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NAR Publishes New Resources for Post-Settlement Home Sale Transactions

NAR Publishes New Resources for Post-Settlement Home Sale Transactions

by Phil Hall | Jul 31, 2024 | Current News & Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Association of Realtors (NAR) has published new resources designed to help consumers understand the changes brought by the Sitzer/Burnett settlement agreement. The new resources are available on facts.realtor and include the following offerings: Fact...
NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

NYC Developer in $272 Million Settlement Over Defrauding EB-5 Investors

by Phil Hall | Jul 11, 2024 | Current News & Events, Industry Updates, Real Estate Investing, Real Estate News, WRE News Exclusive

A New York City real estate developer has entered into a $272 million settlement with the Securities and Exchange Commission (SEC) over accusations that he defrauded Chinese EB-5 investors. The federal EB-5 federal program enables foreign investors to obtain a U.S....
Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

Data Study Warns of Widespread Brokerage Unprofitability After NAR Settlement Goes Into Effect

by Phil Hall | Jun 25, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

A new data study is predicting more than three-quarters of brokerages could become unprofitable if the industry fails to transform their operations once the National Association of Realtors’ (NAR) settlement changes how commissions are structured. The study by...
NAR Cites June 18 Opt-In Deadline on Settlement Agreement

NAR Cites June 18 Opt-In Deadline on Settlement Agreement

by Phil Hall | Jun 17, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The National Association of Realtors (NAR) published a reminder for certain brokerages of the June 18 deadline to opt into NAR’s Settlement Agreement resolving claims related to the Sitzer/Burnett case. According to NAR, brokerages with a residential transaction...
Douglas Elliman Released from Batton 2 Lawsuit

Douglas Elliman Released from Batton 2 Lawsuit

by Phil Hall | Jun 14, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Douglas Elliman has become the latest brokerage to be released from a contentious homebuyers’ lawsuit regarding real estate broker commissions. According to combined media reports, the plaintiffs in the Batton 2 lawsuit dismissed the brokerage without prejudice,...
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