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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...
NAR Requests Changes to VA Home Loan Policies, Citing ‘Potential Disadvantage’ to Veterans

NAR Requests Changes to VA Home Loan Policies, Citing ‘Potential Disadvantage’ to Veterans

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

In the wake of the $418 million settlement by the National Association of Realtors (NAR) that will result in changes to the real estate agent commission structure, a new problem arose regarding veterans seeking to buy a home using a VA home loan. Under the current...
Budge Huskey on the NAR Settlement: Don’t Believe Everything You Read

Budge Huskey on the NAR Settlement: Don’t Believe Everything You Read

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

Budge Huskey, the president and CEO of Premier Sotheby’s International Realty, has issued an eight-point statement that challenges assumptions raised the mainstream media about the $418 million settlement announced by the National Association of Realtors (NAR)....
NAR Takes Credit for Defeating Chicago’s ‘Mansion Tax’ Referendum

NAR Takes Credit for Defeating Chicago’s ‘Mansion Tax’ Referendum

by Phil Hall | Mar 27, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) is taking credit for last week’s rejection by Chicago voters of a ballot referendum that would have changed the city’s real estate transfer tax structure. Chicago voters rejected the referendum 54% to 46% ratio. In a website...
Hits and Misses for the Real Estate Week of March 18-22

Hits and Misses for the Real Estate Week of March 18-22

by Phil Hall | Mar 22, 2024 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Attacks on realtors by the Wall Street Journal and President Biden, a pair of unusual HUD endeavors and Chicago voters rejecting the “mansion tax.” From the wild and wooly world of real estate, here are our Hits and Misses for the week of March 18-22....
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