IndustryCommissions case won't be finalized until 2024Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.Dave GallagherNovember 15, 2023
BrokeragesMark Willis returns to CEO role at KWWillis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.Dave GallagherNovember 15, 2023
By the Numbers2024 could usher in a surge of home salesNAR economist expects to see a double-digit rise in both existing and new home sales next year.Dave GallagherNovember 14, 2023
IndustryTexas commissions lawsuit targets teams, associationsTexas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.”Cheryl Reid-SimonsUpdated December 15, 2023
MLS/AssnCommissions battle ‘far from over’ says NAR presidentDuring her NAR NXT keynote, Tracy Kasper tackled the big issues facing the association, including the Sitzer/Burnett verdict and sexual harassment accusations.AJ LaTraceNovember 14, 2023
By the NumbersMarket Moods: Houston inventory back to pre-pandemic levelsBuyers are in a better position this fall as supply increases and home prices level off in the Lone Star State's largest city.Robert DavisNovember 14, 2023
MLS/AssnWill Sitzer/Burnett send the industry back to the ‘Dark Ages’?Bright MLS CEO Brian Donnellan said the verdict could be a blow to fair housing, which “should be concerning to all of us.”Dave GallagherNovember 14, 2023
BrokeragesPeople on the Move: RE/MAX Holdings names new CEOErik Carlson replaces interim CEO Steve Joyce as the leader of the company's real estate brokerage and mortgage divisions.Real Estate News StaffNovember 13, 2023
By the NumbersFirst-time homebuyers ‘tiptoe back’ as median income tops $100kNAR’s annual Profile of Home Buyers and Sellers found that down payments increased as more people saved up by living with friends or family before purchasing.Dave GallagherNovember 13, 2023
TechTech Bytes: News from Collabra, CoreLogic, BoxBrownieCollabra adds MLS visionary to its board; CoreLogic launches AR-powered tool for appraisers; LeadingRE adds BoxBrownie.com to its Solutions Group.Real Estate News StaffNovember 13, 2023
AgentsAgents Decoded: Don't fear acquisitions (even when it's Zillow)When your favorite company or tool is acquired, it's normal to have concerns — but try to set your biases aside instead of running for the hills.Jay ThompsonNovember 12, 2023
IndustryRealtor.com CEO: World without buyer agency a ‘dangerous scenario’Damian Eales talked to Real Estate News about why the industry “should be careful what some people are wishing for” and his perspective on NAR.AJ LaTraceNovember 11, 2023
BrokeragesBrokerage Beat: News from eXp, Century 21, @properties, The AgencyeXp begins search for new CFO; Century 21 strengthens Georgia presence; @properties Christie's International promotes key execs; The Agency adds Toronto office.Real Estate News StaffNovember 11, 2023
IndustryNew lawsuits crop up to challenge agent compensationCases in South Carolina, New York and Chicago pit consumers against NAR, REBNY, Keller Williams and other top real estate companies.Dave GallagherNovember 10, 2023
AgentsBrokerage on a mission gives millions back to military familiesIn a Navy town, McKenzie Better Homes and Gardens Realty supports military families and veterans with more than the typical real estate services.Cheryl Reid-SimonsNovember 10, 2023
IndustryCommissions verdict casts a long shadow over Q3 earningsZillow, Redfin and CoStar assured investors that they can withstand “massive disruption,” while others discussed efficiencies and even some avenues for growth.Dave GallagherNovember 10, 2023
BrokeragesReal revenue, agent count up nearly 100% in past 12 monthsStrong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.AJ LaTraceNovember 9, 2023
By the NumbersBig rate drop could mean flurry of Thanksgiving home salesMortgage rates took a dive this week, experiencing the largest one-week decline in a year.Dave GallagherNovember 9, 2023
MLS/AssnNAR president’s post-verdict message: Be transparent, trust appealsTracy Kasper addressed Realtors in a video post, offering specific advice for working with buyers and sellers, and a look ahead to other legal actions.Stephanie Reid-SimonsNovember 9, 2023
BrokerageseXp confirms ‘bad actors’ fired were defendants in sexual assault caseDuring the company's recent earnings call, CEO Glenn Sanford was asked about ongoing litigation that claims eXp ignored a pattern of sexual misconduct.AJ LaTrace, Dave GallagherNovember 8, 2023