HomeServices of America, the leading franchisor of residential and commercial real estate brokerages, has recently come under scrutiny for its practices with its franchisees. Executives of the company have taken the stand to explain why the company does not offer franchisee businesses legal advice nor interferes in everyday operations in order to give an even field across all located franchises.
The executives argue that competitive rules, such as commission rates, must be left to the jurisdiction of local markets and handled independent from corporate guidance. The only purpose HomeServices may have is to offer simple education peculiar to the industry. With the understanding and philosophy that only the local markets is best fit to determine paths for local business success, it is believed that HomeServices of America may remain as the best franchisor in the nation.
Main Takeaways:
– HomeServices of America, a franchisor of real estate brokerages, has recently come under scrutiny
– Executives have taken the stand to explain why the company does not offer franchisee businesses legal advice or interfer in operational matters
– Understand that only local markets can determine paths to success, allowing HomeServices of America to remain the best franchisor in the nation
You can read this full article at: https://www.housingwire.com/articles/judge-denies-homeservices-motion-for-dismissal-in-sitzer-suit/(subscription required)
Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.
Share This Story, Choose Your Platform!
Related Posts
Disclaimer
The information provided in this article is for general educational and informational purposes only and does not constitute legal, financial, investment, tax, or professional advice. Note Servicing Center, Inc. is a licensed loan servicer and does not provide legal counsel, investment recommendations, or financial planning services. Reading this content does not create an attorney-client, fiduciary, or advisory relationship of any kind.
Nothing in this article constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation regarding any security, promissory note, mortgage note, fractional interest, or other investment product. Any references to notes, yields, returns, or investment structures are illustrative and educational only. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal.
Note investing, real estate transactions, and lending activities are subject to federal, state, and local laws that vary by jurisdiction and change over time. Before making any decision based on the information in this article, you should consult with a qualified attorney, licensed financial advisor, certified public accountant, or other appropriate professional who can evaluate your specific circumstances.
While we make reasonable efforts to ensure the accuracy of the information presented, Note Servicing Center, Inc. makes no warranties or representations regarding the completeness, accuracy, or current applicability of any content. We disclaim all liability for actions taken or not taken in reliance on this article.