In that case, the CFPB levied fines
against real estate brokerages as well as the lender — opening the door to possible future legal attacks against realty agents themselves.
A settlement has been reached in the U.S. Environmental Protection Agency's first enforcement action
against a real estate brokerage for failing to comply with the 1996 Lead - Based Paint Disclosure Rule.
Suits alleging a violation of Section 8 (b) of RESPA have been brought
against real estate brokerages that charge consumers a flat fee in addition to a percentage - based commission.
A North Carolina appellate court has considered a prospective purchaser's breach of fiduciary duty lawsuit
against a real estate brokerage.
A California appellate court has considered whether a lower court properly dismissed a class action lawsuit filed
against real estate brokerage firms over their collection of a «document preparation fee» in addition to their commission amount.
All lawyers who have a cause of action
against a real estate brokerage should first do a fiduciary analysis to determine if advantages exist such as the extension of the statute of limitations, the burden of proof shifting, fee forfeiture, rescission, criminal prosecution or punitive damages.
All lawyers who have a cause of action
against a real estate brokerage should first do a fiduciary analysis to determine if advantages exist such as the extension of the statute of limitations, burden of proof shifting, fee forfeiture, rescission, criminal prosecution or punitive damages.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has assessed its first fine
against a real estate brokerage.
Not exact matches
Dale fought back and ultimately won in court, but claims he had to shut down in 2006 because the Canadian
Real Estate Association maintained similar rules nationally that discriminated
against discount
brokerages.
NEW YORK, NY — Attorney General Eric T. Schneiderman announced today that his office has secured settlement agreements with three
real estate brokerage firms operating in New York City, Nassau County, and Westchester County, following investigations that revealed unlawful housing discrimination
against potential applicants with Section 8 housing vouchers.
The memo is one of a series of reforms coming from Schneiderman, who sources said is now ramping up his local
real estate investigations, including
against developers, landlords and
brokerages.
This case involved a claim by a
real estate agent
against his former
real estate brokerage for unpaid
real estate commissions in the amount of $ 60,000.
Background This case involved a claim by a
real estate agent
against his former
real estate brokerage for unpaid
real estate commissions in the amount of $ 60,000.
The court also noted that the right to pursue the
real estate brokerage business is a property right that the law protects
against such interference.
The purchasers brought an action for breach of contract
against the vendors, the
real estate agent and his
brokerage for deceit.
Furthermore, when a VOW contains all the information of an Association or
Real Estate Board, plus the additional features you have suggested, the costs associated with operating such a website (VOW) should put a VOW type
brokerage at a disadvantage
against a non-VOW type
Real Estate brokerage, that simply wishes to attract new business as a result of being identified as a: «discount broker»?
The action, however, was allowed
against the
real estate agent and
brokerage.
In a development for
real estate brokerages in Alabama, the U.S. District Court for the Northern District of Alabama in April ruled on a class action lawsuit
against a
brokerage that charged a flat $ 149 administrative fee in addition to its commission.
On March 31 RECO laid eight charges
against Parik for accepting commission or other remuneration for trading in
real estate from someone other than the
brokerage that employed him, as well as failing to deliver required copies of agreements to his employing
brokerage.
The Buyers also filed a complaint with the state's
real estate commission
against the
Brokerage's principal broker and Hopkins, but the commission dismissed the complaint.
Toronto discount
brokerage Realtysellers has launched a $ 41 million lawsuit
against the Toronto
Real Estate Board (TREB) after the board blocked Realtysellers» access to the MLS system.
I serve as a director on the board of a local bank, and I must tell you that our board recently passed a resolution
against becoming involved in
real estate brokerage services.
Toronto discount
brokerage Realtysellers has launched a $ 41 million lawsuit
against the Toronto
Real Estate Board (TREB) after the board blocked Realtysellers» access to...
An Ontario Superior Court judge has dismissed Toronto
real estate broker Fraser Beach's lawsuit against the Toronto Real Estate Board (TREB), ruling that TREB was justified in suspending Beach's access to its MLS database after the broker downloaded thousands of listings onto his brokerage's public webs
real estate broker Fraser Beach's lawsuit against the Toronto Real Estate Board (TREB), ruling that TREB was justified in suspending Beach's access to its MLS database after the broker downloaded thousands of listings onto his brokerage's public we
estate broker Fraser Beach's lawsuit
against the Toronto
Real Estate Board (TREB), ruling that TREB was justified in suspending Beach's access to its MLS database after the broker downloaded thousands of listings onto his brokerage's public webs
Real Estate Board (TREB), ruling that TREB was justified in suspending Beach's access to its MLS database after the broker downloaded thousands of listings onto his brokerage's public we
Estate Board (TREB), ruling that TREB was justified in suspending Beach's access to its MLS database after the broker downloaded thousands of listings onto his
brokerage's public website.
