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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 ...
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 ...
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]
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 ...
The cases. The rumblings of this shakeup intensified on Oct. 31 when a unanimous eight-member jury concluded that since 2015, NAR and its broker co-defendants who belong to NAR’s professional ...
He is currently an Acting Justice of the Supreme Court of the State of New York and the county court judge for Saratoga County, New York. [1] Murphy began serving in the Saratoga County District Attorney's Office in 1988, as an assistant DA. [2] He first was elected district attorney in 1997 and was sworn in on January 2, 1998.
The plaintiff, Frederick Walz, an owner of real estate in Staten Island, New York, brought suit in the New York Supreme Court, Special Term, seeking to enjoin the New York City Tax Commission from granting these exemptions. Walz contended that the exemptions indirectly required him to make a contribution to religious bodies and thereby violated ...
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 ...