Industry News

Plus, the BLS makes a significant downward revision to jobs numbers, and the president’s nominee to replace an ex-Fed official advances to a Senate vote.

The appointment of Ethan Glass, lead counsel in the commissions cases, underscores Compass’ “unwavering commitment to seller choice,” CEO Robert Reffkin said.

A new filing seeks a temporary restraining order while a Texas broker’s court battle over NAR and local association membership requirements proceeds.

Gov. Greg Abbott said “foreign adversaries like China, Russian, Iran and North Korea” and terrorist organizations “must not be allowed to own land in Texas.”

Plus, Trump signs trigger leads bill; DOJ investigates mortgage fraud claims linked to a Fed governor; advocacy groups call for a vote on key housing bill.

CoStar sued Zillow in July for allegedly using over 46,000 CoStar-owned images on its website, and says the portal is now trying "to hide its wrongdoing."

Plus, the FHFA approves Rocket’s acquisition of Mr. Cooper; the CFPB proposes new terminology around consumer risk, narrowing its supervision of nonbanks.

If large brokerages go all-in on private listings, they would dominate the market, putting smaller firms “right out of business,” a consumer advocate warns.

The iBuyer’s shares jumped over 85% on Aug. 28 — just a few weeks after Opendoor avoided delisting with some help from activist investors.

A lawyer representing Federal Reserve Governor Lisa Cook said her termination “lacks any factual or legal basis.” She intends to sue to retain her position.

A 20-year technology veteran has joined the company to lead tech strategy and “accelerate innovation.” Meanwhile, Rocket’s president is set to retire.

The FHFA director is seeking an investigation into mortgage fraud allegations. Plus, HUD materials will now be “English only”; Fed considers crypto payments.

Award-winning reporter Andrea V. Brambila is joining our staff, bringing more than 15 years of experience and building on our already strong foundation.

In many major U.S. metros, small-time mom-and-pop flippers are delivering more renovated homes to the market than new home builders, a New Western report found.

Vic Lombardo will lead Motto Mortgage as RE/MAX Holdings’ new president of mortgage services. Plus, the Greater Tulsa Association of Realtors names a new CEO.

A new report found that despite industry fears, commission rates have ticked higher since buyer agreements changed and offers of compensation moved off the MLS.

A block on mass CFPB staff cuts is overturned. Meanwhile, Fannie Mae faces a defamation lawsuit, and a top Fed official pushes for three rate cuts this year.

The industry-leading iBuyer had seen its stock price jump, but calls for Carrie Wheeler to step down grew louder. A search for a replacement has already begun.

New bipartisan housing legislation speaks volumes about policymakers’ interest in implementing real change, housing advocates agreed during a panel discussion.

Sandra Howard brings major-brand experience and award-winning skills to the role, which she calls “a marketer’s dream,” due to Keller Williams’ strong culture.