AAREA NEWSLETTER

 

Valued Members,

I’m thrilled to connect with all of you through our first official newsletter. This marks the beginning of an exciting journey for our organization—a journey fueled by innovation, collaboration, and a shared vision for the future.

Starting a new organization is no small feat, but together, we've already begun to lay a strong foundation. Every milestone we’ve achieved so far is a testament to your hard work, dedication, and belief in what we’re building.

As we continue to grow, it’s important that we stay connected not only with each other but with the values that brought us here. Education and support will continue to be our guiding principles.

We are at the start of something special. We are building a community of likeminded attorneys who challenge and support each other, and help each other grow, while building a strong reputation for the profession.

Thank you for your commitment and enthusiasm. I look forward to growing with you and seeing all that we will achieve together.

 

- Lauren Cadilac, JD, MBA, LLM -

CEO

American Association of Real Estate Attorneys

 

For more information make sure click the RSVP Button 

 

A wave of legal settlements is sweeping the real estate industry, with major brokerages, including The Keyes Company in Florida, reaching agreements in ongoing lawsuits over buyer agent commissions. These cases, including the landmark Sitzer/Burnett trial, allege that sellers were unfairly charged commissions for both buyer and seller agents. The cumulative settlement fund across multiple lawsuits now approaches $1 billion, with final approval hearings for some of the largest settlements expected by late 2024​  (RealEstateNews.com).

 

In a related move, the National Association of Realtors (NAR) has introduced significant updates to its rules for MLS platforms and agent-buyer agreements. As of August 2024, MLSs are prohibited from listing offers of compensation to buyer agents, and agents are required to sign written agreements with buyers when providing certain services like showings. These changes aim to increase transparency and compliance in real estate transactions, with further refinements expected as the new regulations are implemented across the U.S.​(RealEstateNews.com).

 

 

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AAREA has also partnered with Modern Woodmen!

- Life Insurance, Retirement Plans and Investment Products -

To learn more about what Modern Woodmen can offer you schedule a call with them by clicking their logo!