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 stat...
One Ringy Dingy—for anyone out there who receivedpre-recorded messages from AT&T: There is a proposed Settlement in a class action pending in the US District Court for the Western District of Washington. The class action lawsuit concerns the alleged failure by AT&T Corp. to comply with the ...
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 ...
What Does The Recent NAR Settlement Mean For Sellers? malhotraspokaneReal EstateSeptember 2, 2024 The National Association of Realtors recently settled a class action lawsuit regarding how commissions are advertised. What does this mean for sellers? Very little. The manner in which buyer’s agent ...
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 ...
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...
Current and former Chicago Housing Authority (CHA) residents will receive payments of up to $6.675 million as part of a settlement of a class-action lawsuit filed by six current and former public housing residents. Rights and Responsibilities of Condo Association Board Members Now Available ...
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...
The National Association of Realtors Lawsuit Settlement: Over many months the media has been full of speculation and often, unfortunately, confusing miss information. NAR has moved to settle a massive class action lawsuit, without any admission of guilt, to the substantial financial benefit of the...
Our mission is simple: to empower independent brokers with innovative, guerrilla marketing strategies and cutting-edge tools that give you a competitive advantage. The real estate landscape is evolving rapidly, especially in the wake of the recent NAR class action lawsuit settlement. Now, more than...