“Decoupling” Buyer Broker Compensation: The National Association of Realtors Settlement

News |May 1, 2024|2 min read
The National Association of Realtors (NAR) recently entered a settlement resolving multiple Federal lawsuits challenging long-standing business practices and agent compensation. The crux of the dispute was the present requirement that listing agents or sellers make offers of buyer broker compensation a requirement of using the Multiple Listing Service (MLS). The plaintiffs alleged this resulted ... READ MORE

Business Update: Corporate Transparency Act

News |Mar 27, 2024|5 min read
Effective as of January 1, 2024, the Corporate Transparency Act (“CTA”) requires a wide range of business entities to provide personal information about their owners and managers to the Financial Crimes Enforcement Network (“FinCEN”). Enacted by Congress to promote transparency and combat financial crimes, the CTA requires certain legal entities (“Reporting Companies”) to report information ... READ MORE