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Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
Homeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of thousands of dollars, the Federal ...
The National Association of Realtors (NAR) is an American trade association [5] for those who work in the real estate industry. As of December 2023, it had over 1.5 million members, [6] making it the largest trade association in the United States [7] including NAR's institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries.
Day care managers confirmed the violations. For Parkash, an Indian immigrant, real estate is a family business: His three sons are housing lawyers, and Anurag Parkash is also the chief of NHS, an EPA-certified lead abatement company. In interviews, several of Ved Parkash’s tenants accused him of putting profit above their safety.
Check Out: Real Estate Agents Explain Why You Should Never Invest in These 7 Home Features. Your Credit Is Spotty. Having good credit is key to getting a loan with good terms and rates. If you ...
The corporation filed for bankruptcy in 1989, and reorganized as Cardinal Realty Services, Inc., a real estate ownership and management company. Cardinal Realty Services, Inc. was listed on the New York Stock Exchange [CRSI] before merging with Equity Residential. [3] Ownership of many properties transferred to Equity Residential. Today many of ...
The group’s data, gathered from Zillow listings between Jan. 7 and Jan. 18, revealed that landlords and agents have been overcharging renters by an estimated $7.7 million per month — totaling ...
The real estate scam involved fraudulent appraisals, credit documents, loan applications, and straw buyers. O'Keefe was ordered to pay nearly $700,000 in restitution. [11] For his leadership role in the scam, O'Keefe received an 18-month sentence at the Butner prison.
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