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
By the NumbersThe view from California: A 10% jump in home sales next yearHome prices also will increase, with the median at more than $900,000, C.A.R. predicts. But the recent drop in mortgage rates may help would-be buyers.Dave GallagherSeptember 29, 2024
Industry‘Unfiltered’: There’s no ‘magic script’ — success is about skillWatch the conversation as Real Brokerage President Sharran Srivatsaa shares his own selling experience, and the real key for agents (hint: it’s not charisma).Real Estate News StaffSeptember 28, 2024
BrokeragesBrokerage Beat: News from ERA, Real, BHGREERA Prime grows in Detroit; door-to-door experts join Real; Expect Realty affiliates with Better Homes and Gardens; a Leading Edge merger in Tennessee.Real Estate News StaffSeptember 28, 2024
AgentsAgent mood improving post-settlement — a littleAgents are slowly warming up to the new reality in real estate sales, though most still believe the NAR settlement will have a negative effect on the industry.AJ LaTraceSeptember 28, 2024
MLS/AssnPrivate firm completes controversial REcolorado acquisitionNew owner aims to make Colorado’s largest MLS more subscriber-centric and simplify transactions as associations pledge “to create exciting new opportunities.”Dave GallagherSeptember 27, 2024
TechTech Bytes: News from Zillow, MetroList, Lofty and ReviveZillow adds information about flooding, wildfire and other climate risks to its listings; MetroList teams up with StreetWire to offer Home Value Lock.Real Estate News StaffSeptember 27, 2024
By the NumbersCalifornia sets a 3-month limit on buyer agent agreementsThe new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.Dave GallagherSeptember 27, 2024
BrokeragesColorado gives MV Realty the bootThe Rocky Mountain State revokes troubled brokerage’s license over 40-year right-to-list agreements as Minnesota joins 10 other states in filing suit.Robert DavisSeptember 26, 2024
By the NumbersLower rates attract refinancing — are home buyers next?While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased. Dave GallagherSeptember 26, 2024
MLS/AssnNAR to sellers: Concessions could ‘lead to better, faster offer’The new guide from the National Association of Realtors also explains how concessions (which can be used to pay an agent) differ from offers of compensation.Stephanie Reid-SimonsSeptember 26, 2024
By the NumbersNew home sales may have hit a rates-related speed bumpAugust numbers were down nearly 5% from July, but came in better than a year ago and are still expected to outperform existing home sales in the coming months.Dave GallagherSeptember 25, 2024
IndustryInvitation Homes makes $48 million deal to settle with FTCThe Federal Trade Commission said the Dallas-based single-family home rental company “preyed on tenants through a variety of unfair and deceptive tactics.”AJ LaTraceSeptember 25, 2024