In March, the National Association of Realtorsagreedto a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of real estate. In a sta...
You’ll find a ton of click-bait headlines out there today proclaiming that a recent REALTOR class-action lawsuit settlement aims to drastically cut commissions in the real estate industry, but if the market really demanded lower commissions it doesn’t need a class-action lawsuit to enable that...
What I've Learned in 20+ Years of Real Estate Investing Everything I learned in 20+ Years of Real Estate Investing
Editor's Note: This article has been updated to reflect the outcome of a legal settlement involving commissions paid to real estate agents representing home buyers. Starting in August 2024, home buyers in most markets must sign agreements with their agents before touring homes, and buyers will se...
Keep up with the firm and current events pertaining to class action, civil rights, real estate, commercial litigation, real estate transactions, and related cases. Jul 27, 2024NEW YORK'S 421-a: A LANDORD-FRIENDLY BOONDOGGLE Jul 10, 2024FEDERAL CIVIL RIGHTS LAWSUIT FILED AFTER SEAN HARRIS'S...
Changes Coming on Real Estate Commissions “The National Association of Realtors has reached a settlement and the result of a class action lawsuit as to how commissions can be shared by sellers and listing properties,” began Wahlberg. “The current practice that has been in place, at least in...
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system where services are bundled, but the real estate agent or lender is responsible for directly paying for all other costs. The advantage of this system is that lenders (who always have more buying power) would be forced to seek out the lowest prices for all real estate settlement ...
LAWSUIT INSPIRES A REAL CLASS ACTIONAngelica Medaglia
When you’re engaged in a real estate transaction, you should be clear about which party a real estate agent represents: the buyer, the seller, or both parties.3The party that the real estate agents represent and have a fiduciary responsibility to can significantly affect how they act during ...