The Court of Appeals of Texas ruled, affirming the trial court on a real estate brokerage who purchased a property for its own investment portfolio and sold it for a profit didn't breach its fiduciary duty to a client who also wanted the property.
The U.S. District Court for the Northern District of Illinois dismissed a long-running antitrust lawsuit against a group of brokerages, ruling they didn’t conspire to harm a discount brokerage in their market area.
The Supreme Court of Wyoming ruled that the owners of a sprawling Wyoming cattle ranch acted in bad faith by replacing their longstanding broker after he assembled a promising deal, and were wrong to deny him commission when the deal closed.
A brokerage whose trademarked logo involved a rectangular design with red, white, and blue horizontal stripes was ordered to cancel its use of the logo because it stood to be confused with the trademarked logo of RE/MAX International Inc.
An Iowa appellate court ruled that a broker is entitled to his commission in a failed short sale of a warehouse because the lender acted in bad faith by waiting until closing to demand a larger share of the proceeds.
The Idaho Supreme Court has ruled in favor of a real estate broker whose commissions totaling nearly $1 million were in jeopardy after a developer claimed that the listing agreements were invalid due to insufficient property descriptions.
A New Jersey court ruled that a seller, who had entered into an exclusive right-to-sell listing contract, doesn't have to pay the commission on a transaction that closed after a protection period on the agent's agreement expired.