article thumbnail

“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Ketchmark countered this with the fact that nothing on the slides designated things as a model.

Training 377
article thumbnail

Sitzer plaintiffs expected to rest their case today

Housing Wire

The first week of the much-anticipated Sitzer/Burn e tt class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts. During his testimony, Alford said that NAR’s Participation Rule “is not designed to benefit home sellers.”

Legal 344
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

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
article thumbnail

From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

The original forms were designed before the digital age, to be completed on typewriters. Appraisal software companies have innovated the process of “filling out “these forms, but they are still constrained with the original typewriter design. These forms became fixed in the mortgage industry and have remained the standard for decades.

Appraisal 397
article thumbnail

Chuck E. Cheese, MLS listing books and the correct pronunciation of ‘Realtor’ were on the table during HousingWire’s commission lawsuit debate

Housing Wire

Like he did in the Sitzer-Burnett trial, Ketchmark referenced brokerage training materials and speeches given by CEOs like Gary Keller of Keller Williams , in which commissions are discussed. Your system of getting competitors together to found and enforce rules that are designed to stabilize prices is wrong,” he said. “It

Realtors 413
article thumbnail

Best real estate continuing education schools for quick and easy license renewal in 2024

Housing Wire

When it comes to course format and content delivery, choose from Colibri’s self-paced online and instructor-led livestream courses, which are designed to allow you to study on any device with internet access and a browser. Their courses are created by active industry experts in collaboration with Harvard-educated instructional designers.

article thumbnail

5 best Arizona real estate schools for 2024

Housing Wire

Includes AZ Legal Updates, AZ Disclosures, Exploring Fair & Affordable Housing, Managing Risk in Real Estate Business CE Sales Package with Ethics: Required 24 hrs of coursework. Includes Agency Law, Contract Law, Commissioner’s Standards, Disclosure, Fair Housing, Legal Issues & General. Deluxe: Required 90 hrs of coursework.