• Federal Commission Suit Now A Class Action; NAR, Realogy Vow To Appeal
    Real Estate

    Federal Commission Suit Now A Class Action; NAR, Realogy Vow To Appeal

    In a major blow to the National Association of Realtors and major real estate franchisors, hundreds of thousands of homesellers can ask to be reimbursed for more than $1 billion in commissions they paid to buyer agents in the past eight years as a result of a federal court ruling on Friday. The National Association of Realtors and real estate holding company Realogy on Monday both signaled plans to appeal the ruling. Just days after hearing oral arguments, Judge Stephen R. Bough of the U.S. District Court in Western Missouri granted class certification in one of two federal commissions lawsuits that could rock the real estate industry and impact how agents…

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  • Two RI men get federal prison for bilking Attleboro area, RI home improvement stores | Local News
    Home Improvement

    Two RI men get federal prison for bilking Attleboro area, RI home improvement stores | Local News

    Two Providence men have been sentenced to federal prison for their role in bilking home improvement stores in Attleboro, North Attleboro, Mansfield, Seekonk and Rhode Island out of more than $160,000. Jose Brens, 40, was sentenced in U.S. District Court in Providence to 15 months in prison and ordered to pay $140,578 in restitution, the Rhode Island U.S. attorney’s office said Thursday. Jose R. Delarosa, 45, was sentenced to one year and ordered to pay $20,141 in restitution. Brens pleaded guilty on Dec. 13 to conspiracy to commit access device fraud and six counts of access device fraud. Delarosa pleaded guilty on Dec.16 to conspiracy to commit access device fraud…

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