SETTLEMENT ANSWERS What is the mechanism for non-association MLSs to obtain releases of liability in seller litigation? For MLSs that are not wholly owned by a REALTOR® association, the agreement includes a mechanism to obtain a release efficiently if they so choose. Broadly speaking, the agreement provides two paths: The MLS can elect to pay… Continue Reading NAR Settlement – MLS Not REALTOR(R) Owned
https://www.inman.com/2024/04/12/judges-decline-to-centralize-commission-lawsuits/?utm_source=newsflash&utm_medium=email&utm_campaign=newsflash&utm_content=1024355_readmore_0_19700101&message_id=35017945.78741 The National Association of REALTORS® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and… Continue Reading Consolidation News
Instant Reaction: Mortgage Rates, April 11, 2024 Yesterday's inflation figures rose to 3.5%, and as a result, mortgage interest rates are likely to increase in the coming weeks. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
Instant Reaction: CPI, April 10, 2024 March inflation figures were very bad, which also means bad news for interest rates. By: Lawrence Yun Powered by WPeMatico
NAR on the unauthorized practice of law and risk management: https://www.nar.realtor/videos/window-to-the-law/avoiding-unauthorized-practice-law The South Carolina Supreme Court decides what is the practice of law and what is the unauthorized practice of law in South Carolina. In the past, the South Carolina Supreme Court has stated that the closing of real estate deals is the practice of… Continue Reading SC Felony Crime: Unauthorized Practice of Law. (NAR Window to the Law)
More telemarketing lawsuits ensnare agents, brokerages The FCC is stepping up enforcement of the Telephone Consumer Protection Act and the National Do Not Call Registry. Some real estate pros are being accused of unlawfully using telemarketing calls and texts for promotional purposes. Here's how to stay out of legal trouble. Full Story: REALTOR® Magazine (4/9)… Continue Reading NAR Magazine: Comply with Do Not Call Laws Before Calling (Similar Text and Email Issues)
SETTLEMENT ANSWERS What were the key factors that influenced NAR's decision to choose the legal path it did to settle seller litigation? NAR explored settling throughout the litigation and carefully considered the other legal options available. These included: Appealing: A win on appeal would only have addressed the verdict in the Sitzer-Burnett case (not any… Continue Reading REALTOR(R) Magazine on Settlement
Instant Reaction: Jobs, April 5, 2024 The job market is strong, with 303,000 net payroll job additions in March; 39,000 net new jobs in construction means more housing supply is coming. By: Lawrence Yun Powered by WPeMatico
Instant Reaction: Mortgage Rates, April 4, 2024 Mortgage interest rates continue their now 17-week stay in the mid-6% range, with the current 30-year mortgage interest rate at 6.82%. By: Jessica Lautz Mortgages & Home Financing Powered by WPeMatico
Suppose someone (e.g., your past real estate client, your current real estate client, perhaps your future real estate client, a consumer, a friend, a relative, a colleague) contacts you and mentions a class action lawsuit postcard. In that case, you may want to be familiar with the NAR and SCR provided information so that you… Continue Reading Your Sphere of Influence, Lawsuit Postcards