BrokerageseXp paying $34 million to settle commissions caseThe deal, which is not yet final, came in a Georgia case but covers similar lawsuits over agent compensation.Stephanie Reid-SimonsOctober 7, 2024
TechTech Bytes: Agent safety platform wins; DropOffer, Rayse rolloutsTether RE takes top spot in T3 Tech Summit Pitch Battle, DropOffer launches platform for off-market deals, Rayse platform goes live in 200 brokerages.Real Estate News StaffOctober 7, 2024
Industry‘Unfiltered’: Yes, it’s hard, ‘but it’s time to move forward’Watch the conversation with industry icon Sherry Chris as she discusses leading with humility, brand-building and navigating change.Real Estate News StaffOctober 6, 2024
BrokeragesBrokerage Beat: News from Christie's, The Agency, Redfin, moreChristie's Real Estate gains KY team; The Agency adds office, launches mortgage business; BHGRE nabs Louisiana affiliate; SFAR president joins Redfin; more.Real Estate News StaffOctober 5, 2024
MLS/AssnPocket listings lawsuit now focused solely on NARIn a fourth amended complaint, Top Agent Network has doubled down on its allegations that Clear Cooperation is anticompetitive and anti-consumer choice.AJ LaTraceOctober 4, 2024
By the NumbersMortgage rates jump following strong jobs reportWhile higher levels of employment is good news for real estate in the long term, rising rates may put a damper on home sales this fall.Dave GallagherOctober 4, 2024
TechEasyKnock takes victory lap after $153K arbitration rulingThe sale-leaseback proptech mired in legal action celebrated a win that absolved the firm of wrongdoing and awarded it over $153,000 for past due rent and fees.AJ LaTraceOctober 4, 2024
TechNow is the moment to innovate, but tech alone won’t do it“We need people who are more ambitious,” real estate leaders were told at this week’s T3 Tech Summit. And they need to be ready to go deeper with AI.Stephanie Reid-SimonsOctober 4, 2024
BrokeragesMore objections pour in over settlements involving Compass, RedfinA total of nine brokerages have settled in the Gibson/Umpa case, but objectors balk at damage amounts and cite concerns over the impact on homebuyer claims.Dave GallagherOctober 3, 2024
AgentsNAR tells sellers they don’t have to list on the MLSIn its latest consumer guide, the association offers general education about MLSs while alluding to the ongoing debate over its Clear Cooperation Policy. AJ LaTraceUpdated December 16, 2024
By the NumbersBuyers are getting ‘a leg up’ for the first time in yearsMortgage rates remain relatively low, and buyer activity, including home tours and mortgage purchase applications, are up.Dave GallagherOctober 3, 2024
IndustryA new CEO for REcolorado; C-level execs join MoxiWorks, OpendoorDana Bennett brings brokerage as well as MLS experience to REcolorado; MoxiWorks hires its first CMO as it eyes expansion to mid-market and agent customers.Stephanie Reid-SimonsOctober 3, 2024
Brokerages2 more brokerages agree to settle in commissions caseJohn L. Scott and Real Estate One are the latest firms to reach a deal in the Gibson/Umpa class-action lawsuit.Dave GallagherOctober 2, 2024
IndustryShould this 3-page buyer agreement be a model for the industry?University at Buffalo School of Law professor Tanya Monestier’s draft agreement gets most agents “90% of the way there,” she told Real Estate News.AJ LaTraceOctober 2, 2024
MLS/AssnKatie Johnson steps down as NAR’s chief legal officerJohnson oversaw historic — and very public — legal cases for the organization, including the buyer agent commission lawsuits and sexual harassment litigation.Dave GallagherOctober 1, 2024
BrokeragesKW and other firms supporting agents impacted by hurricanesKW Cares has sent more than 450 generators to associates in the Carolinas, while RE/MAX and Anywhere are helping direct funds to affected agents.Dave GallagherOctober 1, 2024
BrokeragesAnywhere seeks 4 major changes to MLS policiesThe brokerage giant is asking NAR to allow greater flexibility around Clear Cooperation and co-mingling, and loosen restrictions for non-member agents.AJ LaTraceOctober 1, 2024
IndustryNewly ID’d opt-ins will add $30 million to NAR settlement fundPlaintiffs in the Sitzer/Burnett commissions case are seeking preliminary approval for deals with 15 non-Realtor MLSs and 13 real estate brokerages.Dave GallagherSeptember 30, 2024
By the NumbersA double dose of good news for housing affordabilityHome Price Index went up 4.1%, while starter homes are more affordable than they’ve been in four years — in part due to a shift in perspective.Dave GallagherSeptember 30, 2024
TechHoward Hanna leaps into AI-powered home search gameThe nation’s largest independent brokerage has launched a new natural language search experience on its website, powered by ListAssist to rival portals.AJ LaTraceSeptember 30, 2024