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A landmark ruling against some of the most powerful players in the real estate industry could lead to major changes in how homes are bought and sold. Last month, a federal jury in Missouri found ...
A groundbreaking $418 million settlement announced Friday by the powerful National Association of Realtors is set to usher in the most sweeping reforms the American real estate market has seen in ...
The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
racial discrimination in its allocation of farm loans and assistance: 1999/2010 Price v. Philip Morris, Inc: cigarette company advertising class action led by plaintiff's attorney Stephen Tillery resulted in $10.1 billion judgement [1] Madison County, Illinois: 2003/2006 Ritalin class action lawsuits: promoting disorder ADHD to increase drug ...
Likewise, other states' legislation allowed lawsuits against real estate companies and brokers who cheated buyers and sellers with fraudulent representations of declining property values, changing racial and ethnic neighborhood populations, increasing crime rates, and the "worsening" of schools, as results of racial mixing. [2]
Recently, the NAACP has submitted a lawsuit concerning alleged injustices in the lending industry. [18] An analysis, by N.Y.U.'s Furman Center for Real Estate and Urban Policy, illustrated stark racial differences between the New York City neighborhoods where subprime mortgages were common and those where they were rare. The 10 neighborhoods ...
A powerful real estate trade group has agreed to do away with policies that for decades helped set agent commissions, moving to resolve lawsuits that claim the rules have forced people to pay ...
This practice, also known as mortgage discrimination, began when the federal government and the newly formed Federal Housing Administration allowed the Home Owners' Loan Corporation to create "residential security maps", outlining the level of security for real-estate investments in 239 cities around the United States. On these maps, high-risk ...