Housing Wire

APRIL 17, 2024

In a writ of certiorari filed in early February, HomeServices told the Supreme Court that each of its client contracts state that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 421

Contracts Brokerage Law Real Estate Agent 421

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan. UWM sued Kevron Investments Inc.,

Mortgage 417

Mortgage Law Brokerage Legal 417

Housing Wire

FEBRUARY 28, 2024

As brokerages across the country have begun implementing buyer agency contracts into their business practices in the wake of the Sitzer/Burnett commission lawsuit verdict, the Consumer Federation of America is warning consumers that they may be filled with “unfair provisions” that primarily protect agents and brokers.

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Buyers Contracts Agents Realtors 455

Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months.

Real Estate 369

Real Estate Legal Brokerage Clients 369

Housing Wire

FEBRUARY 5, 2024

In a court document filed on Friday, HomeServices of America told the Supreme Court that each HomeServices of America client contract states that the “signatories can arbitrate any claim or dispute arising out of the contract.” There is no dispute that the plaintiffs agreed to contracts that include mandatory arbitration provisions.

Contracts 410

Contracts Brokerage Law Real Estate Agent 410

Housing Wire

JUNE 6, 2023

The settlement, reached on June 5, dismissed the lawsuit with prejudice, requiring Mid Valley to pay $40,000 to UWM, as the brokerage firm acknowledges that it sent loans to Rocket and/or Fairway after the ultimatum was in effect. The lender also sued Californian brokerage shop Kevron Investments Inc.

Brokerage 370

Brokerage Contracts Legal Business 370

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Therefore, we will follow the agreed upon contract and win damages.” UWM sued Kevron Investments Inc.

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Contracts Loan Officers Lending Retail 441

Housing Wire

OCTOBER 2, 2023

Most brokerages are only a loose affiliation of independent agents, and none of us wants to impose a policy that could alienate any of the people who generate our revenue.” In leaving NAR, the brokerage said it will explore other ways to achieve those goals. Despite this decision, Redfin said that in roughly half of the U.S.,

Brokerage 381

Brokerage Agents Realtors Legal 381

The Robert Weiler Company

JANUARY 2, 2021

Are you familiar with a land contract in Ohio, as well as the state-specific requirements? What is a land contract in Ohio, really? Essentially, a land contract is an alternative financing option if you’re investing in: Farmland or raw land. So, what is a land contract agreement, and how does it work? A home or condo.

Contracts 143

Contracts Tenants Legal Sellers 143

Inman

MAY 8, 2023

Charlie Lee, the National Association of Realtors' senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday.

Contracts 156

Contracts Legal Realtors Agents 156

Housing Wire

OCTOBER 23, 2023

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. The day started with video depositions of four real estate brokerage executives.

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Law Agents Realtors Contracts 432

Housing Wire

SEPTEMBER 25, 2023

The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts. In addition, the Florida-based firm has been essentially banned from operating in 14 states through legislation.

Realty 450

Realty Real Estate Agent Legal Agents 450

Housing Wire

SEPTEMBER 15, 2023

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.

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Loan Officers Legal Real Estate Lending 410

Housing Wire

APRIL 5, 2024

The brokerage firm argued that if these settlements are rejected or challenged, the math for the final judgement amount would change. In addition, the brokerage firm noted that it does not have an immediate interest in appeal as they are still dealing with their post-trial motions.

Brokerage 421

Brokerage Sellers Law Contracts 421

Housing Wire

MAY 3, 2021

REX replied to the legal filing in a company statement Monday. REX has argued that this “other” is pejorative and an attempt by NAR member brokerages to increase an anti-competitive stranglehold on home sales. Zillow and NAR can’t continue to stifle consumer choice,” the statement read.

Brokerage 384

Brokerage Agents Advertising Legal 384

Housing Wire

MARCH 22, 2024

For the most part we are saying, at a minimum, we want a four- to six-month contract because the buying process can be a lengthy process,” said Amy Breach, a broker with the Seattle-based and Keller Williams -branded The Hill Team. But the Washington state contracts come with the option to make the relationship exclusive or nonexclusive.

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Buyers Contracts Real Estate Agents 479

Housing Wire

FEBRUARY 27, 2024

Due to how HomeServices and its affiliates handle their client contracts, if a dispute arises, each client is entitled to individual arbitration of their claims. who sold a house on an MLS and used an agent from one of the brokerage defendants between Dec. In the Umpa suit — which is seeking class-action status for everyone in the U.S.

Realty 421

Realty Real Estate Law Brokerage 421

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. The disputes involve Californian brokerage shops Kevron Investments Inc. and Mid Valley Funding & Inv. Inc and a request of $420,000 in damages. .

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

NOVEMBER 3, 2023

Chip Stella, a LandVest broker, is in the camp that believes brokerage provisions no longer requiring NAR membership will have an impact on membership numbers, but he isn’t sure how large it will be. Well, last I checked, Colorado still has a record number of Realtor members and last I checked, California still has 162,000 Realtor members.”

