News & Analysis as of

Real Estate Agents

Orrick, Herrington & Sutcliffe LLP

Washington, D.C. Attorney General settles with a title insurance company

On October 24, the District of Columbia Office of the Attorney General (D.C. AG) announced a $500,000 settlement with a title insurance company accused of an illegal kickback scheme. The D.C. AG alleged the company offered...more

Frantz Ward LLP

Ohio Law Changes How Home Buyers View Properties and Pay their Agent

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A new Ohio law effective today drastically changes how Ohio real estate licensees represent clients, including when a prospective buyer wants to view a residential property. Licensees are now obligated to enter into a written...more

Lowndes

NAR Rule Changes and Their Impact on Buyers

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New rules from the National Association of Realtors (NAR), effective August 17, 2024, are reshaping real estate transactions. Stemming from a federal court ruling in October 2023, these changes aim to increase transparency...more

Lowndes

NAR Rule Changes and Their Impact on Sellers

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The real estate industry is experiencing significant changes following the implementation of new National Association of Realtors (NAR) rules, effective August 17, 2024. These changes, prompted by a federal court ruling in...more

Bennett Jones LLP

Open Your Wallets Wider! Increases to Alberta Land Transfer and Mortgage Registration Fees Coming October 20, 2024

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On September 27, 2024, the Government of Alberta announced that the fee increases foreshadowed in their spring budget will take effect on October 20, 2024, when the amendments to the Land Titles Act and the Tariff of Fees...more

Orrick, Herrington & Sutcliffe LLP

California Attorney General secures preliminary injunction against realty companies

On September 17, California Attorney General Rob Bonta announced that a preliminary injunction order against affiliated Florida-based realty companies (the defendants) was issued by the Superior Court of California for the...more

Bennett Jones LLP

The Battle of Bona Fides: The Doctrine of Indefeasibility Revisited

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When it comes to registered title, we take comfort in it being right—its record, indefeasible. The land titles registry is the root of our confidence in the state of title. Registered instruments are, by virtue of their being...more

Lerch, Early & Brewer

Hiring an Attorney May Save You Money When Looking to Buy a Home

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Buying a home is commonly an individual’s most significant purchase. A buyer will often turn to a real estate agent for guidance during the home buying process, particularly because historically the seller pays the buyer’s...more

Carlton Fields

What the NAR Settlement and Real Estate Consumer Protection Enhancement Act Means for You

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In October 2023, the National Association of Realtors (NAR) was found liable by a federal jury of making home sellers pay excessive commission fees. Following a settlement between the NAR and the federal government, many new...more

Cozen O'Connor

DC AG Settles with Title Insurance Companies over Referral Payments

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District of Columbia AG Brian Schwalb has settled with Allied Title & Escrow, LLC, KVS Title, LLC, Union Settlements, LLC, and Modern Settlements, LLC, along with affiliate entities to resolve an investigation into...more

Cole Schotz

Buyer Beware: An update on the sweeping changes implemented by the National Association of Realtors and their potential...

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Major changes hit the U.S. housing market this past month that may lead to lower housing prices across the nation. These changes stem from a settlement agreement entered into by the National Association of Realtors (“NAR”),...more

Ballard Spahr LLP

DC Attorney General Settles with Four Title Company Joint Venture Organizers

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The District of Columbia (DC) Office of the Attorney General (OAG) recently entered into settlements with four title companies in connection with title company joint ventures that included the companies and real estate agents...more

Flaster Greenberg PC

What You Need to Know About the Consumer Protection Enhancement Act

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In early July 2024, Governor Murphy signed Bill S3192/A4454, also known as the “Real Estate Consumer Protection Enhancement Act” (the “Act”), into law. The Act incorporates certain additional protections for consumers...more

Manatt, Phelps & Phillips, LLP

NAR Broker Commission Policy Change Following Antitrust Settlement

In 2019, home sellers brought a series of class-action lawsuits against the National Association of Realtors (NAR) and several national real estate brokerages, alleging that the defendants conspired in anticompetitive...more

Bricker Graydon LLP

[Event] September Bridge Series - September 5th, Cincinnati, OH

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Join us for the Good News in September as we celebrate the leadership and achievements within Greater Cincinnati's real estate community. We will spotlight the positive impact of real estate initiatives that are shaping our...more

Cole Schotz

Key Ruling on Real Estate Broker Classification Announced by New Jersey Supreme Court

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The New Jersey Supreme Court recently held that an agreement between a real estate salesperson (i.e., a realtor) and a real estate broker designating the salesperson as an independent contractor is dispositive in determining...more

Jackson Lewis P.C.

Empowering Agent and Employee Wellness in the Real Estate Industry

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Wellness is important for a variety of reasons, not the least of which is that real estate agents and employees spend so much time at work. According to the U.S. Bureau of Labor Statistics, in 2022, full-time employees in the...more

Bennett Jones LLP

Killing the Deal (Anticipatory Repudiation in a Real Estate Purchase)

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Once an agreement of purchase and sale for real estate is signed, the path to closing and the rules of closing are firmly engrained, both in the terms of the contract and in principles of law and equity. You don’t get to...more

Whitman Legal Solutions, LLC

Why the NAR Settlement Might Favor Sellers of High-Priced Homes

Suppose we compare how orchestra violinists are paid to how residential real estate agents are paid. In contrast to violinists, who must spend a fixed amount of time in rehearsals and concerts, real estate agents receive the...more

Tonkon Torp LLP

Are Real Estate Agents Independent Contractors Under New DOL Rules?

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The U.S. Department of Labor’s new rules on determining whether a worker is an independent contractor or an employee went into effect March 11, 2024. The changes reflect the current political climate strongly favoring...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Roundup (3/20/24) – Construction Backlog Falls, National Association of Realtors Settle...

In our latest roundup, bad loans outweigh loss reserves at top six U.S. banks, the FCC announces a proposed rule aimed at “bulk billing,” office-to-multifamily conversion projects grow in major metro cities, and more!...more

Lowndes

National Association of Realtors to Eliminate 6% Sales Commissions

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The National Association of Realtors (NAR), which represents more than 1 million Realtors, has agreed to eliminate its standard 6%sales commissions with home sellers. By reaching a $418 million settlement with home sellers in...more

Buckingham, Doolittle & Burroughs, LLC

Knock, Knock:  E-Keys and Unauthorized Access

In the world of real estate, ensuring the safety and security of homes during the selling process is of paramount importance. One of the key challenges facing Ohio Realtors is the potential risk of unauthorized access to...more

International Lawyers Network

Buying and Selling Real Estate in Ukraine (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER UKRAINIAN LAW - І. Types and specifics of real estate in Ukraine - The main types of real estate in Ukraine are the following: • plots of land; • other objects...more

Lathrop GPM

Franchisor Settles Antitrust Claims in Broker Commission Antitrust Litigation

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Real estate brokerage franchisor Keller Williams has agreed to a settle claims related to the ongoing broker commission antitrust litigation. Burnett v. National Ass’n of Realtors, Case No. 4:19-CV-00332 (W.D. Mo.), which has...more

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