In the news
December 9-15, 2024
Law firm changes name
The Arkansas based regional law firm formerly known as Hosto & Buchan, PLLC has changed its name effective December 2, 2024 to Hosto/Cardis Law Firm. In doing so, the law firm acknowledges the important contributions of attorney Chuck Buchan. Though he left the firm several years ago to establish an adoption law practice (www.arkansasadoptionattorney.com), he has graciously remained available as needed to consult on matters and remains a valued friend of the firm.
The law firm also recognizes the many contributions of attorney Frank Cardis who joined the firm in 2018 and has served as its Managing Partner for the past two years. Frank graduated from Indiana University’s Robert H. McKinney School of Law in Indianapolis, Indiana and is licensed in multiple states. Additionally, Frank has attained an AV-preeminent rating from Martindale Hubble.
Effective December 2, 2024 the firm will be known and Hosto & Cardis, PLLC
The firm founded by Bryan Hosto will continue its current practice areas which include Creditor’s Rights and Debt Collection Matters, Business Representation, Real Estate, and General Litigation. The firm provides legal representation in six states which include Arkansas, Tennessee, Texas, Indiana, Kentucky, and Ohio.
Final approval of NAR settlement granted
The U.S. District Court for the Western District of Missouri granted final approval of the National Association of Realtors®’ proposed settlement agreement to resolve class action claims related to broker commissions. The Court heard from all parties as well as objectors and the Department of Justice. Once arguments concluded, the Court quickly ruled to grant final approval. The Court is expected to soon issue a formal written order.
The settlement secures a release of liability for more than 1.4 million NAR members, all state/territorial and local Realtor® associations, Realtor® Multiple Listing Services (MLSs), NAR’s affiliate organizations and all brokerages with an NAR member as principal that had a residential transaction volume in 2022 of $2 billion or below. The settlement also releases MLSs and brokerages that chose to opt-in to the agreement.
“This is an important moment for NAR members, home buyers and sellers, and the real estate industry,” said NAR President Kevin Sears, broker-associate of Sears Real Estate/Lamacchia Realty in Springfield, Massachusetts. “As consumer champions, NAR’s members have been working tirelessly to implement the practice changes required by the settlement and shepherd consumers through this period of transition. The principles of transparency, competition and choice are core to the settlement agreement and empower real estate professionals and consumers to negotiate the services and compensation that work for them.”
NAR CEO Nykia Wright said, “NAR is committed to empowering Realtors® to help home buyers and sellers successfully navigate what is often the most important financial transaction of their lives. Today and every day, NAR is focused on demonstrating the importance of agents who are Realtors® in the marketplace, creating a transparent and inclusive home buying and selling process, and advancing the right to real property for all.”
National Association of Realtors
