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Anywhere Real Estate, Inc. RE/MAX, LLC; Jurors found that all the defendants in the case "knowingly and voluntarily" engaged in a conspiracy with the goal of "raising, inflating, or stabilizing broker commission rates paid by home sellers" by following and enforcing NAR's cooperative compensation rule.
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide claiming that longstanding practices by real estate brokerages ...
Timothy Chad Hutchinson (born March 4, 1974) is an attorney in Fayetteville, Arkansas, who is a Republican former member of the Arkansas House of Representatives for District 95 in Benton County. He was initially elected in 2004, two years after his father, Tim Hutchinson , lost reelection to Democrat Mark Pryor to a second term in the United ...
In 1962, "blockbusting" – real estate profiteering – was nationally exposed by The Saturday Evening Post with the article "Confessions of a Block-Buster," which explained how realtors gained profit by frightening white Americans to sell at a loss, in order to quickly resettle to racially segregated "better neighborhoods."
A change to the real estate commission structure is shaking the industry — and homebuilders and consumers appear to be the winners. This week, Compass agreed to pay $57.5 million to settle ...
The Real Estate Bank of Arkansas was a bank in Arkansas during the 1830s through 1850s. Formed in 1836, the bank had a troubled history with accusations of waste and favoritism, as well as violations of the bank's legal charter. The bank suspended specie payments in 1839 to allow it to lend out more money.