IndustryClear Cooperation: A lawsuit looms as the conversation continuesMauricio Umansky pledges a court fight against NAR, while Compass and Redfin CEOs take opposite sides on the policy.Stephanie Reid-SimonsSeptember 17, 2024
BrokeragesFathom settles commissions lawsuit for $2.95 millionThe cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.Dave GallagherSeptember 16, 2024
IndustryAttorneys want nearly a quarter billion of NAR, HSoA damagesUsing the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.Dave GallagherSeptember 16, 2024
IndustryInvolved in a cash sale? See if new rules affect youIn an effort to curb money laundering and other crimes, a federal agency has adopted rules for brokers and others involved in non-financed transactions.Robert DavisSeptember 15, 2024
BrokeragesBrokerage Beat: Former eXp execs launch new venture; movers in S. FloridaLeaders from eXp and two indie firms announce Realty of America; Compass loses Florida agents to The Agency and Elliman; Christie's, E&V, Corcoran expand.Real Estate News StaffSeptember 14, 2024
TechCurbio to pay $7.5 million to settle lawsuitThe pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.Stephanie Reid-SimonsSeptember 13, 2024
TechTech Bytes: News from Restb.ai, @properties, MetroList and LundyExpansion connects Restb.ai’s vision tools to nearly three-quarters of a million MLS members; productivity-focused Pipeline added to @properties “pl@tform.”Real Estate News StaffSeptember 13, 2024
Industry‘Unfiltered’: ‘Smashing the system’ won’t benefit buyersWatch the conversation with Gary Acosta, CEO of NAHREP, as he offers a candid view of the NAR settlement, which he says gives sellers power — but at great cost.Real Estate News StaffSeptember 13, 2024
MLS/AssnExclusive listings on the MLS? Here’s how Bright is doing itThe nation’s second-largest multiple listing service has been making it easier to enter the data (and keep it private). Is this the wave of the future?Stephanie Reid-SimonsSeptember 13, 2024
AgentsNAR offers new advice for sellers on agent compensationWith industry rule changes now in effect, the National Association of Realtors has been doubling down on education and outreach to buyers and sellers.AJ LaTraceSeptember 12, 2024
By the NumbersMortgage rates flirt with 6% — your move, FedThe downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.Amie FisherSeptember 12, 2024
MLS/AssnNAR discrimination suit now a federal caseAn amended complaint by a former project manager adds new claims and details to sexual harassment, discrimination and retaliation allegations.Stephanie Reid-SimonsSeptember 12, 2024
BrokeragesNextHome settles commissions copycat caseTerms of the deal — which still requires a judge’s OK — were not revealed. Meanwhile, the settlement fund for Sitzer, Moehrl and Gibson is nearing $1 billion.Stephanie Reid-SimonsSeptember 11, 2024
AgentsSellers willing to pay buyer agents — but not in all marketsAgents are talking about compensation “in more depth than ever before” and clearing up a lot of confusion as agent fees stay “mostly the same,” Redfin found.Amie FisherSeptember 11, 2024
BrokeragesClear Cooperation: ‘Imperative’ or legal risk?The future of private listings and MLS integrity is at stake as a key NAR committee meets this week to hear arguments about keeping — or scrapping — the policy.AJ LaTraceSeptember 11, 2024
IndustryNAR doing a good job, associations say; MLSs aren’t so sureA recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.Stephanie Reid-SimonsSeptember 10, 2024
IndustryRevise or remove Clear Cooperation, most industry pros sayAccording to a recent WAV Group poll of real estate professionals, only 28% want to keep the policy as-is, with many citing concerns over litigation. AJ LaTraceSeptember 10, 2024
By the NumbersAgents, here’s some motivation for uncertain buyersA bright spot in a tough market? The best time to buy in 2024 — and save upwards of $14,000 — is just weeks away, says Realtor.com.Amie FisherSeptember 10, 2024
By the NumbersRecord share of consumers expect mortgage rates to fallA Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.Amie FisherSeptember 9, 2024
BrokeragesRedfin expands pay plan across the USThe brokerage will be offering its Redfin Next commission-split plan to agents in all markets starting Oct. 27, a year after it unveiled the pilot program.Dave GallagherSeptember 9, 2024