Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling “contracts with oppressive terms.” Continue reading

MV Realty loses Colorado license in latest setback over contracts

The Colorado Division of Real Estate announced the move Monday, days after the beleaguered brokerage suffered a legal blow in California over 40-year contracts described as “predatory.” Continue reading

MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

Kentucky, W. Virginia move to ban exclusive, right-to-list agreements

New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices. Continue reading

Brokerage firm MV Realty has been barred from North Carolina

MV Realty was under scrutiny for deceiving homeowners in financial distress into signing exclusive listing agreements that lasted 40 years in exchange for cash. Continue reading

Lions and tigers and bears, oh my: The Download

This week: There are some bad actors out there. It’s up to you to protect yourself and your clients from fraudsters, scammers and cybercriminals. Continue reading

NAR raises alarm on floor plan use, vacant lot scams, ‘unfair’ contracts

Charlie Lee, the National Association of Realtors’ senior counsel, spoke on legal issues impacting agents at the MLS Association Executives Session at the Realtors Legislative Meetings on Sunday. Continue reading

Massachusetts orders halt to MV Realty’s 40-year listing contracts

Preliminary injunction in Massachusetts says “homeowner benefit agreements” are actually high-interest mortgage loans and can no longer be offered or enforced until case is resolved. Continue reading