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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 383
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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

Tools 376
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ProperSign launches eSign tool for RON capabilities

Housing Wire

Remote online notarization company ProperSign announced a new electronic signature tool called QuickSign, which offers both RON and eSign capabilities. Between the RON capability and QuickSign, professionals no longer have to shop for two different tools,” said Wyatt Long, ProperSign vice president.

Tools 275
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The nation’s largest MLS is offering a new agent referral network program

Housing Wire

“Keeping in compliance and satisfying the legal requirements of referrals can be a consuming process, but MLS Match really cuts down on the time and creates a win-win scenario. We’re very excited to see these expansive efficiency tools in action with our users.”

Agents 354
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NAR releases flood disclosure tracker as federal shutdown looms again

Housing Wire

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Data from the Legal Research Center concluded that all 50 states and Washington, D.C.,

Legal 341
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Nearly half of loans processed in Q1 showed fraud risks: FundingShield

Housing Wire

The lenders that have prepared for the market improvements, including some of our new clients, have tech tools for their risk & compliance, operations, funding & accounting teams to fight back against threats. According to the report, there was a higher rate of risk for CPL Validations with 13.2%

Insurance 437
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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

Legal disputes. Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. And don’t forget the most convenient of tools: property management software. Natural disasters. Public relations crises.