MLS/AssnNorthwest MLS criticizes DOJ commissions stanceThe 35,000 member multiple listing service calls the DOJ’s statement of interest an “ill-informed” interpretation of its compensation practices.Dave GallagherMarch 27, 2024
BrokeragesBuyer agents: Explain yourselvesBrokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.Cheryl Reid-SimonsMarch 27, 2024
IndustryHerding the commissions copycats: Judges to hear argumentsEven as settlements continue to roll in, a panel of judges will hear arguments tomorrow about merging the remaining buyer agent commission lawsuits.Dave GallagherMarch 27, 2024
IndustryCalifornia homeowners face another insurance company pulloutState Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew thousands of existing policies starting in July.Robert DavisMarch 27, 2024
IndustryJudge says Sitzer/Burnett will remain a class actionHomeServices of America’s decertification request was denied, and the case will now shift to other post-verdict motions, including a request for a new trial.Dave GallagherMarch 26, 2024
By the NumbersIt's cheaper to rent than buy in nearly every big cityA new report from Realtor.com looks at the cost gap between renting and owning and finds that many markets are now significantly more favorable to renters.AJ LaTraceMarch 26, 2024
Industry2019 commissions case now on track for January trialThe Moehrl suit, like Sitzer/Burnett, was filed 4 years ago and has just one defendant left: HomeServices of America, which hasn't chosen to settle.Dave GallagherMarch 26, 2024
BrokeragesKW hit with $250M lawsuit over profit sharing reductionsA former Keller Williams agent argues that the brokerage doesn’t have the right to retroactively alter the program — and now 4 more cases have been filed.Dave GallagherUpdated April 2, 2024
By the NumbersNew home sales cool, but still up nearly 6% annuallyThe inventory of new homes remains elevated, helping offset the low levels of available existing homes.Dave GallagherUpdated March 26, 2024
BrokeragesKW leaders send message of calm at Open House Nothing is changing yet, and when change does come, it won’t eliminate buyer agents or cooperative compensation. ‘‘No one can force you to work for free.”Cheryl Reid-SimonsMarch 25, 2024
AgentsTop tips to take some of the bite out of taxesTax time can be confusing for agents, but tracking mileage, making quarterly payments and hiring an accountant can pay off. A veteran CPA explains.Cheryl Reid-SimonsMarch 25, 2024
Industry3 emerging AI scams that need to be on your radarCriminals are using more sophisticated tactics and tools to defraud real estate professionals including brokerages and lenders.Robert SicilianoMarch 24, 2024
MLS/AssnThese MLSs could be on the hook for $34 millionThe 30 broker-owned or hybrid MLSs not covered by NAR’s settlement agreement must decide whether to pay into a settlement fund, request mediation, or fight on.Dave GallagherMarch 23, 2024
AgentsAgents Decoded: Burned out? It’s time to slow downConstantly reacting to real estate market whiplash — or industry-shaking news — takes a toll, and veteran agent Jill Leberknight suggests a different approach.Jill LeberknightMarch 23, 2024
BrokeragesBrokerage Beat: News from Corcoran, C21, The AgencyNYC team returns to Corcoran from Elliman; Century 21 adds affiliate in Salt Lake City area; The Agency opens third Nevada office.Real Estate News StaffMarch 23, 2024
IndustryNAR settlement could ‘force innovation,’ and other reactionsNAR's president and other industry leaders continue to share thoughts, concerns and encouragement in the wake of the association's landmark settlement.AJ LaTraceMarch 22, 2024
IndustryPeople on the Move: Realty ONE elevates 5 women execsThe internal promotions will help “drive our brand into a new era of growth and success,” said the company’s founder and CEO.Real Estate News StaffMarch 22, 2024
BrokeragesCompass agrees to $57.5 million settlement in commissions suitsThe first of 90-plus brokerages not included in the NAR settlement reaches a deal that includes changes to its business practices as well as a monetary payout.AJ LaTraceMarch 22, 2024
MLS/AssnEmerging agent association sees opportunity following NAR dealNAR’s settlement — and the emotions surrounding it — could lead more agents to consider trading in their membership for something new.AJ LaTraceMarch 22, 2024
BrokeragesRedfin brings new agent pay model to 7 more marketsRedfin Next, which offers “competitive splits” while continuing to provide agents with employee benefits, has expanded to major markets across the U.S.AJ LaTraceMarch 21, 2024