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The $418 million deal announced last Friday would resolve litigation brought by home sellers accusing the trade group of setting unlawful agent commissions and indirectly inflating home prices ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
Changes may soon be on the horizon for real estate commission rates after a Kansas City jury determined – in a $1.8 billion judgement in October – that commissions had been inflated and that ...
Location of Wheeling in Cook County, Illinois. / 42.13139°N 87.92972°W / 42.13139; -87.92972. Wheeling is a village in Cook and Lake counties in the U.S. state of Illinois. A suburb of Chicago, it is primarily in Cook County, approximately 23 mi (37 km) northwest of downtown Chicago. Per the 2020 census, the population was 39,137. [ 4]
NAR et al, is the first of two antitrust lawsuits centered on NAR’s commissions policy to go to trial, and it could upend the structure of the entire real-estate industry, which the class of ...
Lis pendens. In United States law, a lis pendens (Latin for 'suit pending' [ 1] ) is a written notice that a lawsuit has been filed concerning real estate, involving either the title to the property or a claimed ownership interest in it. The notice is usually filed in the county land records office. Recording a lis pendens against a piece of ...
The Institute for Justice (IJ) is a non-profit public interest law firm in the United States. [4] [5] [6] It has litigated twelve cases before the United States Supreme Court dealing with eminent domain, interstate commerce, public financing for elections, school vouchers, tax credits for private school tuition, civil asset forfeiture, and residency requirements for liquor license.
It means a buyer paying a 2% commission on a $500,000 home would need to come up with another $10,000. "There's not a lot of inventory, and buyers are absolutely getting hammered right now," said ...