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Author: OPLawSocialMedia

Proposed Real Estate Settlement: Changing the Rules in Residential Purchases

Mon Mar 18, 2024 by on News

Proposed Real Estate Settlement: Changing the Rules in Residential Purchases

Late last week, the National Association of Realtors  (“NAR”) reached a $418 million nationwide settlement of claims, pending approval by a federal court, that the industry conspired to keep agent commissions higher.  As we discussed in a recent blog, the NAR had been faced with a jury verdict of $1.8 billion in damages, finding that industry rules for how buyer’s […]

The Great Housing Compression

Wed Mar 13, 2024 by on News

The Great Housing Compression

There is a different type of housing that is becoming increasingly popular in the United States: small houses. In fact, colonies of homes, approximately 350 to 600 square feet, and even smaller being built. Why? For many who decide to purchase these homes, it is an alternative to simply renting. In fact, these small homes are a means for many […]

Constitutional Challenges To The Corporate Transparency Act

Wed Mar 6, 2024 by on News

Constitutional Challenges To The Corporate Transparency Act

UPDATE:  On March 11, 2024, the U.S. Justice Department, on behalf of the Department of Treasury filed a Notice of Appeal in response to the Alabama District Court decision declaring the Corporate Transparency Act unconstitutional. After the filing, FinCEN  set forth the following statement: While this litigation is ongoing, FinCEN will continue to implement the Corporate Transparency Act as required by Congress, […]

Buyer Fees for Real Estate Commissions: New Opportunities for Realtors®

Mon Feb 26, 2024 by on News

Buyer Fees for Real Estate Commissions: New Opportunities for Realtors®

In the aftermath of the recent Federal Court ruling that held the National Association of Realtors and large residential brokerages liable for approximately $1.8 billion in damages after finding that they conspired to keep residential commissions artificially high, questions as to how, moving forward, commissions for buyer and seller Realtors will be structured remain. Currently, sellers pay their Realtor’s commission, […]