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. Roger Alford, a law professor from Notre Dame, was also called to testify on Friday.

Legal 373
article thumbnail

Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

During plaintiff lead attorney Michael Ketchmark’s cross examination of Warner, he presented her with some statistics showing that HomeServices affiliated agents in four Missouri markets paid buyer broker commissions of roughly 3% in at least 88% of the transactions completed between 2015 and 2022.

Law 373
Insiders

Sign Up for our Newsletter

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

article thumbnail

Nosalek plaintiffs cite Allan Dalton video in opposition to summary judgment

Housing Wire

In their filing, the plaintiffs highlight HomeServices’ franchise agreements, training videos, as well as the now infamous Allan Dalton video, as evidence of HomeServices enforcing the National Association of Realtors’ Clear Cooperation policy.

Training 383
article thumbnail

FHFA: GSE servicers must keep fair lending data

Housing Wire

Communication, borrower education and training of consumer-facing staff are all critical elements to ensure your servicing operation is properly prepared to help borrowers as they exit forbearance plans. Presented by: Selene Finance. What will servicing look like in 2022?

Lending 370
article thumbnail

loanDepot settles appraisal bias lawsuit 

Housing Wire

Instead of Connolly and Mott greeting the appraiser, a white colleague was present during the process. They conducted a “whitewashing” experiment, replacing family photos with pictures of white friends and colleagues. The home was appraised for $750,000, almost 60% higher than the initial appraisal performed.

Appraisal 355
article thumbnail

Former employees sue Rocket for unpaid overtime wages

Housing Wire

Defendants also said they had to attend mandatory training and tests without compensation. A spokesperson for Rocket said the company “will vigorously defend the reputation we have built by doing the right thing for our team members and we are confident we will be vindicated from the false allegations once the facts of the case are presented.”

Training 356
article thumbnail

Stakes are high as first buyer broker commission lawsuit goes to trial today

Housing Wire

According to Katie Johnson, NAR’s Chief Legal Officer, jury selection started last week and should finish today. However, many brokers aren’t waiting for that to happen before preparing agents, implementing buyer-broker agreements, and training agents on transparency in how commissions are paid and negotiable.

Buyers 458