MLS/AssnMore agents joining NAR ahead of settlement deadlineDespite market headwinds and uncertainty around practice changes, NAR membership has remained resilient, with big gains in Washington state.AJ LaTraceAugust 12, 2024
AgentsHow 2 agents took white-glove service to a higher levelFor some agents, going above and beyond is just part of the territory — and can be the key to closing the deal.Melanie KalmarAugust 10, 2024
BrokeragesBrokerage Beat: News from Jack Conway, Christie's, Corcoran, moreMassachusetts indie acquires South Shore firm; Christie's Real Estate adds Trusts & Estates arm; Corcoran grows in NC; Real, The Agency gain high-value teams.Real Estate News StaffUpdated August 12, 2024
BrokeragesAs revenue falls, is it time for RE/MAX to rethink its model?Agent count has also continued to decline, and CEO Erik Carlson said they are looking at all aspects of their business in preparation for an industry rebound.Dave GallagherAugust 9, 2024
TechTech Bytes: Offerpad launches agent portal, Rechat gains partner"Powered by Offerpad" supports the iBuyer's agent partners; Peerage gets Rechat tools; Audience Town adds builder analytics; Rexdat offers listings platform.Real Estate News StaffAugust 9, 2024
BrokeragesHomeServices' $250 million settlement moves forwardPreliminary approval of the deal was granted on Aug. 8, with a final hearing set for Nov. 26. Plus, Batton 2 plaintiffs respond to motions to dismiss.Dave GallagherAugust 8, 2024
Industry'Unfiltered': Real estate missing ‘collective leadership’Watch the conversation with industry icon Stefan Swanepoel on the “self-centered, arrogant” leaders in real estate, NAR’s missteps and opportunities ahead.Real Estate News StaffAugust 8, 2024
IndustryPeople on the Move: C.A.R. names a new CEOPhil Hawkins joins the association following 9 years as CEO of a local California Realtor association, says he is "ready to seize opportunities that lie ahead."Real Estate News StaffAugust 8, 2024
By the NumbersMortgage rates tumble, but where are the buyers?The 30-year mortgage fell to its lowest level since May 2023, which “should begin to pique their interest in making a move” — but buyers might not be ready.Dave GallagherAugust 8, 2024
IndustryNAR: 'The free market' will determine commissionsNAR reps discussed upcoming rule changes and reiterated that it does not promote or set compensation: “NAR is agnostic as to where the commission levels are.”AJ LaTraceUpdated August 13, 2024
IndustryZillow continues to outperform industry, beat expectationsRevenue was up 13% in Q2, and the company — now with a new CEO — said it's in a strong position: “We have the most customers, we work with the best partners."Dave GallagherAugust 7, 2024
Industry‘Unfiltered’: Why NAR advocacy is ‘the envy’ of D.C. and beyondWatch the conversation with NAR’s top lobbyist as she discusses what advocacy really means for members and some of the big wins the association has achieved.Real Estate News StaffAugust 7, 2024
IndustryZillow’s new CEO on what’s next as Rich Barton moves upstairsBarton and Jeremy Wacksman speak exclusively with Real Estate News about the leadership transition at the top of the influential home-search site.Stephanie Reid-SimonsAugust 7, 2024
By the NumbersAre consumers giving up on homebuying?The latest sentiment survey from Fannie Mae shows declining optimism, with more consumers now saying they plan to rent when they make their next move.Dave GallagherAugust 7, 2024
BrokeragesReal ‘surpassed expectations’ as revenue, agent count soarsThe company reported strong Q2 numbers, noting that its rev share model and tech will continue to give it an edge, while “traditional models may struggle.”Amie FisherAugust 7, 2024
BrokeragesRedfin is ramping up for a reboundCEO Glenn Kelman says the company's lower-fee model will attract consumers who are now more aware of commissions: "We can use price as a weapon to gain share."Dave GallagherAugust 6, 2024
BrokeragesSettlement in the works in buy-side commissions caseA court filing indicates that Chicago-based At World Properties is nearing a deal in a lawsuit brought by an Illinois homebuyer.Dave GallagherAugust 6, 2024
IndustryNegotiate dollar-amount commissions, consumer watchdog urgesThe Consumer Federation of America has rolled out new guidance and is discouraging the practice of paying agents based on a percentage of a home’s sale price.AJ LaTraceAugust 6, 2024
By the NumbersWhat buyers will give up to find an affordable homeA Redfin survey found that younger buyers are more willing to sacrifice safety, and overall, proximity to amenities was lower on the list of must-haves.Dave GallagherAugust 5, 2024
BrokerageseXp toolkit prepares sellers, agents for practice changesThe brokerage, which received praise for its new buyer and seller agreements, is sharing forms and scripts related to concessions and buy-side compensation.AJ LaTraceAugust 5, 2024