BrokeragesRedfin to pay $9.25 million to settle commissions casesThe company is the 10th brokerage to agree to pay into a settlement fund, which is approaching $1 billion.Dave GallagherMay 6, 2024
AgentsAgents Decoded: Want to prove your value? Bone up on assumable mortgagesMortgage assumptions aren’t new, but they’re about to get a lot more popular because the math works for both sides of the closing table.J. Philip FarandaMay 6, 2024
Brokerages‘Standing still is not enough’ says Anywhere’s Sue YannacconeYou may not have every answer — and legal threats still loom — but you must keep moving forward with consumers in mind, the industry leader advised her peers.Stephanie Reid-SimonsMay 5, 2024
TechTech Bytes: News from Remine, CubiCasa, Supra, Lone Wolf, moreNew CEO at Remine; CubiCasa adds products; Supra unveils new platform; NNRMLS teams with Lone Wolf; Listing Showcase expands; news from Cloze, Lundy, Vestaplus.Real Estate News StaffMay 4, 2024
BrokeragesBrokerage Beat: News from E&V, Corcoran, Side, Real, moreE&V opens in Mexico City; Corcoran gains 3 NFL pros; Side adds teams; largest woman-owned firm joins Real; William Raveis acquires S.C. indie; eXp Canada grows.Real Estate News StaffMay 4, 2024
TechCoStar CEO on Matterport deal: Virtual tours, real advantageAndy Florance discusses the “transformative technology” and his plans to rapidly expand the company while rolling out generative AI features later this year.AJ LaTraceMay 4, 2024
IndustryNAR clarifies new rules for MLSs, agents — and extends deadlineThe organization has revised its MLS handbook and beefed up its FAQ to help explain what’s changing, while giving NAR members until Aug. 17 to comply.Dave GallagherMay 3, 2024
IndustryOpendoor beats forecasts, ramps up home purchasesEven as revenue fell sharply year-over-year, the iBuyer sees an opportunity to “shape the future of real estate” by giving consumers more options.Cheryl Reid-SimonsMay 2, 2024
BrokeragesRE/MAX sees dip in revenue, agents in first quarterFollowing a series of leadership changes, the company is focusing on cutting expenses as it navigates the tough real estate market.Dave GallagherMay 2, 2024
By the NumbersMortgage rates keep climbing. Will buyers give up?Rates are likely to stay higher for longer, but as inventory builds, pent-up demand and more home choices could entice buyers — if they can afford it.Dave GallagherMay 2, 2024
IndustryNegotiation will be the most essential skill for buyer agentsOnce new rules go into effect — between July and September — agents will need to embrace “the new regime” to avoid liability, and to ensure they get paid. Dave GallagherMay 2, 2024
BrokerageseXp hopes to stem agent losses with rev share updatesDuring an earnings call, Glenn Sanford said he wants to help agents “in the middle,” while noting that revenue was up and touching on the commissions lawsuits.Dave GallagherMay 1, 2024
IndustryZillow revenue up thanks to big gains in rentals and mortgagesThe company reported better-than-expected revenue of $529 million in Q1 — a 13% improvement from a year ago — and hinted at further monetizing its audience. AJ LaTraceMay 1, 2024
TechLeveraging real estate tech to boost profitsThe Tech 200 highlights a range of products from 138 companies, with a focus on increasing productivity — and revenue — in a tight market.Robert DavisMay 1, 2024
BrokeragesHomeServices faces new buy-side commissions suit in FloridaThe filing comes just days after the company settled similar cases brought by sellers. The firm maintains its practices were “lawful and procompetitive.”Cheryl Reid-SimonsMay 1, 2024
Industry5 brokerage settlements receive preliminary approvalFirms that settled in the Gibson/Umpa case in March and April will have until later this year to finalize the agreements, but more than 20 defendants remain.Dave GallagherApril 30, 2024
AgentsDallas agent breaks his own world record for home salesBen Caballero isn’t slowing down. After landing in the Guinness book three times in his 62-year real estate career, he has achieved a new record.Cheryl Reid-SimonsApril 30, 2024
IndustryZillow offering 7-day ‘touring agreement’ for agentsThe NAR settlement does not address home search portals, but Zillow wants to make it easier for buyers to try out an agent in a way that aligns with new rules.Dave GallagherApril 30, 2024
IndustryPeople on the Move: eXp promotes growth leaders; CB names marketing VPeXp elevates seven executives to support growth and agent success; Coldwell Banker brings on luxury marketing pro.Real Estate News StaffApril 30, 2024
BrokeragesKW CEO on emerging from the wilderness, looking to the futureMark Willis returned to Keller Williams after a 7-year hiatus, and he’s ready to lead in a new way. “It’s not about proving myself. It’s about impact.”Dave GallagherApril 30, 2024