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 478

Buyers Contracts Real Estate Agents 478

Housing Wire

DECEMBER 11, 2023

Campbell’s office claims that EasyKnock “engaged in an unfair and deceptive equity-skimming scheme that involved purchasing the homes of cash-strapped consumers at bargain-basement prices and then renting them back to the consumers, at times for unfair rents,” in violation of the state’s consumer protection law.

Tenants 324

Tenants Landlords Law Advertising 324

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 400

Contracts Brokerage Law Real Estate Agent 400

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 364

Real Estate Contracts Law Real Estate Agent 364

Housing Wire

DECEMBER 5, 2023

An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. 28, an arbitrator awarded Black Knight $155.2 In March 2020, the companies entered arbitration.

Contracts 406

Contracts Development Legal Law 406

Housing Wire

JANUARY 11, 2024

By law, the mortgages were the ‘absolute property’ of GNMA.” TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” TCB’s interest, Ginnie Mae said, “derived entirely from RMF.” District Court for the District of Delaware.

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Lending Government Legal Law 408

Housing Wire

NOVEMBER 13, 2023

The firm informed law enforcement, regulatory authorities and other stakeholders. ” Mr. Cooper is accused of negligence, breach of implied contract and unjust enrichment, among other claims. At this time, however, it’s not possible to quantify the full extent of remediation and legal expenses due to the cyberattack.

Legal 544

Legal Law Contracts Technology 544

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. A seller-client cancels a listing.

Real Estate 324

Real Estate Legal Brokerage Clients 324

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 390

Law Sellers Realtors Contracts 390

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.

Retail 410

Retail Legal Lending Business 410

Housing Wire

FEBRUARY 21, 2024

That is bread and butter to us at federal law enforcement agencies, and certainly for SDNY, so we jumped right in and we’ve been working the case ever since. We are federal law enforcement, so we have the same capabilities to make arrests, conduct interviews and issue subpoenas.

Law 392

Law Contracts Design Tenants 392

Housing Wire

NOVEMBER 2, 2023

California-based nonbank lender loanDepot is suing former chief operations officer Tammy Richards for breach of contract and fiduciary duty, accusing her of stealing confidential information concerning the lender’s customers. loanDepot filed the lawsuit on Oct.

Contracts 380

Contracts Legal Retail Training 380

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

Housing Wire

MARCH 29, 2024

Second, the trade group points out that the practice of sellers and listing brokers paying buyer brokers is lawful throughout MLS PIN’s service area. Prohibiting offers of compensation from brokers and sellers is a drastic imposition of MLS regulation on legal activities of listing brokers and sellers.

Sellers 429

Sellers Real Estate Buyers Contracts 429

Housing Wire

FEBRUARY 9, 2024

UWM terminated its contract with the broker and no longer accepts mortgage applications from Okavage customers. Okavage Group had requested the court to declare the ultimatum illegal under federal and Florida antitrust laws. for selling loans to rivals Rocket and Fairway despite agreeing to the contract.

Contracts 415

Contracts Retail Mortgage Lending 415

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 406

Real Estate Legal Tenants Clients 406

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. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices. The firm also still has a writ of certiorari with the U.S.

Real Estate Agent 378

Real Estate Agent Realtors Real Estate Sellers 378

Housing Wire

DECEMBER 20, 2023

It’s the ultimate in legalized fraud. In and of itself, it’s legal, provided the lead really did come from the source and it’s diligently tracked by the lender. Steve vonBerg, an attorney at law firm Orrick in Washington, D.C., And the loan officers know that they’re violating the law. It’s greed.”

Loan Officers 457

Loan Officers Clients Law Legal 457

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 396

Realty Real Estate Law Brokerage 396

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 361

Sellers Realtors Law Contracts 361

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. PHH denied the allegation made by the 33 AGs.

