Federal

Compass Suing NWMLS in Federal Court Over Antitrust Violations

In yet another legal development within the residential real estate industry, Compass on April 25 filed a federal antitrust lawsuit in U.S. District Court in Seattle over Northwest MLS’s (NWMLS) Clear Cooperation Policy (CCP), claiming that the brokerage-owned trade group has the most restrictive homeowner marketing rules in the country.  The lawsuit was telegraphed previously… […]

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Federal Judge Orders Halt of CFPB Layoffs Friday After Bureau Fires 80% of Staff, Reduces Enforcement Priorities

A federal judge has stepped in again to stop President Trump’s administration from firing more than 80% of Consumer Financial Protection Bureau (CFPB) employees after the agency announced a drastic reduction to its mission and scope of work. Earlier this week, the bureau rescinded all existing enforcement and supervision priority documents to concentrate resources on… […]

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NAR Chief Economist Says Commercial Real Estate Will Revitalize, Calls on Federal Reserve to Consider Cutting Interest Rates

There’s tremendous difficulty in the commercial real estate market, with higher interest rates hindering borrowing and making refinancing costly. www.nar.realtor – Research

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Federal Government Moving Forward With New Waters Protection Rule

On Nov. 18, 2021, the U.S. Army Corps of Engineers and U.S. Environmental Protection Agency (EPA) announced a proposal to withdraw President Trump’s Navigable Waters Protection Rule (NWPR) and put in place regulatory guidance that had been in effect before the Obama administration implemented its controversial Waters of the United States (WOTUS) rule in 2015. […]

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