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
BrokeragesBrokerage Beat: News from Real, The Agency, ERA, eXp, Coldwell BankerMore than a dozen new offices for Real; The Agency expands in Texas and The Hamptons; ERA adds Colorado affiliate; Briko and iList join eXp; a return to CB.Real Estate News StaffApril 6, 2024
AgentsBeverly Hills agent and TV veteran remembered as ‘a force’Jennifer Berman most recently served as COO of Direct Offer and was a cast member on the CNBC series “Listing Impossible.”AJ LaTraceApril 5, 2024
MLS/AssnDOJ can reopen its investigation into NAR, appeals court rulesRuling could lead to further changes in industry practices by allowing the Department of Justice to revisit an antitrust case originally settled in 2020.Dave GallagherApril 5, 2024
BrokerageseXp Realty promotes Leo Pareja to CEOThe brokerage giant announced that its chief strategy officer will assume the CEO role, taking over from founder and eXp World Holdings CEO Glenn Sanford.AJ LaTraceApril 5, 2024
TechUnderstanding online lead generation in the age of AIA new study from T3 Sixty and PrimeStreet surveyed brokerages on their lead-gen practices and use of online and AI tools. The latter has produced mixed results.AJ LaTraceApril 4, 2024
By the NumbersMortgage rates remain steady, but for how long?Mortgage rates ticked up slightly this week, but have stayed in a narrow range throughout 2024. Upcoming economic reports could test this period of stability.Dave GallagherApril 4, 2024
By the NumbersPrice cuts hit a five-year highThere are more green shoots for would-be home buyers this spring as inventory grows to its highest point since 2020, according to Realtor.com’s monthly report.Dave GallagherApril 4, 2024
BrokeragesKeller Williams hit with another telemarketing class-actionAfter reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.Dave GallagherApril 3, 2024
BrokeragesCompass acquires longtime New Orleans independent Latter & BlumThe acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.AJ LaTraceApril 3, 2024
By the NumbersA resurgence of first-time buyers, and a look at agent payNAR’s annual generational trends report examines buyer and seller characteristics and dives into their needs — and how they compensate agents.Dave GallagherApril 3, 2024
IndustryPeople on the Move: Promotions at JPAR, Realty ONE; MLS Now names CEOJPAR 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.Real Estate News StaffUpdated April 6, 2024
By the NumbersNortheast and Midwest markets are still sizzling hotThe regions continue to see significant price growth and elevated buyer activity, but national price growth is expected to slow this year as supply increases.AJ LaTraceApril 2, 2024
BrokeragesBuyer agreements work, sellers still willing to pay: Baird & WarnerLaura Ellis, chief strategy officer at the Chicago firm, says part-timers may not make it in the post-settlement world, but serious agents will excel.AJ LaTraceApril 2, 2024
BrokeragesHomeServices responds to massive damages requestThe firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.Dave GallagherApril 1, 2024
IndustryJames Dwiggins: Industry innovator, podcast provocateurThe 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. Nicole BrodeurApril 1, 2024