TechIn Focus: Synthesizing data to get smarter about listingsMLS platform Perchwell was born out of CEO Brendan Fairbanks' desire to create "a more quantitative approach to understanding the market."Robert DavisApril 14, 2024
MLS/AssnWhat agents and brokers can — and can’t — do under new MLS rulesBright MLS legal counsel Brian Schneider explained the ins and outs of the NAR settlement rule changes. Here’s what real estate professionals need to know.AJ LaTraceApril 13, 2024
BrokeragesBrokerage Beat: News from Corcoran, ERA, Real, eXp$90M luxury agent moves to Corcoran; 40-year independent joins ERA Powered; Seattle broker hops from The Agency to Real; eXp highlights Q1 team recruitments.Real Estate News StaffApril 13, 2024
TechTech Bytes: News from Stellar MLS, NorthstarMLS and T3 SixtyStellar MLS expands voice search capabilities; NorthstarMLS launches RESO web API; T3 Sixty announces Tech Summit plans.Real Estate News StaffApril 12, 2024
MLS/AssnNAR deal and DOJ ruling give pocket listing case new lifeTop Agent Network is asking for an October 2025 trial date in the dispute over the National Association of Realtors’ Clear Cooperation policy.Cheryl Reid-SimonsApril 12, 2024
IndustryJudges rule against merging commissions copycats — for nowThe ruling leaves open the possibility of consolidation after settlements have concluded. But in the meantime, cases that had been on pause can move forward.Dave GallagherApril 12, 2024
IndustrySitzer/Burnett plaintiffs push for steep judgment — plus interestAttorneys argued that the home sellers “should not have to wait indefinitely to defend their verdict on appeal” and provided details about the case’s timeline.Dave GallagherApril 12, 2024
AgentsHow are agents paid? Don’t ask buyersMore than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.AJ LaTraceApril 11, 2024
By the NumbersWith no rate cuts expected soon, financing a home remains toughAs the U.S. economy continues to show strength, mortgage rates could stay in the 7% range this homebuying season.Dave GallagherApril 11, 2024
AgentsAgents should use this ‘old school’ prospecting strategyDuring a webinar hosted by T3 Sixty, consultants and guests discussed how tried-and-true tactics like geo-farming can help agents get more deals.AJ LaTraceApril 11, 2024
BrokeragesBrokerage Beat: News from Lamacchia, Compass, The Agency, Real, ERA, BHGRELamacchia teams up with Sears; top dealmaker returns to Compass; The Agency opens in Steamboat Springs; Bay Area firm joins Real; ERA and BHGRE gain affiliates.Real Estate News StaffApril 10, 2024
Industry3 things to know about the UWM mortgage lawsuitThe mortgage wholesaler is accused of steering and “cheating” borrowers through excessive fees, echoing some claims seen in the commissions cases. Dave GallagherApril 10, 2024
MLS/AssnNAR president talks ‘stability’ — and dollars and centsDuring a podcast, Kevin Sears said interim CEO Nykia Wright will remain through the end of the year, and shared the financial realities behind NAR’s settlement.Cheryl Reid-SimonsApril 9, 2024
By the NumbersInvestors feeling optimistic, buying record share of homesA pair of new reports look at the role investors played in the housing market last year and offer insights into their current outlook and pain points.AJ LaTraceApril 9, 2024
By the NumbersBuyers are adjusting to a higher-rate environmentWhile consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.”Dave GallagherApril 9, 2024
IndustryConsumer group predicts 20-30% drop in commissionsThe NAR settlement will lead to better service and lower costs for homebuyers, new research from the Consumer Federation of America suggests.AJ LaTraceApril 8, 2024
BrokeragesReal Brokerage makes $9.25 million deal to settle commissions suitThe company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.Dave GallagherApril 8, 2024
BrokeragesLawsuits over KW profit-sharing changes continue to multiplyAt least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.Dave GallagherUpdated April 8, 2024
MLS/AssnThe North American MLS as a model for the worldIn the second of a three-part series, RESO CEO Sam DeBord offers a look at the MLS outside the U.S. and Canada.Sam DeBordApril 7, 2024
AgentsAgents Decoded: How to train agents for when deals fall throughMost real estate training is based on the assumption that all deals close. When they don’t, too many agents are ill-equipped to handle it. J. Philip FarandaApril 6, 2024