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  • Fidelity Title Calls Off the LandAmerica Merger (83)
    • Rhonda Porter: I just received this from Flagstar reinstating the ban on LandAmerica affiliated title companies: “On Wednesday 11/26/08 LandAmerica’s...
    • Kary L. Krismer: I’m saying not all disclaimer terms hold up. If an agent is saying to use the services of X because there will be savings, and there are no...
    • Rhonda Porter: From a Windermere Affiliated Business Arrangement Disclosure: “…Neither your agent nor Windermere will be paid a referral fee for...
    • Rhonda Porter: Why not, Kary? Are you saying they won’t do the client any good or the agent (I’m not following you).
  • Is the housing market performing “as expected”? (104)
    • Kary L. Krismer: I think what Bernanke was doing was trying to avoid the mistakes of Ford/Carter where the Fed clamped down on (what I consider non-existent)...
    • ARDELL: I blame Bernanke for pretty much everything. His penchant for reversing Greenspan also reversed the Country. He didn’t want to put his finger in the dike...
    • Kary L. Krismer: Bernanke will be in place possibly through Obama’s first entire term, or at least most of it (unless I’m forgetting how long he’s...
    • ARDELL: I keep thinking how lucky Obama is going to be a few years from now, if he can take the credit for things getting better. He certainly won’t get the...
  • HUD Passes RESPA Reform, New GFE Coming in 2010 (47)
    • jeremy hickling: Yeah- turning over all direction of 3rd party service providers to borrowers might in many cases be like turning loose addicts in a pharmacy. They...
  • Q&A with the Banker Panel at the National Auctioneers Association (2)
    • Kary L. Krismer: Sniglet, bankers might not know that. Non-judicial foreclosure is so favorable to lenders that they probably don’t even typically look at the...

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Tag: DOJ

DOJ vs. NAR

The big news today, according to Inman, is that the Judge has ruled against the National Association of Realtor’s motion to dismiss the suit against them by the Department of Justice.
I don’t think this is a surprise. In fact, had the Judge ruled otherwise, it would have been a great disappointment. A [...]

Here’s a question only the Governor can answer

Why does the law say “a licensee who works with a BUYER represents that BUYER unless…”
Aren’t SELLER constituents deemed worthy of “equal protections under the law”? Why doesn’t the law say “consumer” generically, so that unrepresented sellers have the same protections, and not just a consumer when a BUYER? Why doesn’t it [...]

Day One - Realtor Mid-Year

I just attended my first meeting at the NAR Mid-Year. It was the MLS Association Executives Committee Meeting. There were three presenters to the group and I will provide some highlights of their presentations.
Laurie Janik, NAR General Counsel
Laurie indicated that claims against MLS under the NAR EO Insurance Policy have for the first time [...]

Russ on Listing Copyrights

RCG contributors have been all over Inman News lately…
Today Russ is giving his opinion on two papers recently released by MRIS (Washington DC MLS) that have to do with the copyrights that agents have on listings.
The general thrust of the reports are that real estate agents should assert the copyright on their listings: [...]

DOJ, Copyright and Real Estate Listings

I just noticed an interesting article published in the Inman News by RCG contributor, Russ Cofano, that provides an interesting perspective on the extent to which a listing broker can copyright a listing (requires a subscription after today).

In a recent news publication, attorney J.T. Westermeier, partner in the firm of DLA Piper Rudnick Gray [...]

DOJ-”opt-out” and a war with a “discounter”

A new Broker opens an office and has no listings yet. He goes to area brokers and asks if he can advertise their listings in his “window” to help get him started. Mostly they say yes. They are not trying to force out the competition and they are more than willing to [...]

DOJ suing NAR and the “opt out” clause

Galen: “As I understand it, the Justice Department is not challenging this sort of (NWMLS) setup.”
The reason NWMLS is not affected by the DOJ suit is because the DOJ is suing NAR. Most mls systems are owned by NAR and State Boards of Realtors. Ours is one of the few in the [...]