Mortgage 405

Mortgage Legal Law Contracts 405

Housing Wire

OCTOBER 4, 2023

A federal judge in New York has decided to dismiss the majority of accusations made by a former top executive at Better against the digital nonbank lender and other high-level executives, including claims related to labor and securities laws violations. Also, Garg’s motion to dismiss Pierce’s defamation claim was denied.

Law 390

Law Contracts Business Legal 390

Housing Wire

APRIL 18, 2024

In a lawsuit filed in late February in New Jersey, she accused G-Rate, Joseph Moschella and Jon Lamkin of violating New Jersey laws regarding discrimination, equal pay and unfair competition. She also included allegations of breach of contract, misappropriation of likeness and tortious interference with prospective contracts.

Loan Officers 430

Loan Officers Human Resources Contracts Mortgage 430

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 398

Real Estate Real Estate Agent Design Law 398

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

OCTOBER 20, 2023

In their cross examination, attorneys for the defendants established that Ellis had knowingly signed a contract to pay a certain commission and that she knew the commission would be shared with whoever the buyer’s agent was. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing.

Contracts 401

Contracts Agents Buyers Real Estate 401

GoForrmz

AUGUST 14, 2023

Digital Signature Form Field: The classic Signature form field is a generic, non-E-SIGN Act-compliant digital signature that is best suited for anything that isn’t legally binding. Always verify your use of eSignature with your local laws. The fields are stylized differently for the sake of legibility and ease of use for form creators.

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Legal Contracts Law Inspection 128

McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

GoForrmz

FEBRUARY 20, 2024

The Electronic Signatures in Global and National Commerce Act (E-SIGN Act) was passed in 2000 and outlines requirements for an electronic signature to be considered valid under United States law. For example, an HR representative can send a hiring contract to a new employee, who can then fill it out and complete it digitally.

Legal 78

Legal Law Contracts Business 78

Housing Wire

APRIL 5, 2024

The HomeServices filing also notes that the law requires the plaintiffs to “demonstrate a danger of hardship if its request is not granted,” which HomeServices says they failed to do. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Brokerage 397

Brokerage Sellers Law Contracts 397

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. We will continue to act professionally, follow the law, and aggressively defend these baseless claims.” Davis has ignored those courts.

Contracts 409

Contracts Brokerage Business Training 409

Housing Wire

DECEMBER 9, 2020

The case has the potential to be the most profound legal decision to affect the mortgage market in over a decade. According to The Hill, arguments on Wednesday focused more on how the court should adjudicate the 2012 contract, and less on the structure of the agency itself. home loans.

Government 394

Government Legal Investing Law 394

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

Cleveland Appraisal Blog

JUNE 18, 2022

comparable sales, income, and cost), there are many other elements that may apply based on the statutes, case law, and procedural rules in a given state. Before retirement in 2014, Leslie practiced law for 33 years, mostly with Faegre Baker Daniels (now Faegre Drinker), a law firm with national and international offices.

Appraisal 309

Appraisal Law Development Valuation 309

Housing Wire

MAY 23, 2023

In other words, independent mortgage banks (IMBs) acting as buyers in M&A deals are being asked to assume the future R&W liabilities for past loans sold to Fannie Mae by the seller should the seller, at some point, be unable to honor the terms of the contracts.

Buyers 376

Buyers Sellers Finance Contracts 376

Housing Wire

APRIL 23, 2024

For example, Texas agents can choose from the Legal Update Bundle (just the mandatory courses) or the 18-hour Bundle (mandatory courses plus electives). That’s why you must stay up to speed on the latest information, from real estate law and contracts to environmental issues like climate change. hour, all-in-one package.

Real Estate 422

Real Estate Agents Best Value Design 422

Housing Wire

NOVEMBER 30, 2023

Considerations for attorneys in Ohio If you are an active, licensed attorney in the state of Ohio, you may be able to apply some of your law degree credits toward the Ohio prelicensing course requirements. Be honest and truthful Not be convicted of a disqualifying offense. It is not a compilation of courses that total 20 hours.

Real Estate 403

Real Estate Real Estate Agent Brokerage Agents 403