IndustryJudge likely to merge 2 Illinois commissions casesThe lawsuits, known as Batton 1 and Batton 2, may soon be combined, with both moving forward under Judge Andrea Wood.Dave GallagherJanuary 24, 2024
IndustryIndustry Decoded: It’s time for mandatory buyer agreementsThe best way to protect consumers and raise the bar for the entire industry? Require buyer agency agreements across the board.Russ CofanoJanuary 24, 2024
IndustryCourt should consolidate all commissions cases, argues NARThe trade association favors a consolidated approach but wants all 19 cases included — and doesn’t think the trial should be held in Missouri.Dave GallagherUpdated March 19, 2024
IndustryPeople on the Move at MARIS, real estate tech firmsCameron Paine takes on top role at MARIS as CEO David Price retires; Happy Grasshopper, HomeScout, Rechat and Lundy announce new executive hires.Real Estate News StaffJanuary 23, 2024
MLS/AssnNAR alternative moves up its launchAREA, an initiative spearheaded by Mauricio Umansky and Jason Haber, aims to create “something totally new” for agents and others dissatisfied with NAR.Stephanie Reid-SimonsUpdated October 21, 2024
BrokeragesENRG Realty offers a new take on revenue sharing The newly launched firm — the brainchild of former eXp and Real execs — tweaks the downline model and is intended to “professionalize the industry.”AJ LaTraceJanuary 23, 2024
By the NumbersTrends 2024: Will we ever solve the inventory problem?For more than a decade, housing supply has not kept pace with demand. Building more homes might seem like the answer, but there’s more to it than that.T3 SixtyJanuary 22, 2024
TechAI ‘a bigger danger’ to real estate than lawsuitsA new survey finds that most brokerages and agents are using artificial intelligence tools, especially ChatGPT. But they need to watch out for the risks.Cheryl Reid-SimonsJanuary 21, 2024
IndustryThe ‘harrowing’ truth of being a woman in real estateScandals at NAR and beyond have shed new light on a familiar and distinctly female challenge: Having to work harder and protect yourself because of your gender.Nicole BrodeurJanuary 20, 2024
BrokeragesBrokerage Beat: News from Compass, Christie's, @properties, ERA, moreInfluencer leaves Corcoran for Compass; Christie's lands in Curaçao; @properties expands to Ann Arbor; Denver firm joins ERA; KW tops Best Workplace list.Real Estate News StaffJanuary 20, 2024
MLS/AssnGolden State is the Lawsuit State as commissions cases pile upThe latest filing focuses on the Northeastern part of California and takes aim at MetroList MLS as well as multiple associations and brokerages.Dave GallagherJanuary 19, 2024
BrokerageseXp, former team leader named in sexual harassment suitA former female employee claims she was harassed, then fired for resisting advances from Chris Nevada of the Nevada Real Estate Group.Dave GallagherJanuary 19, 2024
By the NumbersExisting home sales haven't been this low since 1995According to the latest NAR data, just 4.09 million existing home sales were reported in 2023, the lowest number in nearly three decades. AJ LaTraceJanuary 19, 2024
By the NumbersInventory trickling in, but don’t expect a floodAll eyes are on inventory levels — which are up slightly compared to a year ago — as the market gears up for spring.Dave GallagherJanuary 19, 2024
IndustryREX to appeal after losing latest battle with ZillowA jury ruled that Zillow's display of non-MLS listings was not deceptive, and a judge denied a request for a new trial. REX now says it will appeal.Dave GallagherUpdated February 5, 2024
IndustryCalifornia slapped with a second commissions lawsuitThe latest case, which focuses on Los Angeles, lists 35 defendants including the largest MLS in the U.S., major brokerages and two dozen associations.Dave GallagherJanuary 18, 2024
By the NumbersMortgage rates drop to lowest level in 8 monthsLower rates are good news for buyers, but increased demand could further erode limited inventory.Dave GallagherJanuary 18, 2024
BrokeragesHoward Hanna dropped from national commissions lawsuitDefendants in the Gibson case — which no longer includes Hanna — were also denied a request for a delay on Wednesday.Dave GallagherJanuary 18, 2024
By the NumbersBuilder confidence jumps in the new yearHome builder sentiment is up significantly in January as lower mortgage rates bring more buyers back to the market.Dave GallagherUpdated January 18, 2024
IndustryMeet the reporter whose NAR story rocked the industryNew York Times journalist Debra Kamin talked to Real Estate News about the response to her investigations, why her eXp story “hit differently,” and what’s next.AJ LaTraceJanuary 17, 2024