Entries by JKents

Compass files an antitrust suit against NWMLS over its CCP

The other shoe has finally dropped. After weeks of back and forth online, Compass filed an federal antitrust lawsuit in U.S. District Court in Seattle against Northwest MLS (NWMLS) over NWMLS’s Clear Cooperation Policy (CCP) on Friday. NWMLS is a broker-owned MLS, rather than owned by the Realtor association, meaning that it is not subject […]

Publicans snaps up rare $15m ‘proceeds of crime’ city penthouse

802/85 Harrington St, The Rocks sold for $15m under the hammer. Popular publicans, who recently bought one of Sydney’s most famous watering holes, have snapped up a luxurious penthouse nearby. The Wentworth Courier recognised Patrick Gallagher, who with wife Angela paid $20m for Jacksons on George in March, doing the bidding himself at the recent […]

It’s time for America to think differently about money laundering and risk assessment

There is a robust international network working to prevent money laundering. It’s called the FATF (Financial Action Task Force). It has headquarters in Paris and works through nine regional satellite organizations on every continent except Antarctica. It provides guidance to more than 100 countries on anti-money laundering best-practices, and it puts offenders and scofflaws on […]

Meet Deferred, the new kid on the 1031 exchange block

The low mortgage rates secured by many homebuyers and those who refinanced during the height of the post-pandemic housing market has led a rising share of “accidental landlords,” those who choose to rent out their property instead of selling it when they move.  Although there’s no definitive count on how many homeowners have earned this […]

Revealed: What happened to Freddie Mercury’s fortune, $58m home?

Freddie Mercury. When Freddie Mercury died in 1991 at the age of 45, his fortune was worth an eye watering £37.5 million, roughly around $A78 million today. The singer left a bulk of his estate, including his 28-bedroom London mansion and his share of all Queen royalties to ex-fiancée Mary Austin. According to The Sun, […]

Surprise fortune Pope Francis left behind revealed

Pope Francis. Picture: Alessandra Tarantino/AP Photo Pope Francis’ net worth has been revealed following the news of his death at 88. The pontiff died from a stroke and heart failure in Rome on Easter Monday. The head of the Roman Catholic Church stepped into his role in 2013, but his fortune isn’t as massive as […]

How much home renovations really cost Harry, Meghan

Prince Harry and Meghan Markle. Picture: Eddie Mulholland – WPA Pool/Getty Images Prince Harry and Meghan Markle lost a staggering fortune when they left England to start a new life in the US. According to Hello!, the Duke and Duchess of Sussex’s UK residence, Frogmore Cottage, underwent extensive renovations – costing a reported £2.4 million […]