Housing Wire

FEBRUARY 16, 2024

NAR’s insurance policy is tapped out, and there are no funds available for REALTOR Associations and MLSs for legal defense costs,” Hahn wrote. As copycat suits continue to pile up, it is clear that this issue will not be disappearing anytime soon, and that legal costs for Realtor associations and MLSs will only increase.

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Housing Wire

SEPTEMBER 18, 2024

You have to follow the law, but if it’s legal, you can do it,” Pfaff said. “We While no legal statute presently outlaws these practices, the MLSs might be engaging in a game of chicken with the Department of Justice (DOJ) and the law firms that have won or settled commission lawsuits against NAR and several major brokerages.

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Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). The complaint cites a report by the Community Legal Services of Lehigh Valley , which found that minority members of NAR have been subjected to unequal enforcement of ethical standards.

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Housing Wire

OCTOBER 3, 2024

EasyKnock , which offers sale-leaseback solutions to homeowners, announced a legal victory in Texas on Wednesday as it was awarded more than $153,000 by an arbitrator. The company has been fighting legal battles on multiple fronts through a series of consumer-initiated lawsuits and actions by regulators in several states.

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Housing Wire

OCTOBER 30, 2024

CoStar has notched yet another procedural win in its legal battle with Move , the parent company of Realtor.com. Both claims were aimed at CoStar and James Kaminsky , the former Realtor.com employee at the center of the legal battle. In a ruling issued Tuesday, Judge George H.

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Housing Wire

JANUARY 28, 2025

Title insurance policies solve these problems by protecting buyers against legal challenges to their ownership. Title insurance goes well beyond an attorney opinion, which only opines that the evidence of ownership as shown by the public record appears to support the legal transfer of the property from one owner to another.

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Housing Wire

MARCH 15, 2024

NAR’s legal counsel approved the settlement agreement early Friday morning. The National Association of Realtors has agreed to pay $418 million in damages to settle the commission lawsuits. The story was first reported by the New York Times. It has yet to be filed in court.

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Housing Wire

AUGUST 13, 2024

Services that are legal, disclosed, and regulated cannot be ‘junk fees,’” the letter states. To justify the price of title insurance, ALTA noted all of the curative work that goes into clearing a title prior to closing, as well as the fact that title insurance provides policyholders with legal defense if their title is ever challenged.

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Housing Wire

JANUARY 22, 2025

According to the email, while the company looks for its next CEO, Stacie Herron, KEs current chief legal and administrative officer will serve as interim chief operating officer. Willis left Keller Williams in 2016, but returned to the firm a viral Twitter hashtag and a legal battle resulting in a temporary restraining order.

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Housing Wire

OCTOBER 15, 2024

without source-of-income protections (provided their property is not already legally required to accept the vouchers and that at least 40% of the units are affordable or considered “small area fair market rents”). The program was previously limited only to eligible properties in North Carolina and Texas.

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Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. According to many legal resources, it is common for brokerages to prevent agents from acting as contractors on home sale transactions they are involved in. eXp did not return a request for comment.

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Housing Wire

AUGUST 9, 2024

Co-hosts James Dwiggins and Keith Robinson urge agents to stop sharing commissions and discuss ways that listing agents can put their seller’s needs first while avoiding legal trouble and creating an excellent experience for their clients in an uncertain market.

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Housing Wire

OCTOBER 21, 2024

The companies’ legal teams communicated with each other prior to the requested delay and Longbridge did not object, according to a court filing. There is good cause to grant this motion,” Mutual of Omaha’s legal team said in the initial filing.

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Housing Wire

OCTOBER 9, 2024

In an emailed statement, CoStar chief legal counsel Gene Boxer expressed gratitude over the court denying Move’s request for a preliminary injunction. “Move spent substantial time and resources investigating the nature and scope of the breach, taking steps to secure its computer systems and engaging a forensic expert to assist.”

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Housing Wire

OCTOBER 11, 2024

Legally speaking, most teams are either an LLC (38.9%) or an S-Corp (34.6%), while 15.7% are not a legal entity. Large teams also staff for recruiting, agent support, coaching and operations much more often than smaller teams. Marketing and transaction management roles account for the most non-agent staffers among small teams.

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Housing Wire

SEPTEMBER 4, 2024

Wood, who is overseeing the two Batton homebuyer commission lawsuits and the Moehrl commission suit, has recused herself from the cases, according to a legal filing on Wednesday. Judge Andrea R. In the filing, the Chicago -based U.S.

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Housing Wire

OCTOBER 7, 2024

MV Realty is facing more legal action, this time in Minnesota. The firm — which is now infamous for its right-to-list agreements — is being sued along with its Minnesota branch, MV Realty of Minnesota , and the companies’ shared executive, Amanda Zachman.

