#litigation-settlement

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SFGATE
2 months ago
SF real estate

No more default commissions? No sweat, says one luxury real estate agent

The proposed settlement may eliminate the default 6 percent sales commission, potentially lowering costs for buyers.
Real estate agents will have to adjust their business strategies and prove value to clients in a more competitive market. [ more ]
Boston Condos For Sale Ford Realty
2 months ago
Boston food

Boston Condo Brokers The Nail In The Coffin On The 6% Commission Boston Condos For Sale Ford Realty

NAR to pay $418 million in damages and repeal commission-sharing policy.
Claims from homesellers can drive changes in broker payment structures. [ more ]
therealdeal.com
5 months ago
LA real estate

Shekhter's WS Communities Defaults on Hankey Capital Loan

WS Communities, a landlord in Santa Monica, has defaulted on a $5.35 million loan from Hankey Capital tied to a parcel of land.
The default comes after WS Communities settled litigation with the city over various issues, including tenant harassment allegations. [ more ]
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