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Virginia Realtors: Zillow’s touring agreement may not be legal

Housing Wire

The real estate giant was prompted to do this by the terms of National Association of Realtors’ (NAR) commission lawsuit settlement agreement which requires agents to have a written agreement with a client in order to work with them as a buyer broker.

Legal 331
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More legal action taken against Keller Williams’ profit-sharing program 

Housing Wire

A new class-action lawsuit was filed by a former agent against real estate brokerage Keller Williams (KW), contesting alterations made to the company’s profit-sharing program. Hill and Kevin Ortiz — took legal action against the real estate brokerage by filing four separate class-action lawsuits. Moulder, David L.

Legal 441
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Online service offers real estate aid to divorcing couples 

Housing Wire

Hello Divorce , a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets. They can also benefit from expert guidance from real estate professionals who specialize in divorce cases.

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Former Keller Williams agents continue their legal actions 

Housing Wire

On Thursday, Louis Ronayne and Deborah Ronayne filed a complaint aiming for class-action status in the U.S.

Legal 376
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Anywhere Real Estate appoints new board member

Housing Wire

Anywhere Real Estate named Joseph Z. ” Lenz has extensive experience helping companies navigate investments across different capital structures, as well as investor and legal affairs. Lenz to its board of directors, the company announced on Thursday. The appointment will be effective starting Feb.

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Amid legal uncertainty, MLSs explore cooperative compensation workarounds

Housing Wire

Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough. But the policy may still present a legal issue, as it requires listing agents to make an offer compensation, even if that offer of compensation is in fact nothing ($0), law professors said.

Legal 409
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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. Yet, the complexity of real estate transactions lies beyond the initial online search.