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6 tips for avoiding lawsuits, legal fees and court in real estate

Inman

Here are six common reasons lawsuits happen in real estate. If you want to avoid complicated litigation, follow these best practices from trainer Bernice Ross.

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Side seeks more than $4 million from Alexander brothers, Official Partners

Housing Wire

The balance request includes additional damages for legal fees and a jury trial. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April.

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Side files preliminary injunction against Alexander brothers in wake of arrests

Housing Wire

The company argues that the charges could incentivize the brothers to use the collateral to cover the steep costs of the legal fees to fight the charges, as well as the potential financial costs related to posting bail.

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Court dismisses Move’s trade secret claims against CoStar

Housing Wire

After yet another reversal in Court against CoStar, Move should drop its nonsensical case, focus on fixing its broken business model, and spend its legal fees on defending the class action lawsuit that accuses Realtor.com of selling fake leads to brokers.” Move and Realtor.com did not return requests for comment.

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Side files restraining order against Alexander brothers for allegedly moving loan collateral

Housing Wire

The complaint states that Official Partners and the brothers agreed to pay the principal sum and interest on the loan, and that Side should be paid additional damages related to legal fees and a jury trial. Official Partners and the Alexander brothers have been summoned to court but have yet to file anything in the case.

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Opendoor will pay $39M to settle pricing algorithm lawsuit

Housing Wire

million — in legal fees. In a court filing, plaintiffs’ attorneys described the $39 million agreement as “a prompt and substantial tangible recovery.” They said they will seek up to 30% of the settlement — approximately $11.7 Opendoor reported $1.2

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Why most broker owners don’t turn a profit

Housing Wire

Expenses such as office space, marketing, technology, insurance , legal fees, and staff salaries quickly add up. High overhead costs One of the biggest obstacles broker-owners face is the high cost of running a brokerage.

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