MLS/AssnWhat every real estate professional needs to know about the MLSIn the first of a three-part series, RESO CEO Sam DeBord explains what an MLS is — and what it isn't — and how definitions of the MLS can vary.Sam DeBordMarch 29, 2024
BrokeragesT3 Sixty suspends release of real estate brokerage rankingThe company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.Stephanie Reid-SimonsMarch 28, 2024
AgentsPacaso adds third-party listings, DIY co-ownership optionThe fractional ownership platform, co-founded by former Zillow CEO Spencer Rascoff, said its latest move “opens up thousands of new listings nationwide.” AJ LaTraceMarch 28, 2024
IndustryIndustry seeking clarity — and change — in FHA and VA lendingNAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.AJ LaTraceMarch 28, 2024
By the NumbersMortgage rates creep down, but not enough to tempt buyersMortgage apps dropped this week even as rates fell, but pending sales began to show signs of life.Cheryl Reid-SimonsMarch 28, 2024
IndustryArguments against consolidation dominate hearingJudges heard from both defendants and plaintiffs on Thursday who spoke about the “burdensome” nature of consolidation and the local nature of the cases.Dave GallagherMarch 28, 2024
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IndustryYour guide to the latestKeep track of all the cases and their status with our handy lawsuit cheat sheet.
MLS/AssnNorthwest MLS criticizes DOJ commissions stanceThe 35,000 member multiple listing service calls the DOJ’s statement of interest an “ill-informed” interpretation of its compensation practices.Dave GallagherMarch 27, 2024
BrokeragesBuyer agents: Explain yourselvesBrokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.Cheryl Reid-SimonsMarch 27, 2024
IndustryHerding the commissions copycats: Judges to hear argumentsEven as settlements continue to roll in, a panel of judges will hear arguments tomorrow about merging the remaining buyer agent commission lawsuits.Dave GallagherMarch 27, 2024
IndustryCalifornia homeowners face another insurance company pulloutState Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew thousands of existing policies starting in July.Robert DavisMarch 27, 2024
IndustryJudge says Sitzer/Burnett will remain a class actionHomeServices of America’s decertification request was denied, and the case will now shift to other post-verdict motions, including a request for a new trial.Dave GallagherMarch 26, 2024
By the NumbersIt's cheaper to rent than buy in nearly every big cityA new report from Realtor.com looks at the cost gap between renting and owning and finds that many markets are now significantly more favorable to renters.AJ LaTraceMarch 26, 2024
Industry2019 commissions case now on track for January trialThe Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.Dave GallagherMarch 26, 2024
BrokeragesKW hit with $250M lawsuit over profit sharing reductionsA former Keller Williams agent argues that the brokerage doesn’t have the right to retroactively alter the program — and now 3 more cases have been filed.Dave GallagherUpdated March 27, 2024
By the NumbersNew home sales cool, but still up nearly 6% annuallyThe inventory of new homes remains elevated, helping offset the low levels of available existing homes.Dave GallagherUpdated March 26, 2024
BrokeragesKW leaders send message of calm at Open House Nothing is changing yet, and when change does come, it won’t eliminate buyer agents or cooperative compensation. ‘‘No one can force you to work for free.”Cheryl Reid-SimonsMarch 25, 2024