New York Times relights the fuse on NAR settlement, cooperative compensation
Debra Kamin, the Times’ real estate reporter, discussed the NAR settlement business practice changes this week on an episode of “The Daily.”
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Former Texas title employee sentenced for $350K wire fraud scheme
Mayela Saby Cantu participated in a scheme using falsified lien payoff statements, fraudulent warranty deeds and deceptive emails.
Alabama law: Buyers don’t have to sign contract before home tours
The bill was backed by Alabama Realtors
Is Alabama’s buyer representation bill a legal protection or liability?
Alabama Realtors are backing a law to change the timing of buyer agreements after the DOJ’s statement of interest in the Sitzer/Burnett suit.
Appeals court affirms ruling that ‘no commingling’ is not an antitrust violation
Originally filed by REX in March 2021, the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”
DOGE to federal employees it instructed to stop working: Show us what you worked on or be fired
After being plagued for years by civil investigative demands and lawsuits from the Department of Justice (DOJ), the real estate industry hoped for looser antitrust enforcement under a second Trump administration. Although enforcement experts were initially skeptical, the latest action taken by the Elon Musk-helmed Department of Government Efficiency may be just what the real […]
Optionality of NAR’s no-commingling rule takes center stage at REX appeal hearing
Originally filed by REX in March 2021, the lawsuit alleges that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”
Enforcement experts fear the wild west of a weaker CFPB
Scott Bessent, the new secretary of the Department of the Treasury under the Trump administration, made headlines twice on Monday — once for his appointment as acting director of the Consumer Financial Protecture Bureau (CFPB) and again for his order to CFPB staff to halt all bureau activities.
Nosalek plaintiffs seek preliminary approval of MLS PIN settlement
After 16 months of back and forth, the MLS PIN plaintiffs claim the DOJ will not provide any information on desired amendments.
Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam
The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.