A Pennsylvania court has considered whether a MLS participant was properly sanctioned for violating a stipulation agreement he entered into with a REALTOR® association.
In 2007, Thomas Wilkins (“Broker”) filed a lawsuit against the Pike/Wayne Association of REALTORS® (“Association”) after the Association removed some of the Broker’s listings from the Association’s multiple listing service (“MLS”) that were listings of non-MLS participants. The parties entered into a settlement agreement (“Stipulation”) that was filed with the court. In the Stipulation, the Broker agreed to: abide by the MLS’s rules; provide the Association with a verification form for all listing agreements; and he would only place listings into the MLS secured by him. Read More.
An Ohio appellate court has considered whether a buyer’s action for misrepresentation against a brokerage and its salesperson could proceed when the salesperson incorrectly told the buyer that she could lease the property to third-parties after purchase.
In March 2010, Billie Levert-Hill (“Buyer”) contacted real estate professional Jason Caccamo (“Salesperson”) of Associated Holding Group, LLC, d/b/a Prudential Select Properties (“Brokerage”) about her interest in one of the Salesperson’s listings. She told the Salesperson that she planned to purchase the property as an investment and would lease the property following purchase. Read More.
A Tampa, Fla., real estate professional has been dismissed from a complaint filed by a fair housing tester in November 2012, says National Association of REALTORS® General Counsel Laurie Janik. His case generated attention online and off this week after he posted an account of the resulting legal and financial complications on real estate social media site ActiveRain.
“What started out as blog post that I thought would get maybe 20 replies ended up blowing up and going viral,” says Jeff Launiere, the practitioner originally named as the defendant in the lawsuit.
According to the complaint, the plaintiff — an independent real estate tester — found language on a listing on realtor.com® that she believed violated the Federal Fair Housing Act, Janik says. Specifically, the property description mentioned that it was for “adults only… no children under 16,” yet it was not in a designated 55-plus community. Read More.
An Iowa court has considered whether a salesperson was entitled to receive her usual commission split for transactions that were under contract when she left the brokerage but had not yet closed.
Jo Ernst (“Salesperson”) has worked part-time as a real estate salesperson since 1987. Over the years, she has affiliated her license with a few different brokerages, as required by state law. In 1990, she affiliated with The Craven Agency. In 2007, broker Bruce Engel (“Broker”) of the Engel Agency (“Brokerage”) purchased the The Craven Agency, and the Salesperson transferred her license to the Brokerage and continued to work out of that office. There was no written agreement establishing the terms of the relationship between the Brokerage and the Salesperson over the payment of commissions, including the time when commissions were earned. Read More.
A Nevada’s highest court has considered whether to uphold a jury verdict against a real estate professional over allegations that she failed to make a subsequent purchase contingent on the sale of a residence.
Kristen Beling and William Dougherty, Jr. (collectively, “Doughertys”) decided to sell their home in Augusta (“Augusta Property”) and build a new home in a development. They entered into a listing agreement with Cheryl Davis (“Davis”) of Triple Win, LLC d/b/a Platinum Properties GMAC Real Estate (“Brokerage”) to sell their existing home. The Doughertys planned to use the proceeds from the sale of the Augusta Property to finance the construction of their new home. Read More.
Kentucky Attorney General Jack Conway today announced that the nation’s five largest mortgage servicers continue to provide direct relief to homeowners in Kentucky and across the country as part of the historic national mortgage foreclosure settlement. According to the third post-settlement report released today by the independent settlement monitor, 1,562 Kentucky homeowners received more than $55.5 million in settlement-related relief from Ally/GMAC, Bank of America, Citi, Chase and Wells Fargo through December 31, 2012. Borrowers received an average of $35,534 in assistance. Read More.
MERSCORP Holdings noted that three-judge panel of the U.S. Courts of Appeal for the Sixth Circuit ruled in favor of MERS, its parent company Mortgage Electronic Registration Systems and a number of MERS members.
The U.S. Court of Appeals affirmed a U.S. District Court dismissal of a recording fee suit that was filed jointly by Christian and Washington County Clerks in Kentucky.
“It is undisputed that the Kentucky recording statutes… do not expressly provide the Clerks with a cause of action,” Circuit Judge Helene N. White wrote on behalf of the panel. “Clerks are not within the class of persons the Kentucky legislature intended to protect under the recording statutes.” Read More.
As we all well know, the Fair Housing Act prohibits any type of discrimination from Real Estate Professionals when choosing who to rent their property or unit to in regards to race, gender, sexual orientation, disability, family status or national origin, and in some counties: section 8 voucher status (tenantsunion.org). But what about disparate impact?
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Disparate impact is the legal theory that people of certain races and ethnicities are disproportionately represented in the criminal justice system. Read More.
In filing a lawsuit on Wednesday in Franklin Circuit Court, Attorney General Jack Conway said a national mortgage company deliberately violated Kentucky law by not recording mortgages with county clerks.
Conway said MERSCORP Holdings, Inc. and its subsidiary Mortgage Electronic Registration Systems, Inc., chronically failed to file the mortgages when they were sold or transferred thereby avoiding a $12 clerks fee each time.
MERS has denied any wrongdoing (see statement below).
Conway said “MERS directly violated the law by creating this system that provides absolutely no public record of sales or transactions.” Read More.
A Missouri court has considered whether a broker could collect a commission from a commercial lease transaction when the parties had agreed to a lease but had not fixed the monthly base rent.
In 1998, DeBruce Grain, Inc. (“Tenant”) entered into a ten-year lease with Briarcliff Development Company (“Landlord”) for office space. The lease contained a renewal option, but the Tenant did not exercise the renewal option and instead hired the real estate brokerage firm Wally & Co. (“Brokerage”) to assist the Tenant in its search for office space. Read More.