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National Association of Realtors) is a class-action lawsuit challenging the fees charged by real estate agents in the United States. The case was filed against the National Association of Realtors and some of the largest brokerages in the country. At trial, a federal jury found that they violated antitrust law by conspiring to force home ...
A real estate attorney, broker, escrow officer (in the western states), or loan officer can provide detailed information as to the price of title search and insurance before the real estate contract is signed. Title insurance coverage lasts as long as the insured retains an interest in the land insured and typically no additional premium is ...
Real estate attorneys can also provide valuable advice to a buyer and seller engaged in a for-sale-by-owner transaction. In this scenario, the lawyers can draft and review the purchase contract ...
The terms legal case management (LCM), legal management system (LMS), matter management or legal project management refer to a subset of law practice management and cover a range of approaches and technologies used by law firms and courts to leverage knowledge and methodologies for managing the life cycle of a case or matter more effectively.
An insurer that reserves its rights may recover reimbursement from its own policyholder certain sums spent for the costs of defense [8] and the costs of settlement. [9] A right that does not already exist may not be created by reserving it. [10] A valid reservation of rights does not require the policyholder’s consent. [11]
The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601–2617.
💡 How it works: Adjustable rates vs. fixed rates. For a $400,000 loan, choosing a 5/1 ARM at 6.30% instead of a 7% fixed rate could save you $514 monthly during the initial period — $2,476 ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.