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UWM Pushes Back at Hedge Fund’s Claims of Fraudulent Business Practices

UWM Pushes Back at Hedge Fund’s Claims of Fraudulent Business Practices

by Phil Hall | Apr 10, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

United Wholesale Mortgage (UWM) (NYSE:UWMC) has pushed back on an attack against its operations by a hedge fund-backed Internet page that coincided with a lawsuit against the company and the hedge fund’s shorting of its stock. The lawsuit was filed last week by four...
The Real Brokerage in $9.25 Million Settlement of Commissions Lawsuit

The Real Brokerage in $9.25 Million Settlement of Commissions Lawsuit

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

The Real Brokerage Inc. (NASDAQ: REAX) announced a $9.25 million settlement agreement to resolve the pending class action litigation in one of the post-Sitzer/Burnett copycat lawsuits regarding the commissions paid to real estate professionals. Under the terms of the...
NYC Homeowners Sued by Squatters Removed from Their Property

NYC Homeowners Sued by Squatters Removed from Their Property

by Phil Hall | Apr 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A New York City couple that managed to remove squatters from their $930,000 home are now being sued by the trespassers. According to the New York Post, Denis Kuryland and Juliya Fulman spent $530,000 renovating their Queens investment property and secured tenants for...
Sitzer/Burnett Plaintiff: ‘Realtors Are Controlled by a Huge Spider Web’

Sitzer/Burnett Plaintiff: ‘Realtors Are Controlled by a Huge Spider Web’

by Phil Hall | Mar 27, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The lead plaintiff in the Sitzer/Burnett case stated that landmark lawsuit was based on her real estate agent’s refusal to negotiate her commission – but rather than sue the agent, she was steered into suing the trade association representing real estate...
National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits

by Phil Hall | Mar 15, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has agreed to a $418 million settlement that will resolve a series of lawsuits that challenged its rules on real estate broker commissions. The New York Times reported that it obtained a copy of the settlement, which will be...
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