A group of banking and mortgage associations is trying to get the U.S. Supreme Court‘s attention due to constitutional concerns about the state of New York’s Foreclosure Abuse Prevention Act (FAPA). Friedman Vartolo LLP announced on Monday that it has filed an amicus curiae brief with the Supreme Court on behalf of five of the […]
Groups petition Supreme Court over New York foreclosure statute Read More »
The plaintiffs in the fake leads lawsuit involving Move, News Corp. and the National Association of Realtors (NAR) have announced that they’ll be filing a motion for the court to reconsider its ruling on the defendants’ motion to compel arbitration as early as Aug. 8. Lead plaintiff James Bandy and 12 other named plaintiffs are
Plaintiffs in fake leads lawsuit ask court to reconsider ruling Read More »
If you are familiar with ThePLS.com’s original antitrust suit filed in 2020 against the National Association of Realtors over NAR’s Clear Cooperation Policy (CCP), reading the new suit filed Tuesday might give you déjà vu. In its 31-page complaint filed in U.S. District Court in Los Angeles, the PLS notes that “Paragraphs 1-121 of this
Do you get déjà vu? The PLS sues NAR — again Read More »
As class-action lawsuits continue against major real estate brokerages for alleged telemarketing violations, firms of all sizes are under increasing pressure to strengthen their compliance practices. According to attorney Michele Shuster, a founding partner of Mac Murray and Shuster LLP, staying within the bounds of federal and state telemarketing laws isn’t just a legal necessity
What agents must know about telemarketing consent Read More »
Zillow is not buying Compass’s claims that its listing standards policy has or ever will cause “irreparable harm” to the nation’s top brokerage by sales volume. On Monday, the listing portal giant filed two letters in response to Compass’s motion for a preliminary injunction and its motion for expedited discovery. The responses come just a
Zillow fires back against Compass’s claims of ‘irreparable harm’ Read More »
When the National Association of Realtors’ (NAR) agreed to implement mandatory buyer representation agreements as part of its commission lawsuit settlement agreement, the trade group said it was in the name of increased transparency. It’s with this same goal in mind that Northwest MLS (NWMLS) said it chose to implement referral fee disclosures. “Northwest MLS
Are broker-to-broker referral fees next in the real estate hot seat? Read More »
An Arlington County, Virginia, “Missing Middle” housing initiative has been given new life following a Virginia Court of Appeals decision Tuesday — dismissing a lawsuit aiming to overturn the zoning overhaul. A report from WTOP News showed the court finding that a group of homeowners who filed suit failed to include real estate developers as
Virginia appeals court backs ‘missing middle’ housing policy Read More »
Fannie Mae has launched an AI-powered Crime Detection Unit in partnership with Palantir Technologies to achieve what FHFA/Fannie/Freddie chief Bill Pulte has called “something big on mortgage fraud.” Fannie Mae we all know is the grande dame of American Housing. Less known is Palantir Technologies. It describes itself as “bringing the right data to the
Fannie Mae’s new AI-powered crime detection unit: The Pulte/Palantir project Read More »
While his firm may not be named as a defendant in Compass’s lawsuit against Zillow, it doesn’t that mean Glenn Sanford, the CEO of eXp World Holdings, doesn’t have thoughts to share. In its complaint, Compass (the nation’s largest brokerage by sales volume) named eXp Realty (the top brokerage by transaction sides), as a co-conspirator.
eXp’s Glenn Sanford fires back at Compass over private listings Read More »
The appraisal industry shed no tears when the Trump administration sought to undo the Property Appraisal and Valuation Equity (PAVE) Interagency Taskforce, the federal effort to investigate racial bias in appraisals implemented by former President Joe Biden. But that doesn’t mean appraisers have seen the end of federal regulation and litigation around appraisals, or the
Trump’s assault on DEI hasn’t ended federal efforts to stop appraisal bias Read More »