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Brokerage soil settled.


The parent of Coldwell Banker Residential Brokerage Co. has settled a lawsuit over a $250 fee that its home buyers paid as part of their transactions.

Buyers who purchased residential property in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  County and six other Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region,  counties between Oct. 16, 1998 and July 21, 2006 and paid a "transaction coordinator or a "documentation compliance" fee are entitled to $200 as part of the settlement. Coldwell Banker has agreed to stop charging the fee, and mailers announcing the settlement have been sent to past clients.

Rajeev P. Shrestha filed the suit against Coldwell Banker and its parent, NRT NRT Nicotine Replacement Therapy
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 Inc. in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  County Superior Court. Shrestha alleged that Coldwell Banker "engaged in unfair business practices and breached their fiduciary duties" by charging the fee. Coldwell Banker denied the claims.

Staff reporter Daniel Miller People called Daniel Miller include:
  • Daniel Miller (footballer) footballer for London Stonewall Lions
  • Daniel Miller (anthropologist) (born 1954), anthropologist at University College London
 can be reached at (323) 549-5225, ext 263, or at dmiller@labusinessjournal.com. Staff reporter Deborah Crowe contributed to this column.
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Title Annotation:REAL ESTATE; Coldwell Banker Residential Brokerage Co.
Comment:Brokerage soil settled.(REAL ESTATE)(Coldwell Banker Residential Brokerage Co.)
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1USA
Date:Aug 21, 2006
Words:157
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