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Fannie, Freddie Subpoenaed in Commission Lawsuit

February 18, 2020

Plaintiffs in an antitrust lawsuit that could shake up the real estate industry have subpoenaed mortgage giants Fannie Mae and Freddie Mac, sharpening scrutiny of real estate commissions nationwide. The subpoenas were issued by the smaller of two bombshell commission lawsuits filed against the National Association of Realtors and real estate franchisors Realogy, Keller Williams, RE/MAX, HomeServices […]

Filed Under: At A Glance, Government Affairs Tagged With: #CVARmembers, commission, CoreLogic, cvarconnect, Department of Justice, Fannie Mae, Freddie Mac, lawsuit, NAR, Sitzer, subpoena

Taxes Tip #2: Should You Form an SCorp or LLC?

October 22, 2018

CPA Peter Baker, a principal of Business Planning Group in Washington, D.C., a firm that specializes in real estate agents and brokers, answers questions about 2018 taxes for real estate professionals and how they are effected by the new tax plan. (See Tip #1)    Tax Tip #2: Most real estate professionals are sales associates […]

Filed Under: At A Glance, Government Affairs, Industry News Tagged With: commission, CPA Peter Baker, estimated quarterly tax, interest, IRS, penalty, REALTOR®Mag, tax plan, taxes 2018

Is AI Your Newest Competition?

April 23, 2018

The latest “competition” that may have REALTORS® concerned is artificial intelligence (AI). Last week C.A.R.’s Center for California Real Estate convened a panel of real estate’s heavy hitters to explore how the real estate industry can adopt and embrace artificial intelligence. Moderated by C.A.R. CEO Joel Singer, the panelists discussed the challenges and opportunities that […]

Filed Under: At A Glance, Industry News, Technology Tagged With: AI, Artificial Intelligence, commission, CVAR, CVAR at a Glance, CVAR Connect, cvar.net, cvarconnect.com, Digital agents, technoloygy

The Law: All Sellers Must Sign Listing Agreement

May 8, 2017

To collect a commission for selling real estate, the statute of frauds requires the agreement to be in writing and signed by the party to be charged.  This means that any seller who has not signed the listing would not be liable to pay a commission. But what if one seller represents that he or […]

Filed Under: At A Glance, Government Affairs, Pro Tips Tagged With: agent, Broker, commission, Court of Appeal, Jacobs v. Locatelli, Listing Agreement, signed agreement, Sixth Appellate District

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