Industry News

The department cut nearly $56M in funding already allocated by Congress. Plus, a proposed down payment matching program; NAHB supports affordability bill.

The law, which took effect on Oct. 1, states that private listings and office exclusives cannot be publicly marketed, which could include sharing between firms.

The growing SoCal-based indie has a new chief growth officer, while HSoA appoints 1000WATT founders to C-suite. Plus, exec hires at Flyhomes, STRATMOR, more.

The Fed’s former chair, Jerome Powell, was warned last year that he could be fired amid allegations of fraud linked to the nearly $2.5B renovation project.

Stacy Seago was named director of franchise development to support Iron Valley’s growth. Plus, Kelly Robinson moves into VP role at Cotality.

The judge allowing the case to proceed said the plaintiffs “plausibly allege” that agents “have no choice but to participate in Zillow’s referral ecosystem.”

The value of listing data lies in its comprehensiveness. MLSs should consider what brokers and agents are contributing — and what they should receive in return.

Third-party aggregators and AI platforms are using listing data for free. It’s time for brokerages and MLSs to claim their rightful share of the profits.

The Batton counsel can’t claim a share of a fund it did not build, the lawyers argue. Plus, Sitzer/Burnett objectors lose rehearing bid; Zillow cases merged.

The NAHB supported the bill upon its introduction in the House. Plus, builders sound alarm on immigration enforcement impacts; Let America Build visits Boston.

While the median differences vary by price tier and location, a new white paper from ARELLO found that private listings typically sell for less.

Kyle Hunter moves to MAVERIX after 15+ years at Lone Wolf. Plus, CB Anabasis Realty names Shaun Guerard president of sales; Barrett Sotheby’s adds VP of growth.

A recent ruling in Zillow’s lawsuit targeting the brokerage giant’s exclusive listing strategy could ultimately reshape how the companies do business.

The plaintiffs’ latest amended complaint repeats claims that the court previously rejected, Zillow argued in its motion to dismiss the case with prejudice.

One Compass-affiliated brokerage leader said the ruling brought “a sense of satisfaction,” while others just hope for more clarity and stability going forward.

Rikki Tremblay was named VP, principal accounting officer, as Zillow’s chief accounting officer prepares to retire. Plus, Key Mortgage appoints new SVP.

Compass’ walled-garden strategy could set off a private inventory race — but the open ecosystem has an opportunity to become its most powerful counterweight.

The portals said their partnership, which they first announced in May, will create a new standard for housing market transparency through collaboration.

The groups want state attorneys general to launch targeted investigations. Plus, Trump nominates FHA commissioner; new affordable housing bill introduced; more.

The firm’s NYC agents can get a $1K digital marketing package if they remove listings from StreetEasy before the portal’s policy updates take effect Sept. 17.