Less than two weeks after the U.S. Department of Justice pulled out of a proposed settlement with the National Association of REALTORS® (NAR) to broaden its investigation into the trade group’s rules, the agency has provided a big clue as to one of the rules it will be digging into: the Clear Cooperation Policy. In […]
Shocker: DOJ Drops NAR Deal
The U.S. Department of Justice (DOJ) announced on Thursday that it is pulling out of a proposed settlement with the National Association of REALTORS® (NAR) to broaden its investigation into the trade group’s rules. “The proposed settlement will not sufficiently protect the Antitrust Division’s ability to pursue future claims against NAR,” said Acting Assistant Attorney […]
Cold Calls in Real Estate Challenged in CA Court
The common industry practice of cold calling prospects to find new business is being challenged in a class-action complaint filed in a U.S. District Court in California. Jorge Valdes from Tustin has filed a complaint against Coldwell Banker Real Estate and NRT asking the court to stop the companies from directing its real estate professionals to […]
Change May Give Millions Credit-Score Boost
As of July 1 the three largest credit-reporting agencies began cleaning up credit reports, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to […]