A federal court in Maine has ruled that a real estate broker could collect a commission if a jury concludes that a seller prevented the closing of the transaction after the broker had obtained a ready, willing, and able buyer.
A federal appellate court has supported a U.S. Department of Housing and Urban Development statement of policy that markups on loan-related services provided by third parties are illegal unless additional settlement services are provided.
Minnesota’s highest court has decided that if a brokerage was the procuring cause of a transaction, the broker is entitled to a commission even though the sale came after the listing agreement had been terminated.
An Ohio appellate court has ruled that sellers and their sales associates who were both unaware of the presence of lead-based paint in a home weren’t liable for negligence in failing to tell buyers about the paint.
A North Carolina appellate court has determined that because two commercial licensees had a business agreement on a commission split, whether or not one of the brokers was a procuring cause in the sale was not the deciding factor on whether he should receive a commission.
A federal court ruling that administrative assistants working for a solo practitioner lawyer were employees instead of independent contractors may raise a possible tax issue for many real estate practitioners who use assistants.