Suit Challenges Real Estate Co.'s 'Phony' Fee

Law360, New York (September 2, 2011, 6:32 PM EDT) -- Virginia-based Long & Foster Real Estate Inc. was hit with a class action in Pennsylvania federal court Friday accusing it of charging a “completely phony” broker service fee on top of the company's commission without providing any extra services.

The putative class action filed on behalf of Yardley, Pa., resident Alan E. Rambam, challenges Long & Foster's allegedly uniform policy to charge real estate buyers and sellers the $345 broker services fee.

Without any discernable services offered, the fee violates federal law banning unearned charges for...
To view the full article, register now.