Industry3 ways commissions lawsuits will change the industryLending changes, outside-the-box compensation options and some amount of agent attrition are likely outcomes, say T3 Sixty executives.Dave GallagherDecember 20, 2023
By the NumbersZillow users loved small Northeastern towns this yearSmall cities in New Hampshire and Connecticut dominated the search portal's most popular markets for 2023.AJ LaTraceDecember 19, 2023
By the NumbersOptimism growing among builders, mortgage industry The latest NAHB survey shows improving builder confidence, and even Fannie Mae’s more bearish economists see a recovery ahead.Dave GallagherDecember 19, 2023
MLS/AssnThe Ten: MLS leaders bond over industry shifts — and Sammy Hagar?Art Carter and Brian Donnellan, CEOs of the nation’s largest MLSs, are pals as well as colleagues, walking the talk of collaboration in challenging times.Stephanie Reid-SimonsDecember 19, 2023
IndustryDOJ still not satisfied with proposed MLS PIN settlementThe Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.Dave GallagherUpdated December 20, 2023
BrokeragesJason Gesing steps away from eXp boardThe former eXp CEO is resigning from the company’s board and reported selling 60,000 shares of company stock last week.AJ LaTraceDecember 18, 2023
By the NumbersWhat happens with mortgages if there’s a recession?Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.AJ LaTraceDecember 18, 2023
BrokeragesTrends 2024: 6 things brokerage leaders should do as buy-side shifts loomAs lawsuits over agent compensation multiply, it’s important for leaders to assess agreements, training and how buyer agency adds value to their business.T3 SixtyDecember 18, 2023
BrokeragesBrokerage Beat: News from Real, C21, The Agency, moreMatt Lionetti leaves The Agency for Real; Century 21 firms merge in S. Carolina; The Agency expands in Long Island; eXp Luxury and eXp Canada grow; more.Real Estate News StaffDecember 16, 2023
BrokeragesCalifornia the latest state to sue MV Realty The brokerage, which has been the target of multiple lawsuits and investigations alleging predatory practices, filed for bankruptcy in September.Robert DavisDecember 15, 2023
IndustryNew Texas commissions lawsuit names more than 40 defendantsThis is the second lawsuit challenging buyer agent compensation to be filed in the state in just over a month and includes many of the same players.Dave GallagherDecember 15, 2023
TechOpendoor co-founder Eric Wu is leaving the companyWu previously stepped down from the CEO role last year and said he is now "called to get back to my startup roots."Cheryl Reid-SimonsDecember 15, 2023
BrokeragesNew details in eXp sexual assault claims revealed by New York TimesFive women told the Times that it took a lawsuit to get action on predatory behavior. A second lawsuit has been filed, and eXp said that it let “bad actors” go.AJ LaTraceDecember 15, 2023
IndustryThe Ten: Cyberattacks exposed real estate's vulnerabilities — and strengthsHacks wreaked havoc in the second half of the year. But the industry pulled together, proving that professionalism and relationships are what drive real estate.Cheryl Reid-SimonsUpdated January 2, 2024
BrokeragesBrokers in Focus: ‘There's no half doing this anymore’Laura Ellis, Baird & Warner’s strategy leader, believes changes spurred by Sitzer/Burnett will be “good for the serious, competent real estate professional.”AJ LaTraceDecember 14, 2023
By the NumbersRates fall below 7%, driving momentum in the marketThe seventh straight week of mortgage interest declines has led to more holiday season homebuying activity.Dave GallagherDecember 14, 2023
IndustryPeople on the Move at Compass, Collabra, CMLSCOO Greg Hart to leave Compass as company eliminates role; Collabra Technology taps Scott Feldman as chief revenue officer; CMLS names board members.Real Estate News StaffDecember 13, 2023
By the NumbersHome sales will bounce back in 2024, says NAR panelEconomists were optimistic about the year ahead, but noted that inflation and mortgage rates will be key factors.Dave GallagherDecember 12, 2023
TechTech Bytes: News from Follow Up Boss, CoreLogic, ClozeZillow completes acquisition of Follow Up Boss; CoreLogic introduces mortgage insights tool for lenders; Cloze integrates with design platform Canva.Real Estate News StaffDecember 12, 2023
TechEasyKnock accused of deceptive practices, hit with fineThe Massachusetts attorney general claimed the "buy-before-you-sell" company targeted financially strained homeowners through its sale-leaseback program.AJ LaTraceDecember 12, 2023