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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands. Co-opetition.’”

Training 401
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?

Training 366
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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

A 2015 NAR study noted that becoming a licensed agent takes on average 70 hours, which is 302 hours less than it takes to become a cosmetologist. The surfeit of agents ensures that many will not be able to receive adequate personal training and mentorship.” On this, NAR has previously reached the same conclusion.

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Payload partners with PDS to integrate SoftPro

Housing Wire

With training and education, the number is now reduced to a little more than 8% in these attempts by scammers. According to the Federal Trade Commission (FTC), check fraud has increased by 65% since 2015. To boot, check fraud is also on the rise.

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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Kang, an LO who worked at Wells Fargo between 2000 and 2015, alleged that the bank paid advances on commissions at a rate of $12 per hour but then clawed it back. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Legal 466
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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022.

Law 380
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Fairway delivers service dogs to veterans?

Housing Wire

Fairway founded AWI in 2015 and underwrites all expenses of the nonprofit, with Fairway employees donating millions of dollars to the non-profit over the years. Because of the pandemic, service dog companies either completely shut down or drastically reduced the training of dogs,” Thaxton said.

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