Settlements announced in federal 8K filings on the eve of impending October trial dates for two of the major broker commission lawsuits in Sitzer/Burnett (Missouri) and Moehrl (Illinois).
Second Shoe Drops. Remax settles for $55 Million. The case is centered around the NAR Model MLS rules requiring an offer of compensation to be
Gratuitous Agent An agent who receives no compensation for services. Real estate agents typically work on a payment basis contingent on selling a property. Even
U.S. 30-year mortgage rates averaged 6.84% in the month of July 2023, the highest monthly average since October of 2022.
Key takeaways: The median purchase rate rose 1/8 ppts. over the past week to 7 1/4%, setting a new series record. Mortgage News Daily reported
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