Hyderabad: Members of B&G All Colonies Association, consisting of a federation and residents from several colonies in Bairagiguda and Gandhamguda, Rajendranagar constituency, complained to revenue officials, the municipal commissioner and the local MLA after a major road connecting Narsingi with Bairagiguda was closed at the behest of a real estate firm.

They complained that because of the illegal road closure, they were now forced to take an alternative route, which is around eight km, while the actual stretch is only one km.

“In addition to 250 colonies in our association, around 120 colonies in Hydershakote are also with us. Over

The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ long-standing commissions, commonly of up to 6% of the purchase price.

Instead, home buyers and sellers would be able to negotiate fees with their agents upfront. If the $418 million legal agreement is approved by a federal court, consumer advocates predict the ranks of real estate agents will be thin, further driving down commission prices.

“For years, anti-competitive rules in the real estate industry have financially harmed millions,” said Benjamin Brown, managing partner at the Cohen Milstein law firm and one of the

The way homes are bought and sold in the Dallas-Fort Worth metroplex may change if a $418 million settlement reached by the powerful National Association of Realtors last week holds up.

The settlement changes several rules that lawsuits allege forced sellers to pay artificially inflated prices to sell their homes. It could mean the end of the 6% commission. The agreement must be approved by a federal judge.

The NAR will no longer require a broker advertising a home on the Multiple Listing Service to list or offer any upfront compensation to a buyer’s agent. Offers of compensation can be

KANSAS CITY, Mo. — The National Association of Realtors announced Friday the association would agree, if approved, to a settlement that would eliminate the 6% standard commission for agents.

In November, KSHB 41 reported on the class action lawsuit filed by attorney in Kansas City that involved 500,000 home sellers across Missouri, Kansas and Illinois.

The new settlement totals $418 million but awaits final approval by a judge.

When KSHB’s Abby Dodge called 10 realtors Monday afternoon, none agreed to discuss the settlement.

Some said they did not want to comment on pending litigation, while others wanted to see how

The National Association of Realtors (NAR) will eliminate rules that fostered a standard 5 percent to 6 percent sales commission as part of a $418 million settlement with home sellers.

The powerful realtors organization agreed to pay $418 million in damages to settle several lawsuits from home sellers, it was announced in a press release. The lawsuit alleged that the association’s commission rules forced home sellers to pay excessive fees, according to The New York Times.

“NAR has worked hard for years to resolve this litigation in a manner that benefits our members and American consumers,” Nykia Wright, the NAR’s

A realtor, who was fined $28,000 for misconduct, is pointing a finger at a lawyer in the case for her role in an “unjust and unfair conclusion” based on “weak and problematic evidence.”

Vicky Wang, a Vancouver realtor, filed a claim for $1.5 million in damages against BC Financial Services Authority’s (BCFSA) senior legal counsel Catherine Davies in BC Supreme Court in Vancouver last June.

Wang, who is self-represented, claimed in her lawsuit she was “bullied and discriminated against by the

After holding in her real estate license in 2020 amid a misconduct investigation, Gobinder Kaur (Gina) Takhar has now had it officially canceled following an agreement with the BC Financial Services Authority, which also includes a $55,000 fine.

Takhar was found to have committed professional misconduct by failing to disclose the nature of her representation to assignees seeking to purchase two properties in Chilliwack, in 2017.

Between 2010 and 2020, Takhar was licensed as a trading representative with Global Force

The long tradition of home sellers footing the commissions of their buyers’ real estate agents may soon be a thing of the past.

A recent multibillion-dollar class-action verdict in Missouri found that the National Association of Realtors (NAR) along with some of the largest real estate brokerage firms in the country violated antitrust laws by conspiring to inflate and keep sales commissions artificially high. The NAR and other brokerages face a slew of new and older lawsuits that have similar claims.

Already, the suits have ushered in some changes to agreements sellers sign with their real estate agents that set