Housing Wire

DECEMBER 6, 2023

Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property. Communicate effectively with clients Proactive communication — answering the question before it’s asked, or offering solutions to impending problems — is key. Legal disputes.

Real Estate 400

Real Estate Legal Tenants Clients 400

Housing Wire

JULY 19, 2023

Over the past year or so, we have seen an uptick in questions relating to commission disputes between brokers and their clients. A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing.

Real Estate 313

Real Estate Legal Brokerage Clients 313

Housing Wire

MAY 10, 2024

The CFPB objected, saying that such information would include “data about nonparty supervised entities’ HMDA data submissions” that is “irrelevant, burdensome, and protected ‘by the attorney-client, bank examination, law enforcement, and deliberate process privileges,’” as summarized by Middlebrooks.

Mortgage 337

Mortgage Law Clients Development 337

Housing Wire

NOVEMBER 9, 2023

The heightened consumer protection focus from government agencies, combined with the Department of Justice’s ongoing legal feud with the National Association of Realtors and its recent involvement in the Nosalek commission lawsuit , has many in the industry expecting that the DOJ will get involved in the Sitzer/Burnett suit, and potentially others.

Legal 367

Legal Real Estate Real Estate Agent Law 367

Housing Wire

FEBRUARY 28, 2024

Accordingly, while the contracts must conform to state laws such as those on agency and confidentiality, these agreements are written to benefit agencies and brokers.” Listing agents, most of whom also represent buyers as well as sellers, could continue to persuade their clients that today’s 2.5%

Buyers 373

Buyers Contracts Agents Realtors 373

Housing Wire

MARCH 22, 2024

1, 2024 , Washington state’s agency law requires agents to have a written agreement with buyers (as well as sellers) to spell out the exact scope of the services provided by the agent, as well as the compensation the client has agreed to pay them in return. As of Jan. It is kind of like dating,” Sax said. “So,

Buyers 472

Buyers Contracts Real Estate Agents 472

Housing Wire

MARCH 26, 2021

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

Legal 462

Legal Law Open Houses Loan Officers 462

Housing Wire

OCTOBER 6, 2023

“We believe this is the right course of action to remove future uncertainty and ongoing legal expense, serving the best interests of the company, our affiliated agents and franchisees, and shareholders, and enabling Anywhere to focus on moving real estate to what’s next.”

Buyers 427

Buyers Brokerage Agents Sellers 427

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.” Since it was not, HomeServices is unable to compel arbitration, the brokerage argued.

Contracts 386

Contracts Brokerage Law Real Estate Agent 386

Housing Wire

MARCH 27, 2024

Rule 23(b)(3) requires that the court “find that ‘questions of law or fact common to class members predominate over any questions affecting only individual members,’ and that a class action is the ‘superior’ method of adjudication of the controversy. HomeServices of America still has a writ of certiorari out with the U.S.

Law 375

Law Sellers Realtors Contracts 375

Housing Wire

JANUARY 11, 2021

Rocket Homes Real Estate , a real estate affiliate of Rocket Companies , is being investigated by the Consumer Financial Protection Bureau (CFPB) for possibly violating the Real Estate Settlement Procedures Act (RESPA) when it charged fees for referring Quicken’s mortgage clients to real estate agents, according to officials.

Real Estate Agent 397

Real Estate Agent Real Estate Brokerage Law 397

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. 27, 2019, and the present — 118 different client agreements that are subject to arbitration fall under the laws of 35 different states.

Realty 382

Realty Real Estate Law Brokerage 382

Housing Wire

FEBRUARY 22, 2024

Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls. TF: Effective risk management in REO asset sales involves awareness of the intrinsic risks.

Business 366

Business Marketing Real Estate Legal 366

AmeriMac

AUGUST 6, 2023

When it comes to maximizing your legal strategy, leveraging litigation support services can be a game-changer. In this blog, we will dive deep into the world of litigation support and explore its key aspects and impact on legal cases. Corporate services provide expert testimony and research, saving time and resources for legal teams.

Legal 36

Legal Technology Law Clients 36

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.”

Contracts 391

Contracts Brokerage Law Real Estate Agent 391

Housing Wire

OCTOBER 24, 2023

Goldberg said the rule needs to be mandatory, because cooperating participants have a right to know how they will be compensated prior to working with clients. Goldberg said he wasn’t sure, deferring the decision to the trade group’s legal team. Glass returned to the floor after Ketchmark to ask Goldberg to clarify a few points.

Realtors 413

Realtors Agents Clients Buyers 413

Housing Wire

MARCH 29, 2024

The first change is that MLS PIN is agreeing to obtain certificates from their seller clients saying that they understand that MLS PIN does not require sellers to offer compensation to buyer brokers and that sellers are not required to compensate the buyer’s broker even when asked to by the buyer.

Sellers 422

Sellers Real Estate Buyers Contracts 422

Housing Wire

DECEMBER 12, 2023

In a competitive market, the seller would pay nothing to the buyer broker, who would instead be paid by the buyer (their client), and the total commission paid by the seller would be set at a level to compensate only the seller’s broker,” the complaint states. In addition, BAREIS MLS has its own rule similar to NAR’s Participation Rule. “In

Realtors 440

Realtors Sellers Buyers Real Estate 440

Housing Wire

APRIL 24, 2024

involve common questions of law and fact, consolidation will conserve judicial resources and promote efficiency, and consolidation will not cause undue delay, confusion, or prejudice,” Bough wrote in his ruling. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate. National Association of Realtors , et al.,

Realtors 356

Realtors Real Estate Brokerage Law 356

Housing Wire

MARCH 28, 2024

HomeServices still has a motion for a new trial and a motion for judgment as a matter of law before the court. In its filing, HomeServices asked for a review of an August 2023 ruling by the Eighth Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees.

