 336

Human Resources Mortgage Marketing Legal 336

Housing Wire

NOVEMBER 17, 2023

In their filing, the plaintiffs highlight HomeServices’ franchise agreements, training videos, as well as the now infamous Allan Dalton video, as evidence of HomeServices enforcing the National Association of Realtors’ Clear Cooperation policy.

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Training Realtors Agents Real Estate 344

Appraisal Buzz

APRIL 15, 2024

In their software, appraisers have historical files that they may want to refer to, they have extensive template language already developed, and frankly they’re just used to it. In addition to mortgage work, they may do legal work, estates as well as many other channels of business. There are numerous reasons for this hesitancy.

Appraisal 397

Appraisal Design Lending Technology 397

Housing Wire

OCTOBER 31, 2023

He also stressed that NAR’s legal guidance warns agents not to discuss pricing with other agents in the trade association and that they should distance themselves if they find themselves in such a discussion. Schulman said, ‘I can draw an inference of conspiracy from the data’.

Agents 373

Agents Sellers Buyers Law 373

Housing Wire

AUGUST 9, 2022

More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies. For decades, settlement services firms staked their reputations on personalized customer service and regional or local expertise, rather than cutting-edge technologies. All of that carries a cost.

Technology 446

Technology Business Agents Clients 446

Housing Wire

DECEMBER 20, 2023

The suit takes aim at NAR’s Participation Rule, which is referred to as the Cooperative Compensation Rule in this suit, which requires listing brokers to make a blanket offer of compensation to the buyer’s broker in order to list the property on a Realtor-affiliated MLS.

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Real Estate Sellers Realtors Brokerage 325