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Real Estate Group Sues to Halt NYC’s Ban on Broker Fees

Real Estate Group Sues to Halt NYC’s Ban on Broker Fees

by Phil Hall | Dec 17, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Real Estate Board of New York (REBNY), a lobby group representing New York City brokerages and landlords, has filed a lawsuit in federal court to block a new law that would end the local practice of tenants paying upfront broker fees to agents who list apartments...
Florida Real Estate Agent Found Guilty of Not Paying Income Taxes for Five-Year Period

Florida Real Estate Agent Found Guilty of Not Paying Income Taxes for Five-Year Period

by Phil Hall | Dec 17, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Florida real estate agent self-dubbed the “Land Man” was found guilty by a federal judge of five counts of willfully failing to file his income tax returns during a five-year period. Sedita Charles Cayson is accused of having a history of not filing income taxes,...
Real Estate Investor Sued for Non-Payment on $28 Million Artwork

Real Estate Investor Sued for Non-Payment on $28 Million Artwork

by Phil Hall | Dec 17, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

An Italian real estate investor is at the center of an art world scandal for buying an 18th century painting at a record price and allegedly refusing to pay for it. Art News reports that the Christie’s auction house filed a lawsuit in Paris against Nanni Bassani...
Megan Castleton Named Chief Credit Officer at Constructive Capital

Megan Castleton Named Chief Credit Officer at Constructive Capital

by Phil Hall | Dec 17, 2024 | Market Snapshot, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Constructive Capital, an Oakbrook Terrace, Illinois-based wholesale capital provider for mortgage brokers and real estate investors, has hired Megan Castleton as chief credit officer. In her new job role, Castleton will develop and implement credit policies,...
The Evolution of Property Taxes in the United States: Origins, Purpose, and Reform Opportunities for Retirees

The Evolution of Property Taxes in the United States: Origins, Purpose, and Reform Opportunities for Retirees

by John G. Stevens | Dec 16, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Property taxes form the bedrock of local governance in the United States, yet their implications extend far beyond revenue generation. As one of the oldest forms of taxation, property taxes are deeply rooted in the nation’s history, reflecting a tradition of...
Biden Commutes Prison Sentence for Construction Boss in Las Vegas HOA Takeover Scheme

Biden Commutes Prison Sentence for Construction Boss in Las Vegas HOA Takeover Scheme

by Phil Hall | Dec 16, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A former construction company owner who was sentenced to over 15 years in prison for a $58.1 million scheme to defraud Las Vegas-area homeowner associations (HOA) had his sentence commuted by President Joe Biden. According to combined media reports, Leon Benzer is the...
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