Real Estate Agent 362

Real Estate Agent Realtors Real Estate Sellers 362

Housing Wire

NOVEMBER 1, 2023

Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.

Real Estate 409

Real Estate Brokerage Sellers Law 409

Housing Wire

OCTOBER 27, 2023

Further, compensation is set between the brokers and their clients and is always negotiable. They use their experience and expertise to negotiate on behalf of their client. The law, the facts and the economics will prove this as NAR makes its case in court. Real estate agents know city and county property taxes.

Real Estate Agent 461

Real Estate Agent Real Estate Realtors Buyers 461

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

AUGUST 7, 2020

There, Allen developed strategies for capital markets clients including Morgan Stanley and Deutsche Bank , as well as managed engagements and provided solutions for FHFA , OCC , HUD , Freddie Mac and others. Financial services law firm Garris Horn announced that mortgage attorney Melanie Feliciano has joined as a partner.

Technology 257

Technology Law Lending Legal 257

Housing Wire

NOVEMBER 2, 2023

According to the American Bar Association , an appeals court doesn’t usually consider new witnesses or new evidence, and the appeal is typically based on arguments that there were errors in the trial’s procedure or in how the law was interpreted or applied.

Law 396

Law Realtors Real Estate Brokerage 396

Housing Wire

JULY 30, 2021

Number one, they actually have clients,” Giordano says. Our industry has never, ever recovered from not being able to sit shoulder-to-shoulder at bank branches and share clients. So, why are we interested in financial advisors in the first place? A couple of things. So financial advisors, they’re in contact with people.

Mortgage 391

Mortgage Loan Officers Advertising Clients 391

Housing Wire

MARCH 19, 2024

Damages from an anti-trust verdict are trebled as a matter of law and the motion filed by the plaintiffs yesterday, while premature was expected,” Chris Kelly, an executive vice president at HomeServices, wrote in an email. HomeServices continues to aggressively pursue all options to resolve our involvement in the outstanding litigation.”

Sellers 346

Sellers Realtors Law Contracts 346

Housing Wire

DECEMBER 8, 2023

Topics include: Real estate license law, agency, contracts, real property, ownership, taxes, water law, land development and zoning, deeds and title transfer, escrow and settlement, fair housing, leases & more AZ Contract Writing Course: 6 hrs of required instruction. Includes all Salesperson classes + Broker Management clinics.

Real Estate 349

Real Estate Contracts Law Real Estate Agent 349

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

AUGUST 22, 2023

In addition, regulators should be aware of any unbalanced market effects of AVMs regulations, conflicting interpretations of the legal framework, and the lack of established methodologies in examining systemic bias in the U.S., the trade groups state. The MBA and the CBA requested an adequate implementation timeline of at least 12 months.

Valuation 366

Valuation Appraisal Government Real Estate 366

Housing Wire

JANUARY 11, 2024

Kasper reported the incident to law enforcement, but ultimately felt that given the circumstances it was best for the trade group that she steps down. The trade group did not disclose who allegedly made the threat or what it was Immediately following Kasper’s resignation, NAR announced that Sears would be stepping into the role. “I

Realtors 384

Realtors Real Estate Legal Law 384

Housing Wire

APRIL 3, 2024

Homebuyers are legally and morally entitled to receive honest, unconflicted assistance from the brokers they hire to help them secure the lowest prices for a loan. And even those offerings generally do not convert into actual savings for clients.”

Loan Officers 454

Loan Officers Mortgage Business Retail 454

Cleveland Appraisal Blog

APRIL 26, 2023

Not only can a realtor help you find the right piece of land and negotiate the price, but they can even help you navigate the legal paperwork. I regularly receive referrals from Realtors whose clients need an appraisal for land. Worry-free service: Using a realtor can also provide buyers with relative peace of mind.

Realtors 272

Realtors Buyers Real Estate Agent Appraisal 272

Housing Wire

MAY 9, 2024

We will continue to focus on what we do best: empowering real estate entrepreneurs so they can deliver exceptional value to their clients.” Of the 27 million email notices and 10 million-plus postcard notices sent out, nearly 200,000 claims have been filed and 61 class members have opted out of the settlement. This story is developin g.

Brokerage 382

Brokerage Realty Sellers Real Estate 382

Housing Wire

AUGUST 9, 2022

This despite diverse, overlapping and multi-layered laws and regulations at the national, state, county and municipal levels. Client demand may also play a major role in getting tech-hesitant title business owners off the fence. All of that carries a cost.

Technology 473

Technology Business Agents Clients 473

GoForrmz

DECEMBER 6, 2022

Don’t risk it – select a digital form solution capable of collecting legally binding eSignatures Many form solutions provide basic signature collection, but they may not be E-SIGN Act-compliant – in this blog we’ll break down why this matters to you and your business. Always check local laws before continuing with an eSign solution.

Legal 78

Legal Law Business Contracts 78

Housing Wire

JANUARY 24, 2023

. “It’s a risk management issue: some clients would say, ‘I understand there are some gray areas, but I’m willing to take the risk.’ Attorneys interviewed by HousingWire said nothing appeared to be clearly over the legal line with the Control Your Price initiative. However, it requires monitoring.

Lending 355

Lending Law Legal Training 355