A Missouri jury’s verdict in a commission fees case holds real estate firms accountable for $1.78 billion, bringing attention to industry practices on transparency and fair pricing in transactions.
Missouri Jury Finds Realtors Liable for $1.78 Billion in Commission Fees
A jury in Missouri has found several real estate firms liable for a total of $1.78 billion in damages, addressing alleged misconduct regarding commission fees. The ruling, emerging from a case that had scrutinized the practices of various realtors, marked a critical point for the real estate industry concerning transparency and fair pricing in transactions. While specific details of the misconduct were not disclosed, the substantial penalty underscores the gravity of the court’s findings.
Real Estate Guidance for Construction Loans in FDIC Receivership
Real estate developers with loans or credit lines under a lender going into FDIC receivership might face uncertainties regarding upcoming draws. It’s important for developers to understand that while the FDIC works to stabilize the financial situation, access to funds may be temporarily impacted, influencing project timelines and completion. Staying informed and consulting with financial and legal advisors is key to navigating these challenges.
Anita Famili Named a 2022 Real Estate and Construction Law Trailblazer
Anita Famili, leader of Manatt’s Real Estate Transactions and Finance and Cannabis and CBD practices, has been honored as a 2022 Real Estate and Construction Law Trailblazer by The National Law Journal. Her contributions to the field, particularly in transactions and finance, have been widely recognized, highlighting her innovative approach and leadership in the industry.
Manatt Expands Community Development Offerings
Manatt, Phelps & Phillips, LLP, known for its comprehensive legal services, announced the expansion of its impact investing and community development offerings through the inclusion of a new team in Washington, D.C. This move aims to bolster their capabilities in fostering sustainable community growth and development through strategic investments.
Definitions of AI Terms
Generative AI continues to evolve, and with it, the lexicon surrounding the technology grows. Understanding terms like “training and inference,” “small language models (SLMs),” “grounding,” and “retrieval augmented generation (RAG)” can provide clarity on how modern AI systems are developed and operate. These concepts highlight the processes behind AI learning, data interaction for accuracy, and the distinction between large, computationally intensive models and their more compact counterparts suitable for everyday applications.
