administrative brokerage fees colorado Archives

Supreme Court Rules: Section 8 Doesn’t Regulate Fee Amounts

August 24, 2015June 1, 2012 by Jon Goodman

The United States Supreme Court just made it easier for real estate brokers to charge flat fees and generally test the market with different fees structures. In a unanimous decision in the case of Freeman v. Quicken Loans, Inc., No. 10-1042, slip op. at 1 (May 24, 2012), the U.S. Supreme Court confirmed that … Continue Reading

Trial Court Purports to Regulate Brokerage Compensation under RESPA

June 13, 2018November 1, 2011 by Jon Goodman

Co-Author: Peter G. Sotiropoulos In Augenstein v. Coldwell Banker Real Estate LLC, decided on August 30, 2011, a federal district court held that a brokerage firm violated Section 8(b) of the Real Estate Settlement Procedures Act of 1974 (“RESPA”) by charging a client $199 plus three percent of the purchase price for sale and settlement services. … Continue Reading