Industry News

A hearing for final approval is scheduled for Nov. 26. The court filing also included information about who is covered in the nationwide class action.

Sitzer/Burnett plaintiffs filed preliminary approval docs on Friday, triggering a countdown to opt in to the agreement process outlined by NAR and the courts.

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.

Drussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.

After encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.

This week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.

Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.

PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

During a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.

The ruling leaves open the possibility of consolidation after settlements have concluded. But in the meantime, cases that had been on pause can move forward.

Attorneys 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.

The mortgage wholesaler is accused of steering and “cheating” borrowers through excessive fees, echoing some claims seen in the commissions cases.

The NAR settlement will lead to better service and lower costs for homebuyers, new research from the Consumer Federation of America suggests.

JPAR president Laura O’Conner adds chief operating officer to her title; David Romero takes on chief customer officer role at Realty ONE + more role changes.

The CEO of NextHome, founder of Rayse and co-host of an "unfiltered" podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR.

In a blog post, CEO Carrie Wheeler said the NAR deal and rule changes would be a boon for the company: “We’ve never been so optimistic about the future.”

NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.

Judges heard from both defendants and plaintiffs on Thursday who spoke about the “burdensome” nature of consolidation and the local nature of the cases.

Even as settlements continue to roll in, a panel of judges will hear arguments tomorrow about merging the remaining buyer agent commission lawsuits.