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Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

Judge Rejects Bid by Batton 1 Plaintiffs to Block Brokerage Settlements

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An Illinois judge rejected a last-minute effort by plaintiffs in the Batton 1 lawsuit to halt the final court approval of settlements by three major brokerages in the Sitzer/Burnett case. The Batton 1 plaintiff sought to block the settlement agreements by Anywhere,...
Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects

Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Massachusetts Gov. Maura Healey is proposing a new “mansion tax” strategy to fund the state’s affordable housing endeavors. According to combined media reports, Healey’s recently proposed $4 billion housing bond bill would enable cities to enact a transfer fee ranging...
Jeffrey Jackson, President of the Orange County Association of Realtors, Dies at 65

Jeffrey Jackson, President of the Orange County Association of Realtors, Dies at 65

by Phil Hall | May 9, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Jeffrey Jackson, president of California’s Orange County Association of Realtors, passed away on May 1 at the age of 65 following a bout with cancer. Jackson was a senior risk manager at Realty One Group who was elected last July to a one-year term as the...
Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case

Commissions Lawsuit Settlements Face Delay from Plaintiffs in Another Case

by Phil Hall | May 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The proposed settlements involving three major real estate brokerages accused of improper commission practices in the Sitzer/Burnett lawsuit are facing a challenge from plaintiffs in another lawsuit. The plaintiffs in the Batton 1 lawsuit filed a motion for a...
Travelers to Raise California Homeowner Insurance Rates by 15%

Travelers to Raise California Homeowner Insurance Rates by 15%

by Phil Hall | May 8, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California homeowners who rely on Travelers Insurance will be paying a lot more money for their residential insurance needs. According to a San Jose Mercury-News report, Travelers will be raising rates at an average of 15.3%, with some of the company’s 320,320...
Ex-Ginnie Mae Chief Alanna McCargo to Lead FHLBank San Francisco

Ex-Ginnie Mae Chief Alanna McCargo to Lead FHLBank San Francisco

by Phil Hall | May 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Alanna McCargo, who stepped down last week as president of the Government National Mortgage Association (Ginnie Mae), has been named president and CEO of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). McCargo will officially join the bank on June...
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