Tag Archives: fiduciary duty

Widow sues Compass for alleged abuse in pocket listing sale

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The lawsuit alleges Compass agent Cory Cooper pressured an elderly homeowner to sell her property off the multiple listing service to a real estate investor he knew. Continue reading →

Homebuyers sue REX after losing $140K in wire fraud scam

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The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage’s title company and sent the buyers fraudulent wiring instructions. Continue reading →

KW demands REX turn over audio recordings in commission suit

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The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case. Continue reading →

22 common ways agents violate the Realtor Code of Ethics

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Broker and ethics hearing officer Barbara Betts details the ways agents misrepresent themselves and the transaction, sometimes inadvertently. Continue reading →

NAR claps back on commission attacks

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The trade group’s president accuses commission detractors of duplicity “for a payout” under the guise of protecting consumers. Continue reading →

Study commissioned by REX claims commissions are deeply inflated

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Real estate commissions are inflated by as much as $50 billion per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal. Continue reading →

Redfin says it’s fixing regulatory issue with agent-free service

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Both Redfin and the Massachusetts Board indicated that they are working together to resolve the disclosure issue. Continue reading →

Redfin’s new agent-free service hits regulatory snag

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Redfin Direct, a pilot program that allows consumers to make direct offers on homes listed by real estate brokerage Redfin online without being represented by a buyer’s agent, is violating a regulation regarding agency disclosure, according to a Massac… Continue reading →

Brokerage accused of forging documents in dual agency lawsuit

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Clients are accusing top New York brokerage Houlihan Lawrence of forging disclosure forms in the firm’s effort to have their dual agency lawsuit dismissed. In a lawsuit first filed in July and amended in October, four buyer and seller plaintiffs … Continue reading →