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NAR settlement terms slated to go into effect in mid-August

Housing Wire

The business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement ,will go into effect on Aug. 17, 2024, according to a letter sent to members on Friday by NAR chief legal officer Katie Johnson.

Sellers 455
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Fed advocates for change in the agent commission dispute

Housing Wire

Legal experts told HousingWire that it is rare to see the Fed offer an opinion about an ongoing legal debate, as it typically does not want viewed as an influence on court decisions. Grochulski and Wang reached this conclusion after creating and analyzing a mathematical model of home searches and purchases in the U.S. housing market.

Agents 394
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Opteon expands its direct-to-consumer appraisal offerings

Housing Wire

The goal of the expansion is to provide homeowners and buyers, along with real estate, legal, and tax professionals, the option to order an appraisal directly through Opteon’s services, according to a statement from the company. managing director of Opteon, said in the statement.

Appraisal 352
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The current REO market requires an expansion of services for business growth

Housing Wire

Legal and regulatory risk demands compliance with evolving laws and regulations, with VRM Mortgage Service’s legal and compliance departments ensuring current knowledge and implementing controls. We take immense pride in our agile, industry-leading proprietary technology solutions and our scalable, seasoned resources.

Business 376
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Real estate brokers focus on value amid commission lawsuit unease

Housing Wire

The National Association of Realtors , Keller Williams , and Berkshire Hathaway are still going to court to fight the allegations. Technological and Operational Adjustments : While seemingly unrelated, about 2.5% Today, the first class action commission lawsuit goes to trial in Kansas City, Missouri.

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Massachusetts finally passes RON legislation

Housing Wire

Governor Maura Healey on Wednesday signed legislation legalizing remote online notarizations ( RON ) to all notaries in the commonwealth. With Healey’s signature, Massachusetts is now the 43rd state to legalize digital real estate closings, which started with Virginia in 2012. The law goes into effect on January 1, 2024.

Law 346
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“Enough is enough.” Redfin leaves NAR in wake of sexual harassment allegations

Housing Wire

Redfin will soon be requiring agents to cancel their National Association of Realtors membership. Since joining NAR in 2017, Redfin said that it has paid “more than $13 million in dues, in an effort to influence NAR to advocate for an open, technology-driven marketplace that would benefit consumers.” We love our industry.

Brokerage 381