News

News Tags

Kentucky REALTOR® News

Brokerage settles title steering allegations

Jul 16, 2014

Alabama’s biggest real estate brokerage, RealtySouth, has agreed to pay a $500,000 civil penalty to settle allegations that it “strongly encouraged” and in some cases required agents to use its affiliated title insurance and closing services provider, without adequately disclosing to consumers that they had a right to shop around for those and other settlement services.

In agreeing to pay the fine, RealtySouth neither admitted nor denied allegations detailed in a consent order issued by the Consumer Financial Protection Bureau. Read More

Comment

  1.    
     
     
      
       

Contact KAR

859.263.7377 (local)
800.264.2185 (toll free)
859.263.7565 (fax)

161 Prosperous Place, Suite 100
Lexington, KY 40509