Portals ‘should not work against outcomes’ the government seeks
In a conversation with Real Estate News, Realtor.com CEO Damian Eales discussed NAR, the benefits of major rule changes and the role of home search sites.
May 8, 2024
AJ LaTrace
AJ has covered real estate for the last decade as a reporter and editor for publications including Vox Media's Curbed, Chicago magazine and Business Insider. At Business Insider, AJ led the brand's coverage of how everyday people invest in real estate as a means of gaining financial independence, and he reported on big-picture trends and pain points in the broader U.S. real estate market. AJ is based in Chicago, where he also moonlights as a small-time landlord.
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- Real Brokerage revenue up 86% as agent count soarsThe company remains on a rapid-growth trajectory, but net losses also increased this quarter, largely due to a recent commissions lawsuit settlement.May 7, 2024
- CoStar CEO on Matterport deal: Virtual tours, real advantageAndy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.May 4, 2024
- Zillow revenue up thanks to big gains in rentals and mortgagesThe company reported better-than-expected revenue of $529 million in Q1 — a 13% improvement from a year ago — and hinted at further monetizing its audience.May 1, 2024
- CoStar, Realtor.com CEOs on traffic, ads and fierce competitionAndy Florance and Damian Eales took to the stage separately during the T3 Leadership Summit to address contentious traffic claims and highlight growth goals.April 27, 2024
- Glenn Sanford: ‘Our real goals are not domestic’During the T3 Leadership Summit, the eXp founder discussed some of his early challenges, the need for internal disruption, and his international ambitions.April 25, 2024
- NAR deal ‘could be detrimental’ to Black agents, buyersIn a conversation with Real Estate News, Dr. Courtney Johnson Rose of NAREB discussed the pros and cons of the recent settlement and upcoming rule changes.April 25, 2024
- Anywhere focused on cost-cutting as revenue holds steadyRevenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.April 25, 2024
- Zillow CEO: ‘Keep your head down and deliver for your customers’At the T3 Leadership Summit, Rich Barton discussed what’s in store for Zillow and the industry — and encouraged the audience to “resist the urge to chaos.”April 24, 2024
- Top portal rivals show mutual support for buyer agencyThis week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.April 19, 2024
- Inventory is way up in Florida — but prices are still risingActive listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.April 19, 2024
- Why is housing supply so low? Blame local zoningTwo U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.April 18, 2024
- Agents optimistic about the market, concerned about buy-side payA new survey from Real Brokerage offers insight into agent sentiment and how they really feel about the industry changes set to go into effect this summer.April 16, 2024
- Commissions, steering and the MLS: Myths and realitiesDuring a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.April 16, 2024
- What agents and brokers can — and can’t — do under new MLS rulesBright MLS legal counsel Brian Schneider explained the ins and outs of the NAR settlement rule changes. Here’s what real estate professionals need to know.April 13, 2024
- How are agents paid? Don’t ask buyersMore than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.April 11, 2024
- Agents should use this ‘old school’ prospecting strategyDuring a webinar hosted by T3 Sixty, consultants and guests discussed how tried-and-true tactics like geo-farming can help agents get more deals.April 11, 2024
- Investors feeling optimistic, buying record share of homesA pair of new reports look at the role investors played in the housing market last year and offer insights into their current outlook and pain points.April 9, 2024
- Consumer group predicts 20-30% drop in commissionsThe NAR settlement will lead to better service and lower costs for homebuyers, new research from the Consumer Federation of America suggests.April 8, 2024
- Beverly 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.”April 5, 2024