Earlier this year, the CFPB issued consent orders for RESPA violations
against a mortgage lender, mortgage servicer and two
real estate brokerage firms.
However, it is also interesting to note that the TheRedPin.com
brokerage still charges a percentage of sale price (commission) for «its» services, the very thing that they rail a
against when applied to so - called «agents», which are in reality «sales persons» as defined by their «
Real Estate Salesperson» licenses.
Learn more about the Consumer Financial Protection Bureau's recent consent orders with two
real estate brokerage firms for RESPA violations arising from their interactions with a mortgage lender, plus tips on how to avoid similar actions
against your
brokerage.
Aitken subsequently filed a complaint
against the Toronto
Real Estate Board, claiming that it has rules that «denied real estate agents the ability to introduce innovative Internet - based real estate brokerage services, such as Virtual Office Websites (VOWs).&ra
Real Estate Board, claiming that it has rules that «denied real estate agents the ability to introduce innovative Internet - based real estate brokerage services, such as Virtual Office Websites (VOWs).&
Estate Board, claiming that it has rules that «denied
real estate agents the ability to introduce innovative Internet - based real estate brokerage services, such as Virtual Office Websites (VOWs).&ra
real estate agents the ability to introduce innovative Internet - based real estate brokerage services, such as Virtual Office Websites (VOWs).&
estate agents the ability to introduce innovative Internet - based
real estate brokerage services, such as Virtual Office Websites (VOWs).&ra
real estate brokerage services, such as Virtual Office Websites (VOWs).&
estate brokerage services, such as Virtual Office Websites (VOWs).»
Real estate salesperson Jennifer Ames Lazarre of Coldwell Banker Residential
Brokerage in Chicago says one of her buyer clients decided
against purchasing a $ 4 million home when the developer refused to remove the tub, which was too small to suit the client's tall frame.
The
real estate buying / selling public in Canada currently enjoys the same right as the political voting public enjoys, the right to vote
against, or for, a so - called dominant industry leader (competing CREA member
brokerages within said industry) via choosing to work with / hire same, or not, when deciding to participate in competitve
real estate offerings / transactions.
There is a rebellion brewing out there amongst the populace
against «all» commission - hungry
real estate salespeople, be they full - service traditional
brokerages or cut - rate «new way»
brokerages, and it is the powers - that - be at the top of the
real estate transaction - industry pyramid who are to blame.
Pennsylvania federal court rules that
real estate brokerage did not owe fiduciary duties to seller when acting as a dual agent and so dismissed those claims
against brokerage but allowed other claims made
against brokerage to continue.
Alabama federal court rejected claims brought
against an affiliated
real estate brokerage and title company, finding that consumers had received the proper disclosure and the disclosure did not have to exactly replicate the language found in the RESPA regulations.
In Mahler v. Keenan
Real Estate, Inc., the Supreme Court of Kansas addressed allegations of fraudulent and negligent misrepresentation by a buyer
against a vendor and a
brokerage firm.
That gap could prove crucial for REALTORS ® as they dig in
against bank - led efforts to rewrite federal laws to allow ownership of
real estate brokerage and management companies by big national banking conglomerates.
In 2004, Edina Realty («MLS»), another
real estate firm operating in the same market as the
Brokerage, brought a lawsuit
against the
Brokerage over its purchase and use of «Edina Realty» as a keyword in search results.
An Ohio federal court has considered allegations made by a national franchisor of
real estate brokerages against a large
real estate brokerage firm operating in Ohio arising from a 2000 settlement agreement between the parties
A Colorado appellate court has reversed a trial court's award of defense costs to a
real estate brokerage to be paid by
brokerage's seller client, arising from a buyer's lawsuit
against both the seller and the
brokerage.
The Michigan Association of REALTORS ® («MAR») has obtained a permanent injunction
against individuals and their company who were operating what constituted a
real estate brokerage business without the proper licenses.
Royal LePage says the
brokerage has increased its market share to 25 per cent, competing
against six
real estate companies within its 100 - square - km trading area.
The
Brokerage had purchased a
real estate liability insurance policy («Policy») from the Company, which was in effect when the Buyers filed their initial lawsuit
against the
Brokerage.
