Housing Wire
MAY 26, 2023
Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We In 2021, Florida was responsible for 12.8% of total land sales in the U.S.,
Housing Wire
JANUARY 9, 2024
District Court in Arizona, Joseph Masiello, an Arizona resident and home seller, accuses several real estate companies of colluding to artificially inflate real estate agent commissions. Masiello sold a home on an Arizona MLS through HomeSmart “in or about October 2021.” commission ($10,250) to the buyer broker.”
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Housing Wire
FEBRUARY 21, 2024
In her dismissal ruling on Tuesday, Wood wrote that the plaintiffs’ request for injunctive relief under the Sherman Antitrust Act “essentially mirror the allegations” made in the original 2021 complaint that she dismissed in May 2022 (which was previously known as the Leeder case). ” Wood also cited the $5.36
Housing Wire
NOVEMBER 29, 2021
in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% in October.
Housing Wire
DECEMBER 6, 2023
More home sellers on the East Coast are getting in on the commission lawsuit action. Similar to the other commission lawsuits, the latest two take aim at the National Association of Realtors’ Participation Rule, which requires the listing broker to make a blanket offer of compensation to the buyer’s broker to list the property on the MLS.
Housing Wire
FEBRUARY 28, 2024
The National Association of Realtors is facing yet another copycat commission lawsuit. At the center of the lawsuit is NAR’s Participation Rule, which requires listing brokers to make a blanket offer of compensation to buyer’s brokers in order to list a property on a Realtor association affiliated MLS. Filed on Tuesday in U.S.
Housing Wire
JANUARY 11, 2024
District Court in New York by Robert Friedman, a resident of Brooklyn who sold a property in Park Slope in May 2021 with the help of a Douglas Elliman agent. Instead, if a seller wishes to compensate the buyer’s agent, they must pay the agent themselves. It is not required for a seller to compensate a buyer’s agent.
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