article thumbnail

CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

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.

article thumbnail

Bay Area team bolts Compass for Side

Housing Wire

Another group of California agents has left Compass for Side , this time in the luxury, coastal environs of Marin County. OWN Marin, a veteran team of five agents, announced last week that they switched from the New York-headquartered brokerage to the San Francisco-based outfit.

Brokerage 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. These employee agents are exceedingly more productive than the average independent contractor agent. million real estate agents. A profitable division.

Business 369
article thumbnail

What to Do If The Home You’re Buying has Defective Drywall

Lamacchia Realty

Whether you’re an experienced real estate investor or a first-time homebuyer , it’s extremely important to have a full understanding of the problems surrounding defective drywall, and what to do if it’s found in the house you’re purchasing. What Exactly is Defective Drywall?