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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 addition, the contract stipulated that agents must join their local Realtor association.

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NAR clarifies details on buyer broker agreements

Housing Wire

Additionally, the FAQ states that an agent is not working with a buyer if they are working only as an agent or subagent of the seller, or if the MLS participant is only performing ministerial acts without the expectation of being paid for these acts. It notes that the compensation must be “objectively ascertainable and not open-ended.” “For

Buyers 460
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Washington state could provide guidance for others on buyer broker agreements

Housing Wire

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 477
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Consumer advocacy group: Buyer agency agreements often contain “unfair” terms

Housing Wire

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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Judge denies HomeServices’ motion to decertify the class in Sitzer/Burnett suit

Housing Wire

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 384
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Seller Filed a Racial Bias Complaint Against Me

Appraiserblogs

Could it be because of the racial bias complaint filed against me by an unhappy Seller… Fannie Mae accomplished what they set out to do in July 2011, when they initiated their Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal. So what’s caused the sudden loss of income? Related Posts: Low Appraised Value = Racial Bias?

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Moehrl trial not likely until January 2025

Housing Wire

The class encompasses home sellers across 20 local MLSs. 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. billion — or $41.1