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August 05.2025

2 Minutes Read

Homebuyers Sue Raleigh Realty for Alleged Lender Steering Practices

Scales of justice on gavel symbolize lawsuit against brokerage practices

Understanding the Allegations Against Raleigh Realty and CrossCountry Mortgage

The recent legal actions against Raleigh Realty and CrossCountry Mortgage highlight a troubling pay-to-play scheme that allegedly violates the Real Estate Settlement Procedures Act (RESPA). In six lawsuits, dissatisfied homebuyers claim they were steered to a specific lender, resulting in higher loan costs rather than benefiting from competitive market rates.

How Co-Marketing Agreements Can Breach Trust

At the center of these allegations is a 2021 co-marketing agreement designed to facilitate a supposed partnership between the two companies. Raleigh Realty was to provide digital marketing services, while CrossCountry Mortgage was expected to share costs. However, detractors argue that the true intention of this arrangement was to ensure agents directed all their business exclusively to CrossCountry Mortgage, limiting consumer choices and potentially inflating loan costs.

The Impacts of Illegal Kickbacks on Homebuyers

The lawsuits reveal a concerning dependency on kickbacks that often compromises consumer interests. Many homebuyers are left paying inflated interest rates and fees, preparing to advocate for their right to choose. This situation underlines the need for transparency in real estate transactions and the potential implications when firms prioritize profits over client welfare.

What This Means for Homebuyers and the Industry

As these lawsuits unfold, they serve as a crucial reminder for homebuyers. Individuals and families entering the housing market must remain vigilant and informed about who they are working with and how lenders are chosen. This case could pave the way for greater scrutiny of brokerage practices, pushing for regulatory changes that protect consumers from unscrupulous practices.

What’s Next? Watch This Space

The outcome of this legal battle could have far-reaching consequences. As the court system evaluates these claims, homebuyers and industry players alike should pay close attention. It could signal significant changes in how real estate transactions are conducted and the policies that govern them.

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Homebuyers Sue Raleigh Realty for Alleged Lender Steering Practices

Understanding the Allegations Against Raleigh Realty and CrossCountry Mortgage

How Co-Marketing Agreements Can Breach Trust

The Impacts of Illegal Kickbacks on Homebuyers

What This Means for Homebuyers and the Industry

What’s Next? Watch This Space

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