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NAR rival, MLSs reach a settlement agreement over pocket listings ban

Housing Wire

The PLS.com and three of the nation’s largest multiple listing services have reached a settlement agreement in their ongoing legal battle. The PLS.com was founded in 2017 by Mauricio Umansky, David Barnes, James Harris and Christopher Dyson. The original lawsuit was dismissed in Feb.

Legal 413
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NAR dismissed from pocket listing ban lawsuit

Housing Wire

Two days after The PLS.com and three of the nation’s largest multiple listing services notified the court they had reached a settlement in their ongoing legal battle, the listing site filed a motion to dismiss the only remaining defendant, the National Association of Realtors , without prejudice. The original lawsuit was dismissed in Feb.

Legal 391
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Former agents continue to file lawsuits against Keller Williams

Housing Wire

In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits.

Agents 384
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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 A settlement with the U.S.

Legal 457
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33 states go after Ocwen/PHH Mortgage over servicing fees

Housing Wire

Both Ocwen and PHH have come under legal fire in recent years, after a 2017 cease-and-desist order prohibited the acquisition of new mortgage servicing rights and the origination of mortgage loans by subsidiary Ocwen Loan Servicing until the company was “able to prove it can appropriately manage its consumer mortgage escrow accounts.”.

Mortgage 402
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Guaranteed Rate Affinity sues former originators over advanced compensation

Housing Wire

Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. Guaranteed Rate Affinity is a joint venture established in 2017 by Guaranteed Rate and Anywhere Real Estate (former Realogy ).

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“Enough is enough.” Redfin leaves NAR in wake of sexual harassment allegations

Housing Wire

Since joining NAR in 2017, Redfin said that it has paid “more than $13 million in dues, in an effort to influence NAR to advocate for an open, technology-driven marketplace that would benefit consumers.” Agents shouldn’t have to underwrite policies and legal efforts that hurt consumers when most of us got into real estate to help consumers.”

Brokerage 376