AgentsBeverly Hills agent and TV veteran remembered as ‘a force’Jennifer Berman most recently served as COO of Direct Offer and was a cast member on the CNBC series “Listing Impossible.”AJ LaTraceApril 5, 2024
MLS/AssnDOJ can reopen its investigation into NAR, appeals court rulesRuling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.Dave GallagherUpdated April 6, 2024
BrokerageseXp Realty promotes Leo Pareja to CEOThe brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.AJ LaTraceApril 5, 2024
TechUnderstanding online lead generation in the age of AIA new study from T3 Sixty and PrimeStreet surveyed brokerages on their lead-gen practices and use of online and AI tools. The latter has produced mixed results.AJ LaTraceApril 4, 2024
By the NumbersMortgage rates remain steady, but for how long?Mortgage rates ticked up slightly this week, but have stayed in a narrow range throughout 2024. Upcoming economic reports could test this period of stability.Dave GallagherApril 4, 2024
By the NumbersPrice cuts hit a five-year highThere are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.Dave GallagherApril 4, 2024
BrokeragesKeller Williams hit with another telemarketing class-actionAfter reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.Dave GallagherApril 3, 2024
BrokeragesCompass acquires longtime New Orleans independent Latter & BlumThe acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.AJ LaTraceApril 3, 2024
By the NumbersA resurgence of first-time buyers, and a look at agent payNAR’s annual generational trends report examines buyer and seller characteristics and dives into their needs — and how they compensate agents.Dave GallagherApril 3, 2024
IndustryPeople on the Move: Promotions at JPAR, Realty ONE; MLS Now names CEOJPAR president Laura O’Conner adds chief operating officer to her title; David Romero takes on chief customer officer role at Realty ONE + more role changes.Real Estate News StaffUpdated April 6, 2024
By the NumbersNortheast and Midwest markets are still sizzling hotThe regions continue to see significant price growth and elevated buyer activity, but national price growth is expected to slow this year as supply increases.AJ LaTraceApril 2, 2024
BrokeragesBuyer agreements work, sellers still willing to pay: Baird & WarnerLaura Ellis, chief strategy officer at the Chicago firm, says part-timers may not make it in the post-settlement world, but serious agents will excel.AJ LaTraceApril 2, 2024
BrokeragesHomeServices responds to massive damages requestThe firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.Dave GallagherApril 1, 2024
IndustryJames Dwiggins: Industry innovator, podcast provocateurThe CEO of NextHome, founder of Rayse and co-host of an "unfiltered" podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR. Nicole BrodeurApril 1, 2024
MLS/AssnWhy all eyes are on the Nosalek caseCMLS is the latest organization to weigh in on the Massachetts case, while a dispute with the DOJ could shed light on the fate of compensation rules nationally.Dave GallagherApril 1, 2024
BrokeragesAgents must get on board with the ‘new way’ of doing businessIn just a few months, new compensation and buyer agreement mandates will kick in. Agents who are ready to adopt them will succeed more quickly.Dave GallagherMarch 30, 2024
BrokeragesBrokerage Beat: News from Corcoran, Real, E&V, KW, moreCorcoran enters Oregon; Real expands in NorCal, PA; E&V adds Long Island shop; The Agency now in Edmonton; KW enters Bahamas; Christie's grows in Barbados, NJ.Real Estate News StaffMarch 30, 2024
By the NumbersDown payments, cash offers rise in response to interest ratesDespite a less competitive market for buyers, cash remains king — not to win bidding wars, but to avoid inflated financing costs.Cheryl Reid-SimonsMarch 29, 2024
IndustryOpendoor: We’re ‘built for’ post-settlement worldIn a blog post, CEO Carrie Wheeler said the NAR deal and rule changes would be a boon for the company: “We’ve never been so optimistic about the future.”AJ LaTraceMarch 29, 2024
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