Housing Wire
MAY 6, 2024
and the Fair Housing Center of the Greater Palm Beaches , have filed a lawsuit that contends Florida Housing Law Senate Bill 264 violates the federal Fair Housing Act. We alleged that the law denies access to housing to people from China and these other countries. The suit was filed on Monday in U.S. District Court in Miami.
Housing Wire
JANUARY 2, 2024
The complaint argues that the NAR and the brokerage defendants collude “to impose, implement and enforce anticompetitive restraints that cause home sellers to pay inflated commissions on the sale of their homes, in violation of federal antitrust law.” The National Association of Realtors will respond to this complaint in court.”
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Housing Wire
OCTOBER 23, 2023
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 his video deposition, King said that Keller Williams does not have an anti-trust policy. million real estate licensees in the U.S.,
Housing Wire
JULY 17, 2023
In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud. Secret Service reported a steep rise in seller impersonation in an advisory it issued this year. We can reverse this trend.
Housing Wire
OCTOBER 26, 2023
Frazier also testified that the average commission at ReeceNichols is 2.75% for both buyer and seller agents. According to Frazier, homebuyers working with ReeceNichols agents sign a buyer agreement that if the seller doesn’t pay the buyer agent’s fees, then the buyer will pay the fee themselves. They were guidelines.
Housing Wire
MAY 26, 2023
Secret Service , notified the title industry of a rise in what is known as vacant lot fraud, or seller impersonation fraud. “We We started to hear a lot about seller impersonation fraud early on in the year,” Tyler Adams, the CEO of CertifID, said. “We Oftentimes this leads to the discovery of vacant lots. million, according to NAR.
Housing Wire
APRIL 15, 2024
The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. Moving forward, the GSEs say that if these fees continue to be “customarily paid by the property seller according to local convention, they will not be subject to financing concessions limits.”
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