Fannie Mae and Freddie Mac have confirmed that buyers whose agents are compensated by the seller will still have access to financing through these institutions. This assurance comes as long as it remains "customary" for sellers to pay commissions, which will not be included in the interest party contributions (IPC) or subject to IPC caps.
The National Association of Realtors (NAR) has updated its FAQ to provide more information on written buyer agreements, as part of a settlement requiring MLS participants working with buyers to enter into such agreements before touring homes. This update aims to clarify the practice changes that will soon be implemented.
Today, Judge Bough granted preliminary approval for a settlement agreement related to the Sitzer-Burnett case and other similar actions. This decision temporarily prevents settlement class members from filing complaints or pursuing claims concerning broker commissions against the National Association of Realtors (NAR) or other parties included in the settlement.
Members of the REALTOR® Alliance of Greater Cincinnati are being encouraged to participate in a new survey aimed at assessing the City of Cincinnati's processes related to real estate. The initiative seeks feedback on various aspects, including permitting procedures, as part of efforts to streamline and improve these systems.
Recent discussions about the National Association of REALTORS (NAR) settlement agreement have raised questions regarding its impact on commercial real estate transactions. However, it is important to clarify that the agreement primarily concerns residential real estate.
Katie Johnson, the Chief Legal Officer and Chief Member Experience Officer of the National Association of Realtors (NAR), addressed state and local association executives following a recent decision by the United States Court of Appeals for the District of Columbia Circuit. The court ruled that the Department of Justice's (DOJ) 2020 settlement with NAR does not prevent it from reopening its investigation into NAR’s policies, such as the cooperative compensation rule and clear cooperation policy.
NAR President recently joined Real Estate Insiders Unfiltered to talk about the future of NAR and a newly announced settlement agreement. The episode has been published, and listeners are encouraged to tune in.
The REALTOR Alliance of Greater Cincinnati (RAGC) is highlighting the contributions of its Affiliate members, with a focus this month on Patti McClister. Her involvement with RAGC showcases her dedication and commitment to the real estate community.
The Judicial Panel on Multidistrict Litigation (JPML) has decided against centralizing class action lawsuits involving the National Association of Realtors (NAR). The panel cited a settlement agreement reached by NAR with plaintiffs on March 15 as a factor that could resolve many of the claims in the ongoing cases.
The real estate market in Hamilton, Butler, Warren, and Clermont counties showed significant trends in March 2024. According to data from Cincy MLS analyzed by Domus Analytics®, there was a notable increase in home sales and prices compared to the previous month.
The Real Estate Community Build is set to take place from June 5 to June 28 in the City of Lockland. This initiative aims to bring together real estate professionals and businesses to construct a Habitat for Humanity home, focusing on affordable housing solutions for families earning between 30% and 80% of the area's median income.
There were 123 professional licenses issued in Hamilton County in the week ending Feb. 10, 2024 in Ohio, according to the eLicense Ohio Professional Licensure System.
There are 465 professional licenses expiring in Hamilton County in the week ending April 6 in Ohio, according to the eLicense Ohio Professional Licensure System.
The only price of regular gas in cities throughout Hamilton County was found at a single gas station in the week ending Mar. 23, according to GasBuddy.com.
There were 44 companies in cities associated with Hamilton County that received 47 FDA inspections in 2023, according to the U.S. Food and Drug Association.
There were three companies in cities associated with Butler County that received three FDA inspections in 2023, according to the U.S. Food and Drug Association.