Lawsuit seeks $34M from Chicago investor Shangxuan Tan Long trail of litigation accuses “severely distressed” real estate dealmaker behind multifamily firm OC Ventures of siphoning away investments, loans for personal gain South Florida Nov 15, 2024 ...
Real estate commission rates used to typically total around 6 percent of a home's sale price, but in recent years, that amount has been closer to 5 percent. Due to a recent lawsuit, sellers will soon no longer be required to pay for their buyer's agent's fee. This may open the do...
Judge tosses lawyer’s dueling lawsuit against Willkie partner in spat over New York Post story A solo practitioner accused of facilitating a negative story about a BigLaw partner in the New York Post can’t sue for a declaratory judgment that his actions were protected by the First Amendment,...
National Association of Realtors® Proposes to Settle Commission Lawsuits Nationally March 18, 2024 On March 15, 2024, the NAR broke the news that it had reached an agreement with the class-action plaintiffs in the Sitzer-Burnett anti-trust commission lawsuit. This is the lawsuit in which NA...
A lawsuit against NAR could change the commission structure for real estate agents across the U.S. Here's what you need to know. Real Estate Agents Aren't Worried About the NAR Commission Lawsuit. Here's Why Is the NAR commission lawsuit bringing big changes to the real estate market? Age...
“This was done by disrupting their businesses, precluding their membership with John’s Island Club, causing them financial loss, and damaging their own good standing within the community,” the lawsuit claims. The legal b...
Will Real Estate Agents Matter in the Future? Given the backlash against real estate agents unleashed by the commission lawsuits, many agents anticipate needing to explain their value to customers. “When people go to court, they don’t ask the lawyer for the prosecution to defe...
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See how much real estate commission you’ll pay to sell your home and how the commission is split between the brokers and the agents.
Real estate brokeragesmay get a cut of the commission as well. The brokerage RE/MAX, for example, has a split commission setup by which its agents receive 95 percent of the full commission from the sale, and 5 percent goes back to the company. ...