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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. In her testimony, she noted that training modules receive very few views.

Law 408
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Opinion: Prepare for a future without guaranteed shared compensation

Housing Wire

This means the lazy real estate agents who provide very little value to their client can no longer just show up and know they will automatically get paid a percentage of the sales price just for writing a contract. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry.

Agents 377
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

He also claimed Wells Fargo didn’t compensate mortgage professionals for non-sales work, clawed back vacation pay from commissions and did not pay overtime wages as required by laws. Wells Fargo, the largest depository mortgage lender in America, has been plagued by scandals in recent years.

Legal 457
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DataDigest: Study shows agents are aplenty, most with few or no sales

Housing Wire

.” Many of the individual agents in the study had other full-time jobs as “teachers, government workers, restaurant servers, commercial employees, and a large number in associated industries – mortgage lending, real estate appraisal, commercial and residential investment, and the practice of real estate law.”

Agents 414
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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

There are 39 states that have passed RON laws. They are willing to drive change across their operations and work with advisors, like Falcon, to develop a roadmap to integrate digitalization into policies, processes, and training. Some clients want to do all of these things and want them done yesterday.

Mortgage 365
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The Sitzer/Burnett trial kicks off in Kansas City

Housing Wire

In agent training videos, Blefari said he pre-writes a 6% commission into all his listing agreements and that he only negotiates commissions if they go up. “I But such an indirect claim is prohibited by Supreme Court case law.”

Sellers 391
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RON is here to stay – Here’s what you need to know

Housing Wire

From understanding the importance of RON in the title industry and discovering the potential business benefits to learning how you can start offering RON closings to your clients, here’s the need-to-know info to get started. . Ensuring that your RON vendor complies with your state’s laws is imperative when preparing to offer RON.

Law 355