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The settlement reached by the National Association of Realtors (NAR) over real estate agent commissions could end up hurting an already beleaguered group: homebuyers.. The $418 million deal ...
Rhonda Burnett, the lead plaintiff, testified about her experience with a real estate agent from HomeServices of America subsidiary ReeceNichols. According to Burnett, the agent gave her a contract to sign with a commission rate of 6% already filled in, and she was told that the rate was non-negotiable. [12]
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
Last month, Keller Williams Realty, one of the nation’s largest real estate brokerages, agreed to pay $70 million and change some of of its agent guidelines to settle agent commission lawsuits.
William Willard Gibson Jr. (born in Amarillo, Texas, March 5, 1932) received a B.A. in government (Plan II) in 1954 and an LL.B with honors in 1956 from the University of Texas at Austin. During law school he was a member of the Order of the Coif and an editor of the Texas Law Review .
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
Originally set up as the Office of Regulatory Loan Commissioner in 1963, [4] the Office of Consumer Credit Commissioner (OCCC)’s current name was established when the Texas Credit Code was enacted in 1967. [5] The Texas Finance Commission oversees the OCCC, [6] and appoints the Consumer Credit Commissioner who serves at its will. [7]
Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.