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No Judgment Needed?

George Dell

Judgment in valuation analysis is not needed — so they say — so long as the algorithm is right. The post No Judgment Needed? So long as the algorithm is right. For appraisers, this means the valuer has identified a good scope of work. appeared first on George Dell, SRA, MAI, ASA, CRE.

Valuation 195
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Supreme Court denies HomeServices’ petition in commission suit

Housing Wire

Under Missouri state law, HomeServices of America would have needed to have been named as a third-party beneficiary on the client contracts. Earlier this week, Judge Stephen Bough, who is overseeing the Sitzer/Burnett suit, denied the plaintiffs‘ motion for entry of judgment against HomeServices of America.

Contracts 356
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RMF parent obtains Chapter 7 bankruptcy status

Housing Wire

It can also provide an additional mechanism for resolving disputes while reducing the administrative costs the estate would need to continue paying under Chapter 11. The plan administrator has worked diligently to try and resolve as much of the issues as possible before we needed to come to your honor, but […] that day is here.”

Investing 346
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DataDigest: Rosy economic news could prolong elevated rates

Housing Wire

They signal that economy is still running hot — or at least more than lukewarm — and that inflation may still need more cold water from the Federal Reserve to slow down. Real estate professionals need no reminder of how catastrophic high rates have been for housing inventory , sales and prices.

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Commission lawsuit: HomeServices files motion for judgment as a matter of law

Housing Wire

Just prior to the plaintiffs resting their case late Monday afternoon, HomeServices of America , one of the three remaining defendants in the commission lawsuit , filed a motion for judgment as a matter of law. Rosalie Warner, a corporate representative for HomeServices of America and its affiliates, was the first to appear.

Law 401
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Judge denies HomeServices’ motion for mistrial in commission lawsuit

Housing Wire

Keller Williams was denied its motion for judgment as a matter of law, which it had filed earlier Wednesday. HomeServices’ motion for judgment as a matter of law was also denied. Further, the Court finds that Defendants failed to timely object to the video exhibit properly used for impeachment purposes.”

Buyers 354
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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

To this, Frazier replied that those “who are well to do” would still employ the services of a buyer broker, but people on the lower end — who arguably need advisors the most — would not have access to an agent. Frazier also testified that the average commission at ReeceNichols is 2.75% for both buyer and seller agents.

Law 333