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Illegal immigrant involved in suspected DUI crash that claimed life of realtor

A Georgia real estate agent has died in an apparent drunk-driving accident. An undocumented minor from Honduras allegedly ran a red light at 160 mph and hit a driver. Police in Chamblee, Ga., say around 1:30 a.m. Sunday, 20-year-old Christian Fernando Elias Ruiz ran a red light at 160 mph, T-boned another car and killed […]

Man who sold his $79M Miami mansion to Jeff Bezos sues realtor

The man who sold Jeff Bezos a $79 million Miami Beach mansion is reportedly suing the real estate agent who handled the deal, alleging that the agent concealed the fact that the Amazon founder was the buyer of the 2.8-acre home, potentially costing Bezos as much as $6 million. Leo Cris, co-founder of Brazilian toy […]

Realtor settlement could bring ‘seismic shift’ to housing market

A major settlement reached Friday between the National Association of Realtors (NAR) and home sellers could bring significant changes to the real estate industry. The impact of the $418 million settlement on the U.S. housing market is not yet clear. Still, the NAR’s agreement, which eliminates long-standing rules governing brokerage fees, will reduce a significant […]

Realtor commissions set to drop

NAR announced Friday that the powerful real estate agent group has agreed to pay an amount to settle several lawsuits from home sellers. Home sellers had argued that NAR’s fee rules forced them to pay. excessive feesaccording to the New York Times. “NAR has worked for many years to resolve this litigation in a manner […]

Realtor group agrees to slash commissions in major $418M settlement

The National Association of Realtors (NAR) will eliminate its standard 5% to 6% sales commission as part of a $418 million settlement with home sellers. The powerful real estate organization announced in a press release that it has agreed to pay $418 million in damages to resolve several lawsuits from home sellers. The lawsuit alleged […]