BrokeragesGlenn Sanford: ‘Our real goals are not domestic’During the T3 Leadership Summit, the eXp founder discussed some of his early challenges, the need for internal disruption, and his international ambitions.AJ LaTraceApril 25, 2024
By the NumbersMixed market signals: Mortgage rates shoot up, sales trend positiveEven as interest rates and prices keep rising, new and pending home sales have ticked up.Dave GallagherApril 25, 2024
IndustryNAR deal ‘could be detrimental’ to Black agents, buyersIn a conversation with Real Estate News, Dr. Courtney Johnson Rose of NAREB discussed the pros and cons of the recent settlement and upcoming rule changes.AJ LaTraceApril 25, 2024
BrokeragesAnywhere focused on cost-cutting as revenue holds steadyRevenue and agent count dipped slightly, but the company highlighted the strength of its Sotheby’s brand and its progress toward a $100 million savings goal.AJ LaTraceApril 25, 2024
IndustryZillow CEO: ‘Keep your head down and deliver for your customers’At the T3 Leadership Summit, Rich Barton discussed what’s in store for Zillow and the industry — and encouraged the audience to “resist the urge to chaos.”AJ LaTraceApril 24, 2024
IndustryJudge says yes to consolidation of Missouri casesThe court approved an April 19 request filed by the Gibson and Umpa plaintiffs to merge the lawsuits, which were both under the purview of Judge Stephen Bough.Cheryl Reid-SimonsApril 24, 2024
Paid ContentHow a global referral network can drive local business for real estate prosTwo agents share why aligning with a real estate brand recognized around the world, like RE/MAX, can open vast new possibilities for business.Sponsored by RE/MAX
BrokeragesRealty ONE, @properties reach settlements in commission casesThe brokerages are the first to settle following preliminary approval of the NAR agreement by a Missouri judge earlier this week.Dave GallagherApril 24, 2024
TechTech Bytes: Movoto partners with GreatSchools; T3 Sixty names Fusion finalistsWeb portal Movoto announces exclusive partnership with educational data nonprofit; Fusion awards recognize top-tier residential real estate brokerage websites.Real Estate News StaffUpdated April 25, 2024
IndustryCoStar revenue up 12%, but Homes.com advertising eats into profitsHomes.com subscription sales to agents are the biggest product launch in CoStar history, said CEO Andy Florance, as the company pursues portal dominance.Cheryl Reid-SimonsApril 23, 2024
IndustryYour guide to the latestKeep track of all the cases and their status with our handy lawsuit cheat sheet.
Industry‘Change will absolutely happen’ — so build something newReal estate has gone through massive changes over the past 50 years, says industry icon Stefan Swanepoel, but it’s time to focus on the future.Stephanie Reid-SimonsApril 23, 2024
IndustryPeople on the Move: C.A.R. CEO resigns; eXp names new CMOJohn Sebree is leaving the California Association of Realtors, while Wendy Forsythe will move into the role of CMO at eXp.Real Estate News StaffApril 23, 2024
IndustryJudge grants preliminary approval of NAR settlementA hearing for final approval is scheduled for Nov. 26. The court filing also included information about who is covered in the nationwide class action.Dave GallagherApril 23, 2024
TechReal estate’s AI era is just starting — here’s what you need to doIt’s not too late to get on board, but “you have less than a year to figure it out,” AI expert Allie K. Miller told execs at the T3 Leadership Summit.Stephanie Reid-SimonsApril 23, 2024
BrokeragesHome sellers make another bid for consolidation in MissouriPlaintiffs in Umpa and Gibson have asked the court to merge the two lawsuits. The antitrust cases cover similar ground and name several of the same defendants.Dave GallagherApril 22, 2024
TechCoStar acquires Matterport — and all its dataThe move gives the Homes.com parent company access to a massive amount of digital property information as it looks to strengthen its residential presence.Stephanie Reid-SimonsApril 22, 2024
IndustryBrokerages, MLSs not covered under NAR deal face 60-day deadlineSitzer/Burnett plaintiffs filed preliminary approval docs on Friday, triggering a countdown to opt in to the agreement process outlined by NAR and the courts.Dave GallagherApril 22, 2024
IndustryWhat’s new and what’s next, post-NAR commissions deal?The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.Dave GallagherApril 20, 2024
BrokeragesBrokerage Beat: News from Real, Corcoran, C21, BHGRE, Sotheby'sReal nabs top Chicago team; Rabbitt Group forms at Corcoran Reverie; Baltimore indie joins C21; Oklahoma firm signs on with BHGRE; Sotheby's opens in Poland.Real Estate News StaffApril 20, 2024
IndustryPeople on the Move: Chicago Association of Realtors president resignsDrussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.Real Estate News StaffApril 19, 2024