RAC Town Hall - February 27
Broker Buyer Compensation Lawsuits & Legislation on Foreign Entities buying American Land
Broker compensation concerns have recently garnered attention, with multiple states implementing effective measures. This poses challenges in the home-selling process, impacting negotiations and determining who bears the burden of commissions. It is crucial to stay informed about state legislation and its implications for property sales, considering how appraisers will assess concessions.
Notably, there is a growing trend of foreign entities acquiring land in the United States, particularly in proximity to military bases. Some states, including Texas and Indiana, are actively passing legislation to curb these sales. Join us as we delve into these pressing issues, explore their potential impact on the real estate market, and discuss ways to support and engage with the evolving legislation. Let's collectively educate ourselves on navigating these changes and advocate for measures that align with our community's interests.
Jay N. Hershman, SCRP concentrates his practice in the areas of real estate and relocation law, including compliance and corporate and business organization. He also holds the designation of Senior Certified Relocation Professional from the Worldwide Employee Relocation Council (WERC).
He is a member of the Connecticut, Massachusetts and District of Columbia Bars, and is admitted to practice before the U.S. District Court in the District of Connecticut. He also holds a Massachusetts real estate broker license.
Jay is the past Chair of the WERC North American Real Estate and Mortgage Forum and has been a member of the Forum since its inception. He has served as a speaker at numerous events and training sessions throughout the United States discussing real estate and relocation.
In 1998 he received a B.A. from Bryant University. He received a J.D. from Quinnipiac University School of Law in 2001. At the Quinnipiac University School of Law, Mr. Hershman was the Research Editor of the Quinnipiac Probate Law Journal, and he authored “Erickson v. Erickson: Extrinsic Evidence in Probate Matters”, Quinn. Prob. Law Jour. 143 (2001).
Tuesday, February 27, 2:00pm ET
Click on the link below to view the video file.
Zoom Link: https://drive.google.com/file/d/1Lm0YUW4r0ERNfdWyCzRHkr6XqY-EfIwf/view?usp=sharing
This town hall has been approved for 1-hour of CRP credit.
The Town Hall series is done in partnership with OERP Insurance and their sponsorship.