We license the more than 24,000 individuals and
brokerages engaged in
real estate sales, rental property and strata management, we enforce standards of conduct, we investigate complaints from the public against licensees, and we impose disciplinary sanctions under the Real Estate Services
real estate sales, rental property and strata management, we enforce standards of conduct, we investigate complaints from the public against licensees, and we impose disciplinary sanctions under the Real Estate Service
estate sales, rental property and strata management, we enforce standards of conduct, we investigate complaints from the public
against licensees, and we impose disciplinary sanctions under the
Real Estate Services
Real Estate Service
Estate Services Act.
Last year, Prudential
Real Estate said it received $ 1.9 million from Mason McDuffie
Real Estate Inc. to settle a breach of contract lawsuit Prudential
Real Estate filed
against the Pleasanton, Calif. - based
brokerage after it switched its franchise affiliation to Better Homes and Gardens
Real Estate.
357 DOS 02 Matter of DOS v. Elias - failure to appear at hearing; failure to pay judgment; proper business practices; deposits; DOS fails its burden of proof; restitution; ex parte hearing may proceed upon proof of proper service; respondent failed to fully satisfy a judgment obtained
against him without showing that he was unable to do so; a rental broker is entitled to compensation only after procuring a rental agreement between tenant and landlord; retaining part or all of the deposit without obtaining a rental agreement demonstrates untrustworthiness and incompetency; restitution may be ordered as a condition to retention of the broker's license where he has received money to which he is not entitled; unlawful for broker to operate
real estate brokerage business at an address other than that which was stated on his application; broker operated his
real estate business out of an address prior to obtaining a license for that address; DOS failed to prove that respondent commingled and converted deposits;
real estate brokers license suspended for four months and an additional period of time until respondent proves he has paid the balance of the judgment
Kling
Real Estate, Ltd. v. DePalma (306 A.D. 2d 445)- summary judgment motion dismissing broker's complaint affirmed; broker's suit for commission based upon two binder agreements fails where unilateral modification of the proposed contracts of sale by the prospective purchasers constituted a counter offer which the seller rejected; no cause of action exists for commission
against buyer in second transaction where sellers agreed to pay the
brokerage commission
Williams
Real Estate Co., Inc. v. Ann Taylor, Inc. (251 A.D. 2d 230)- no basis upon which to seek a
brokerage commission where exclusive
brokerage agreement did not contain a protection period and first substantive negotiations occurred a year and a half after expiration of the exclusive
brokerage agreement; broker's claim for commission
against tenant fails where exclusive
brokerage agreement provides that broker would seek a commission only from landlord of the premises; broker fails on procuring cause standard where there is no evidence the broker brought the parties together on mutually agreeable terms; no evidence presented that tenant acted in any manner to deprive broker of a rightful commission.
Miller v. Bryce
Real Estate (198 A.D. 2d 589) summary judgment properly denied prior to discovery
against brokerage firm and purchaser for non-disclosure and fraudulent acts where property promptly relisted and sold at profit; no course of action for quadruple damages under RPL § 442 - e (3) as broker was licensed; sanctions awarded for frivolous litigation practices.
If a consumer has entrusted money to a
real estate licensee or an unlicensed individual acting on behalf of a brokerage and that money has been misappropriated or wrongfully converted, intentionally not paid over or accounted for, or obtained by the fraud of that licensee or individual, the consumer may wish to make a claim against the Real Estate Special Compensation F
real estate licensee or an unlicensed individual acting on behalf of a brokerage and that money has been misappropriated or wrongfully converted, intentionally not paid over or accounted for, or obtained by the fraud of that licensee or individual, the consumer may wish to make a claim against the Real Estate Special Compensation
estate licensee or an unlicensed individual acting on behalf of a
brokerage and that money has been misappropriated or wrongfully converted, intentionally not paid over or accounted for, or obtained by the fraud of that licensee or individual, the consumer may wish to make a claim
against the
Real Estate Special Compensation F
Real Estate Special Compensation
Estate Special Compensation Fund.
The
Real Estate Council of British Columbia responded to REM's request for an interview by pointing to a press release dated March 18, which says the council supports FINTRAC in taking appropriate action
against brokerages that do not comply with federal law, and another dated Apr. 1, which announces the hiring of a staff lawyer who will assist in the council's investigations of potential licensee misconduct.
On Jan. 14, FINTRAC imposed an administrative penalty of $ 34,175
against Groupe Mackay, a
real estate brokerage in Lachine, Que.