The alleged conspirators are accused of using the victims’ identities to secure millions in hard money loans using residential property as collateral.
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The cuts come amid a broader wave of consolidation across the real estate industry, with several other firms also cutting staff in recent months.
The Agency’s president shared her thoughts with Inman on current events and the spring market, and expressed a hope that the industry will find its ethical center as it continues to change in the future.
American Real Estate Association co-founder Jason Haber writes that the trade group articulated a vision for how listings should work, which is now becoming industry practice.