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Housing Wire

NOVEMBER 12, 2024

If it is allowed to proceed, we expect that the fundamental legal defects with Plaintiffs’ theories will be apparent and the decision below will be affirmed.” “The Court of Appeals has already observed on its own that there are threshold issues with the appeal,” Gringer wrote. “If

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Housing Wire

JANUARY 14, 2025

The on-again-off-again legal battle between Top Agent Network (TAN) and the National Association of Realtors (NAR) is now off. While the dismissal of the suit marks the end of this chapter in the legal battle between TAN and NAR, since the suit was dismissed without prejudice, TAN could refile the suit if they so choose.

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Appraisal Buzz

JANUARY 9, 2025

In some cases, AI and other digital tools have also been used to create convincing forgeries of documents or to automate the process of generating fake deeds and other legal documents. For example, in the case involving Graceland, the scheme was unveiled only after a vigilant legal challenge by the estates trustees.

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Housing Wire

DECEMBER 3, 2024

From resident relations and legal compliance to property takeover, both established and new property management company executives can quickly become overwhelmed handling all the moving parts required to run the company. When classifying someone as a contractor, there are specific legal guidelines that need to be followed carefully.

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Housing Wire

SEPTEMBER 18, 2024

Entering into a settlement now has the benefits of avoiding ongoing legal fees and removing the demand on the executive team’s time, allowing us to focus on growing our business and ensuring our agents continue to have the opportunity to excel in their service to clients.”

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Housing Wire

JANUARY 24, 2025

Rocket Mortgage has faced other legal activity over the last year. The latest ruling from the U.S In June, HUD charged the lender, two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver.The Department of Justice followed suit in October.

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Housing Wire

SEPTEMBER 19, 2024

But, for many locales, there is no protection that just blanketly says, “If you’re renting or buying , then people can’t say no to you based solely on how you legally pay” (which is a simple way to define the category of “source of income”)… at least not yet. How does this impact affordability?

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Housing Wire

JULY 2, 2024

The district court applied an incomplete legal framework in evaluating whether REX had presented a genuine dispute of material fact on concerted action in this case,” the filing states. And then of course the DOJ could relaunch a full blown investigations into NAR, that results in another legal battle,” Tomasello said.

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Housing Wire

JANUARY 13, 2025

Foreclosure and other legal proceedings are also suspended while homeowners are on a forbearance plan, Freddie Mac explained. During this temporary reduction or pause in payments, homeowners will not incur late fees and foreclosure and other legal proceedings are suspended.

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Housing Wire

JANUARY 27, 2025

The facts of the case, the bureau argues, illustrate a key point that a product that is in substance a nonrecourse reverse mortgage could, if [the contract provider in the legal case] were correct, be recharacterized in form as an equity investment in the consumers home in order to evade [the Truth in Lending Act (TILA)].

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Housing Wire

DECEMBER 13, 2024

Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge.

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Housing Wire

JANUARY 22, 2025

Mykhailyna was the appraiser at the center of legal action by the U.S. Mykhailyna, who is based in Denver, had previously held both a Colorado certified residential appraiser license and a controlling appraiser license. In addition to the revocation of his license, Mykhailyna must pay a total fine of $97,500.

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Housing Wire

AUGUST 27, 2024

Additionally, in a statement on Facebook , the association wrote that “upon legal advice and as a precautionary measure, in light of recent litigations,” it would be removing the field. The MLS recently made this field mandatory, but in its announcement, it said it decided to make the change following feedback from its members.

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Appraisal Buzz

FEBRUARY 6, 2025

Legal League has issued a brief on the recent decision in the state of Pennsylvania in the case of Foxfield at Naamans Creek v. Legal League is a professional association of financial services law firms, uniquely positioned to drive progress in the mortgage servicing industry. Legal League Advisory Council Chair Stephen M.

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Housing Wire

SEPTEMBER 23, 2024

A spokesperson for CCM said the company “does not comment on legal matters.” She alleges violations of the Age Discrimination in Employment Act, the state’s Human Relations Act and common law. ” Smith and her attorney haven’t responded to HousingWire ‘s requests for comment.

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Housing Wire

JANUARY 15, 2025

All but 11 states allow for at least the medical consumption of marijuana, and it is also legal for both medical and recreational use in the District of Columbia , itself a federal district. But in these 11 states including Indiana recreational and medical use is barred at the state, local and county levels.

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Housing Wire

JUNE 7, 2024

Moreover, legal services will cost at least $5,000 and likely much more. By securing appropriate title insurance, property owners can protect themselves from the nightmare of expensive legal battles. Most victims cannot afford the fight to recover their title, and some lose their homes altogether.

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Housing Wire

SEPTEMBER 16, 2024

Keller Williams ‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to the firm’s recently abandoned changes to its profit-sharing program.

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Housing Wire

SEPTEMBER 3, 2024

In addition, it faced legal fees due to 10 class-action lawsuits and at least two individual lawsuits. These customers paid overdraft/insufficient funds fees or faced temporary account freezes. Mr. Cooper alleges that the incident made media headlines nationwide, damaging its reputation.

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Housing Wire

OCTOBER 15, 2024

Redlining is the legal practice of denying certain neighborhoods the same access to credit based on their racial or ethnic composition. Through its Combating Redlining Initiative, the DOJ has collected more than $150 million in relief for communities across the country over the past three years.

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