MLS/AssnNAR employee files discrimination suitA former project manager said she was subjected to sexual harassment and retaliation in a lawsuit filed June 18 in Illinois District Court.Stephanie Reid-SimonsJune 20, 2024
Industry'Unfiltered': How agents can show their value in 5 minutesWatch the conversation with CubiCasa leader Jeff Allen as he discusses the “magic” of capturing floor plans and how they can boost agents’ value proposition.Real Estate News StaffJune 20, 2024
IndustryWho opted in to the NAR settlement? ‘It’s all over the place’The path is more clear for MLSs than brokerages, according to a top industry lawyer. The National Association of Realtors, meanwhile, had no comment.Stephanie Reid-SimonsUpdated June 20, 2024
IndustryPeople on the Move: New CFOs at CoStar, Inside Real EstateThe companies have hired veteran financial executives to support growth efforts, with Chris Lown joining CoStar and Chris Black joining the proptech leader. Real Estate News StaffJune 19, 2024
By the NumbersHousing Market Decoded: Why is inflation so sticky?It’s all about housing, which has an outsized effect on the Consumer Price Index — and is contributing to the Fed’s lack of action on interest rates.Lisa SturtevantJune 19, 2024
IndustryFreedom Mortgage hit with $4 million fineThe company, which has been dubbed a “repeat offender” by regulators, faces another penalty for submitting inaccurate loan data.Dave GallagherJune 18, 2024
IndustryOpt-in day is here — who’s in?Connecticut’s SmartMLS reluctantly decides to join the NAR settlement. Other MLSs and brokerages have until the end of the day to opt in.Dave GallagherUpdated June 20, 2024
IndustryNew initiative focuses on agents for underserved buyersRealtor.com is highlighting the 111 things independent buyer representation does for Black, Hispanic, Asian American, LGBTQ+, veteran and first-time buyers.Stephanie Reid-SimonsJune 18, 2024
IndustryDOJ pushes back on NAR’s rehearing requestThe agency wants to reopen its antitrust investigation into the association, and on June 17 said NAR’s attempt to block that move is not justified.Dave GallagherJune 17, 2024
IndustryIt’s time for brokerages, MLSs to settle — or face liabilityJune 18 is the deadline for those not covered by the NAR settlement to opt in and pay damages, or risk further litigation in the commissions cases.Dave GallagherJune 17, 2024
BrokeragesCan REX make a comeback?The low-fee brokerage continues to pursue antitrust claims against Zillow as it looks for a chance to start again.Dave GallagherJune 17, 2024
By the Numbers3 regions top the list of markets most at risk for a slowdown ATTOM researchers found that counties around Chicago and NYC, as well as several in inland California, would be the most vulnerable in a housing downturn.AJ LaTraceJune 17, 2024
TechTech Bytes: News from Opendoor, Real, Lundy, RealReportsOpendoor unveils industry-first partnership with My State MLS; Real Brokerage launches curated tools; SWMLS partners with RealReports; CRMLS adds Lundy.Real Estate News StaffJune 17, 2024
BrokeragesBrokerage Beat: News from ERA, E&V, Sotheby's Realty, C21Large East Coast indies join ERA; Super Bowl champ signs on with Engel & Völkers Austin; Sotheby's Realty expands in Michigan; Century 21 adds Montana firm.Real Estate News StaffJune 15, 2024
MLS/AssnNAR ‘stands by’ Pride post as it cuts all comments“This was more than simply a social media post,” said the LGBTQ+ Real Estate Alliance president, calling for “proactive actions” and ethics code enforcement.Stephanie Reid-SimonsJune 14, 2024
MLS/AssnZillow, MLSs reach settlement in ShowingTime lawsuitThe home search giant filed a lawsuit last December over the removal of its showing platform in the ARMLS and Metro MLS regions.Dave GallagherJune 14, 2024
AgentsAgents, consumers split on NAR settlement outcomesA recent survey from Clever found that 70% of agents are unhappy with the deal, but two-thirds of consumers think commissions practices should change.AJ LaTraceJune 14, 2024
Industry'Unfiltered': What clients want, and how to deliver itWatch the conversation with strategist Jay Baer as he explains how to create better client outcomes by avoiding common pitfalls and “yesterday’s thinking.” Real Estate News StaffJune 13, 2024
By the NumbersMortgage rates decline for a second week, boosting applicationsBuyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.Dave GallagherJune 13, 2024
IndustryNick Bailey: 5 lessons for leaders of public real estate companiesBailey, the former CEO of RE/MAX, discussed the keys to success when leading a business that is accountable to both customers and shareholders.AJ LaTraceJune 13, 2024