Housing Wire

MARCH 26, 2024

Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. This change will not affect agents that retire or leave the real estate brokerage business.

Brokerage 493

Brokerage Legal Agents Realty 493

GoForrmz

JANUARY 19, 2023

Capture legally binding electronic signatures within your digital forms. With GoFormz + eSign, you can now seamlessly digitize your paper documents while capturing legally binding electronic signatures - all within seconds.

Business 148

Business Legal Contracts Clients 148

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.

Buyers 369

Buyers Contracts Agents Realtors 369

Housing Wire

AUGUST 8, 2023

Lender Toolkit accused Celebrity Home Loans and MLD Mortgage of breach of contract. Both lenders entered into a contract with Lender Toolkit in 2021. MLD’s Colorado business volume between 2019 and the present accounts for less than 0.1% Lender Toolkit says Celebrity owes at least $97,288 and MLD Mortgage $138,069.

Mortgage 284

Mortgage Contracts Legal Business 284

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S. the Nationwide Multistate Licensing System (NMLS) showed.

Retail 397

Retail Legal Lending Business 397

Housing Wire

JUNE 29, 2023

loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot.

Retail 377

Retail Contracts Legal Business 377

Housing Wire

DECEMBER 8, 2023

Prospective Arizona real estate agents must fulfill a 90-hour prelicensing program from an Arizona Department of Real Estate (ADRE)-approved school and pass a six-hour contract writing course , for a total of 96 class hours. Course includes contracts used in real estate transactions with samples and practical contract completion exercises.

Real Estate 347

Real Estate Contracts Law Real Estate Agent 347

Housing Wire

JUNE 6, 2023

UWM launched the “All in” initiative in March 2021, requiring brokers partners to stop sending loans to Rocket and Fairway for review, underwriting, purchase and funding if they were also doing business with UWM. UWM complained in the lawsuit that it provides brokers “considerable resources” to grow their businesses.

Brokerage 342

Brokerage Contracts Legal Business 342

Housing Wire

FEBRUARY 9, 2024

Okavage refused to sign an addendum, which states that brokers cannot engage in business with Fairway or Rocket. UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 403

Contracts Retail Mortgage Lending 403

Housing Wire

APRIL 15, 2024

As of now, in my marketplace, it is business as usual until the Department of Justice takes a stand ,” the respondent continued. Others noted that the practice of cooperative compensation has been codified as a legal practice in many states, so they ask their clients what they have read or heard and what specific questions they have. “I

Inventory 389

Inventory Agents Real Estate Sellers 389

GoForrmz

DECEMBER 5, 2022

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Business 78

Business Legal Law Contracts 78

Housing Wire

MARCH 22, 2024

Bills Clarke said this is exactly how agents already work with sellers, so it shouldn’t be a big deal to implement buyer agreements into a business. “We But the Washington state contracts come with the option to make the relationship exclusive or nonexclusive. As of Jan.

Buyers 468

Buyers Contracts Real Estate Agents 468

Housing Wire

MARCH 29, 2024

Third, it argues that the DOJ is ignoring the major disruption a transition to its preferred policies will cause consumers and “the many thousands of third-party businesses and entities involved in real estate in transactions.” “DOJ DOJ offers no evidence that such a change is necessary to achieve procompetitive purposes,” the brief states.

Sellers 418

Sellers Real Estate Buyers Contracts 418

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

DECEMBER 6, 2023

Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Many difficult situations involve legal and regulatory compliance in contract disputes, zoning violations, or tenant rights. Natural disasters.

Real Estate 397

Real Estate Legal Tenants Clients 397

Housing Wire

SEPTEMBER 26, 2023

Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago.

Mortgage 343

Mortgage Legal Fees Legal Contracts 343

Housing Wire

DECEMBER 21, 2022

A representative for CrossCountry told HousingWire, “As a matter of practice, we do not comment on legal matters.” . Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”.

Legal 376

Legal Loan Officers Contracts Business 376

Housing Wire

APRIL 24, 2024

The number of brokers approved to do business with us at quarter end was over 4,000 — up 36% from the same time last year,” Perotti said. Legal troubles with Black Knight contributed to the loss in Q4 2023. million in damages tied to a breach of contract claim in a four-year dispute involving the companies.

Lending 392

Lending Legal Contracts Mortgage 392

Housing Wire

JULY 19, 2022

The lawsuit, filed in federal court in New York last week, alleges that since February 2022 “CrossCountry improperly poached no fewer than 32 loanDepot employees from loanDepot branches in Manhattan, Brooklyn and Fishkill, New York by interfering with loanDepot’s contractual and other legal rights.” billion in business.