Realtors 432

Realtors Agents Brokerage Contracts 432

Housing Wire

JULY 26, 2021

Solicitors are legally required when purchasing a home in Ireland.). They also had to pay for the brokerage sign outside their home, newspaper advertising, online ads and the brochures for potential buyers. Not to mention all the other financial, legal and community details real estate agents help consumers understand.

Real Estate Agent 384

Real Estate Agent Real Estate Sellers Legal 384

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. million for repeatedly violating the terms of the agreement.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

MARCH 11, 2022

According to the legal filings , Barber’s alleged goal was to take real estate “prospects and leads assigned to other brokers” for “his own personal benefit” and that of the other defendants, Darcy Varney and eXp Realty. Barber had been working for the Harrelson Group on a contract basis since March of 2017. and 5:30 a.m.

Real Estate 370

Real Estate Realty Real Estate Agent Legal 370

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

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Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

AUGUST 31, 2023

According to the filing, after the franchisees signed a contract, the defendants then required franchisees to adopt KWRI’s present market cap, which is the fee agents pay their market centers. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd.

Contracts 410

Contracts Brokerage Business Training 410

Housing Wire

NOVEMBER 3, 2023

Because the larger brokerage firms, historically, tend to represent more buy side than sell side, they “may be looking at a big loss of revenue,” says Murray. ” So, he recommends brokerages “manage their companies away from a sales office-based culture.” “He got up to 20% to 30%, as I recall.”

Real Estate 324

Real Estate Brokerage Buyers Property Management 324

Housing Wire

DECEMBER 26, 2023

And the school’s practice tests, contract workshops, and other tools are designed to ensure confidence as you begin your career. Topics include basic real estate practices & principles, real estate law, financing, brokerage, contracts, closings + more Required 30 hrs of post-licensing coursework.

Real Estate 421

Real Estate Real Estate Agent Design Law 421

Housing Wire

FEBRUARY 16, 2024

All of the brokerage defendants except for HomeServices of America have settlement agreements related to the suit. Preventing sellers and listing agents from setting buyer-broker commissions would promote greater price competition and innovation in the market for brokers’ services,” the DOJ wrote in the filing.

Sellers 432

Sellers Buyers Real Estate Contracts 432

Listing Spark

SEPTEMBER 1, 2023

Instead, investor-friendly brokerages are a better fit for your goals. Most important is a brokerage that’s built for investment deals , not one that only works with conventional homeowners. Learn more about why choosing the right investor-friendly brokerage is so important and what to look for when you start your search.

Investors 36

Investors Brokerage Real Estate Agent Real Estate 36

Housing Wire

NOVEMBER 30, 2023

3] [4] Step 2: Select a sponsoring real estate brokerage The state of Ohio requires anyone who wants to be licensed as a real estate agent to be sponsored by a brokerage before they take the licensing exam. Ready to find a real estate brokerage? Look for a broker who specializes in that niche.

Real Estate 431

Real Estate Real Estate Agent Brokerage Agents 431

Housing Wire

SEPTEMBER 7, 2023

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages. “The

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

MAY 3, 2024

Amy Lessinger , the newly appointed president of RE/MAX, attributed at least some of declining domestic agent count to the overall industry contraction. annualized decline in U.S. agent count — to 53,919 agents — was the largest contributor to this decrease, but it was partially offset by a 5.5% increase in agent count outside of the U.S.

Agents 420

Agents Real Estate Training Buyers 420

Housing Wire

OCTOBER 9, 2023

1] As a real estate broker in Illinois, it is not legal for you to work independently. Ready to find a real estate brokerage? To select the best brokerage for you, here are four things to consider: 1. Anyone who wants to buy and sell real estate in Illinois must possess a real estate broker license. [1]

Real Estate Agent 421

Real Estate Agent Real Estate Agents Brokerage 421

Raleigh Realty

MARCH 23, 2021

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. What Real Estate Contract do I Use When Selling For Sale By Owner?

Real Estate Agent 133

Real Estate Agent Real Estate Realtors Contracts 133

Eppraisal

JULY 12, 2022

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money. What Happens to the Earnest Money if the Contract is Canceled?

Contracts 36

Contracts Real Estate Agent Sellers Real Estate 36

Housing Wire

OCTOBER 22, 2023

Requirements to get your real estate license in Texas Getting your real estate license in Texas comes down to fulfilling your qualifying education requirement, applying for your license, getting your background check, taking and passing the exam, and finding a sponsoring brokerage.

Real Estate 410

Real Estate Real Estate Agent Agents Brokerage 410

Housing Wire

NOVEMBER 16, 2023

billion in damages to residential home sellers who successfully proved that the organization – which represents real estate agents at most of the top brokerages in the United States – colluded with other defendants to inflate agent commissions. Unless the decision is appealed, NAR will have to pay at least $1.8

Realtors 421

Realtors Contracts Real Estate Agents 421

Housing Wire

DECEMBER 29, 2021

Caballero does not have to guide these corporate clients through the legal and administrative work — and emotional heft — of selling a home. HousingWire : Now, at the point of contract where an agent or consumer sees a home entered by HomesUSA, what happens next? His job is to ensure homes are being seen.

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Realtors Real Estate Agent Agents Real Estate 396