Another Brokers Worst Nightmare: Home Warranty Company Kickbacks May Violate RESPA

On Nov. 23, HUD General Counsel Helen Kanovsky announced HUD’s response to public comments regarding HUD’s interpretive rule directed to home warranty companies (HWC) and real estate brokers and agents. HUD’s response reiterates the Department’s unequivocal position that when HWC’s pay real estate brokers or agents for work performed on behalf of the HWC, and [...]

Is TransactionPoint a Broker’s Worst Nightmare: Part II

We just learned that Terry Tucker, an executive with Keller Williams Realty in Danville, CA sent an email to potential vendors alerting that the vendors would need to pay or their services may not be used. His office is transitioning to TransactionPoint and the only vendors that will be named as preferred providers are those [...]

Reader Mail

Thanks for all the comments! We got some really good responses. Here is a sample of a few: RB said (In reference to FATCO): Oh yes, and they closed our office completely with one days notice. Eight employees and families on the street. They acted like no big deal, sorry! Well now I take time [...]

Where Have all the Home Buyers Gone?

It’s been a rotten fall season for home sales in California. Where have all the home buyers gone? Where have all your clients gone? Yes, the pundits seem to offer loads of reasons why sales are down. But no one is talking about the obvious. People without jobs can’t buy homes. Have you asked yourself, [...]