The proposed settlement with CMLS requires it to change those rules and prohibits it from adopting new rules that exclude real estate brokers from membership based on their business models or price structures.
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A crack in the wall?
2 posts • Page 1 of 1
A crack in the wall?
by Steve Owen on Tue May 12, 2009 9:46 am
http://nationalrealtynews.com/content/templates/standard.aspx?articleid=1981&zoneid=1
Did you ever feel like the world is a tuxedo and you're a pair of brown shoes? - George Gobel
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Steve Owen - Certified General
- Posts: 4690
- Joined: Tue Aug 14, 2007 12:26 pm
- Location: Joplin, Missouri
Re: A crack in the wall?
by Steve Owen on Tue May 12, 2009 10:19 am
Another crack in the wall...
http://newsgeni.us/out.php?title=Court_Rules_Against_Real_Estate_Junk_Fees
And, all this time they've been doing that thinking it was perfectly legal because no one could quote the exact text that made it illegal.
http://newsgeni.us/out.php?title=Court_Rules_Against_Real_Estate_Junk_Fees
In a decision late last month that is sending shudders through the realty brokerage industry, U.S. District Judge Virginia Emerson Hopkins in Birmingham, Ala., ruled that when a realty firm charges clients an “admin” fee, for which no specific settlement services are performed, the fee violates federal law.
And, all this time they've been doing that thinking it was perfectly legal because no one could quote the exact text that made it illegal.
Did you ever feel like the world is a tuxedo and you're a pair of brown shoes? - George Gobel
-
Steve Owen - Certified General
- Posts: 4690
- Joined: Tue Aug 14, 2007 12:26 pm
- Location: Joplin, Missouri
2 posts • Page 1 of 1
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