Loan Officers 381

Loan Officers Contracts Legal Business 381

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 335

Real Estate Realty Real Estate Agent Legal 335

Housing Wire

FEBRUARY 5, 2024

The deal gave Guild a substantial foothold in the Northeast and a bevy of purchase businesses. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. In 2020, it originated $8.5 billion in mortgage loans. 2 in a U.S.

Retail 385

Retail Contracts Loan Officers Mortgage 385

Housing Wire

NOVEMBER 3, 2023

Despite asking their agents to cancel their NAR memberships, Redfin also acknowledged that agents in some areas may need to maintain their membership to continue conducting their business. “In It is a sales business,” Stella said. “If In about half the U.S.,

Realtors 414

Realtors Agents Brokerage Contracts 414

Housing Wire

MAY 1, 2024

During the first quarter of 2024, Zillow recorded revenue growth across all sectors of its business, including a 31% annual jump in its rentals revenue to $97 million and a 19% year-over-year increase in its mortgage revenue to $31 million. Our massive unconverted audience will drive years of growth ahead for Zillow.”

Agents 360

Agents Real Estate Contracts Real Estate Agent 360

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. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

FEBRUARY 2, 2021

In a Friday brief, the coalition alleged the charges by PHH are “illegal” and “improper” because the authorization of these fees cannot be found in the mortgage contracts. The cumulation of legal action from the states and the CFPB nearly put Ocwen out of business.

Mortgage 402

Mortgage Legal Law Contracts 402

GoForrmz

FEBRUARY 10, 2023

Streamline your business with unique digital form features It’s never been more important to have an efficient and streamlined process for gathering information and conducting your business. This elevates your business presentation, while also giving your clients a confirmation that these forms are officially from your business.

Business 78

Business Clients Legal Contracts 78

Housing Wire

DECEMBER 11, 2023

Under the terms of the settlement , EasyKnock has agreed to permanently end its sale-leaseback solution in Massachusetts, pay $200,000 to the state, return “tens of thousands of dollars of improperly held funds” to consumers, and make changes to its business practices.

Tenants 309

Tenants Landlords Law Advertising 309

Housing Wire

APRIL 18, 2024

Megan McDermott has also alleged that someone at the Chicago-based lender accessed her business Facebook profile without authorization and used her brand and referral network to secure business after her resignation. In response, the lender said it’s conducting a detailed investigation into the claims.

Loan Officers 413

Loan Officers Human Resources Contracts Mortgage 413

Appraisal Buzz

AUGUST 1, 2022

When trying to understand the meaning of words in this manner, there is a legal premise that applies specific to understanding the language called the plain meaning rule. When reading contracts, words will always have their ordinary meaning unless defined otherwise. The General Business B-4 zoning classification applies.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

MAY 3, 2024

But despite the uncertainty and the soon-to-beimplemented business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , RE/MAX leaders are confident in the brokerage’s ability to succeed in this changing environment. annualized decline in U.S. and Canada to 64,322 agents.

Agents 351

Agents Real Estate Training Buyers 351

Housing Wire

DECEMBER 7, 2023

In the filing, Stewart states that it paid $1.782 million for the first set of the perpetual license before installing ResWare “across virtually the entire business platform.” According to Stewart, if the license agreement is terminated, it “would suffer damages, monumental harm, and enormous disruption to its business.”

Modernization 366

Modernization Business Contracts Design 366

Housing Wire

AUGUST 31, 2023

In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers.

Contracts 402

Contracts Brokerage Business Training 402

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? Unfortunately, reality television shows aren’t the best platform for learning how to value a small business (or a company of any size). Question 1: Why do I need to understand business valuation?

Valuation 147

Valuation Business Buyers Market Value 147

Housing Wire

JULY 26, 2022

Sprout has been sued by former employees , vendors and business partners since it shut down its operations in early July, laying off its entire staff without severance or their last paychecks. New Wave filed the lawsuit Monday in the U.S.

Mortgage 367

Mortgage Legal Lending Investors 367

Housing Wire

JULY 26, 2022

Sprout has been sued by former employees , vendors and business partners since it shut down its operations in early July, laying off its entire staff without severance or their last paychecks. New Wave filed the lawsuit Monday in the U.S.

Mortgage 363

Mortgage Legal Lending Investors 363

Housing Wire

NOVEMBER 27, 2023

In his initial filing, in addition to Keller and Keller Williams, Davis also names former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants. The example of this cited in the complaint is 72Sold, which is a “leads company.”

Technology 481

Technology Agents Training Realty 481

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. Includes The Adventure Guide book.

Real Estate 383

Real Estate Real Estate Agent Design Law 383