“NAR threw 81 of their largest firms under the bus,” Steve Murray, the co-founder of RealTrends Consulting, said. “Those firms represent roughly 500,000 of their members, or a third of their membership,... Read more »
“I am sensing that there is some kind of disappointment that they got the settlement, but then they didn’t give a road map of how this is most likely going to play... Read more »
“We have tremendous confidence in all these settlements and the benefits they are bringing to the class members,” Ketchmark said. “So, we have no concerns about gaining approval.” While Ketchmark said he... Read more »
The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs... Read more »
A cohort of former employees at now-defunct reverse mortgage lender Live Well Financial has been granted final settlement approval in a class action lawsuit brought against the company’s estate in May 2019.... Read more »
The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough.... Read more »
The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a Delaware bankruptcy judge... Read more »
Speculation is still swirling around the proposed commission lawsuit settlement agreements reached by RE/MAX and Anywhere in the Sitzer/Burnett, Moehrl and now Nosalek lawsuits. The settlement agreements outline specific policy changes, including... Read more »