In a significant development in the mortgage industry, the lawsuits involving the March and Friedman commissions have been put on hold pending a ruling by Judge Stephen Bough on the National Association of Realtors’ (NAR) settlement agreement. This decision has sparked widespread interest and speculation among industry insiders and observers.
Key elements of this development include:
– Lawsuits filed against the March and Friedman commissions have been stayed
– Judge Stephen Bough will determine the outcome based on NAR’s settlement agreement
– Industry stakeholders are eagerly awaiting the judge’s ruling for further clarification and guidance
The outcome of Judge Bough’s decision will undoubtedly have far-reaching implications for the mortgage industry, potentially setting a precedent for future legal proceedings and industry practices. As stakeholders await the ruling, the industry remains on edge, anticipating the potential impact on commission structures and practices moving forward.
You can read this full article at: https://www.housingwire.com/articles/court-stays-two-new-york-based-commission-lawsuits/(subscription required)
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