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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 ...
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.
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers' long-standing commissions, commonly of up to 6% of the purchase price.
In the United States, the class representative, also called a lead plaintiff, named plaintiff, or representative plaintiff, is the named party in a class-action lawsuit. [66] Although the class representative is named as a party to the litigation, the court must approve the class representative when it certifies the lawsuit as a class action.
A lawsuit may also involve issues of public law in the sense that the state is treated as if it were a private party in a civil case, either as a plaintiff with a civil cause of action to enforce certain laws or as a defendant in actions contesting the legality of the state's laws or seeking monetary damages for injuries caused by agents of the ...
Nov. 16—The city of Santa Fe is asking a judge to dismiss a lawsuit seeking to overturn the new tax on high-end home sales approved by voters earlier this month. In a court filing Monday, City ...
The company was founded by Sylvan M. Cohen (1914-2001) in 1960 following the passage of the Real Estate Investment Trust Act, which allowed real estate trusts to access money from public investment. [ 1 ] [ 2 ] In 1997, the company acquired The Rubin Organization for $260 million, and founder and chief executive officer Ronald Rubin became CEO ...
The case was settled in 1996 for $333 million ($666.6 million in 2024), the largest settlement ever paid in a direct-action lawsuit in United States history to that date. Masry & Vititoe , the law firm for which Brockovich was a legal clerk, received $133.6 million ($273.4 million in 2024) of that settlement, and Brockovich received $2.5 ...
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