IndustryWhy brokerages should care about the FTC Safeguards RuleAn update to FTC rules could impact a broad range of real estate professionals — with stiff fines for noncompliance.Robert SicilianoAugust 21, 2023
BrokeragesBrokers in Focus: 'We want fewer agents who do more business'Red Oak Realty CEO Vanessa Bergmark has clear goals for growth — and for finding and keeping great agents, no matter the market. Melissa KandelAugust 20, 2023
MLS/AssneXp agents facing 'catastrophic' Rapattoni outage get Northstar fixMore than 4,000 eXp Realty agents in 12 markets will be helped by NorthstarMLS, which has offered to assist other major companies as well.Dave GallagherAugust 19, 2023
BrokeragesBrokerage Beat: News from C21, Realty ONE, Pinnacle, Christie'sCentury 21 gains Arkansas firm, names new CEO in Chicagoland; Realty ONE enters Belize; Texas mega-team joins Pinnacle; Ansley Christie's nabs top E&V agent.Real Estate News StaffAugust 19, 2023
IndustryMortgage company, brokerage fined nearly $2 million for 'kickbacks'The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.Dave GallagherAugust 18, 2023
TechFormer Zillow CEO unveils AI-powered lead-gen assistantSerial entrepreneur Spencer Rascoff predicts real estate agents will be “one of the biggest verticals” that will use HeyLibby to turn contacts into customers. AJ LaTraceAugust 18, 2023
IndustryJudge rebuffs Chinese homebuyers’ push against Florida lawThe law, which took effect July 1, prohibits “foreign principals” from a number of countries from buying real estate in Florida.AJ LaTraceAugust 18, 2023
IndustryPeople on the Move: NWMLS CEO reveals retirement plansTom Hurdelbrink will step down in December, with NWMLS general counsel Justin Haag moving into the top spot.Real Estate News StaffAugust 17, 2023
By the NumbersMortgage interest rates hit highest level in more than 20 yearsAfter a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.Dave GallagherAugust 17, 2023
IndustryZillow scores victory in REX case ahead of trialA judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.Dave GallagherAugust 16, 2023
MLS/AssnIndustry unites to help agents shut out by cyberattackCRMLS and other organizations are offering temporary access and support to agents affected by the Rapattoni shutdown, now in its second week.Cheryl Reid-SimonsAugust 16, 2023
By the NumbersBuilder confidence slides as mortgage rates climb back to 7%After seven consecutive months of improving confidence, homebuilders were feeling less optimistic in August.AJ LaTraceAugust 16, 2023
BrokeragesGary Keller says the market has hit bottom, only way is upKeller kicked off KW’s Mega Camp with a message for agents: “If you do the work, you will have a great real estate year, regardless of the market.”Alec HarveyAugust 15, 2023
IndustryTreasury rule changes could impact high-value home purchasesNew rules intended to prevent laundering money through luxury real estate could increase costs and extend transaction times for agents and brokers.Robert DavisAugust 15, 2023
By the NumbersUpward mobility isn’t cheap for U.S. homebuyersA new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.Dave GallagherAugust 14, 2023
Industry3 things to know about REX’s lawsuit against ZillowWhen the case goes to trial next month, NAR policies on IDX feeds — which Zillow began using in 2021 — could be put to the test.Dave GallagherAugust 14, 2023
BrokeragesIndustry moves quickly to support Maui relief effortsAs the wildfire death toll rises, Keller Williams, eXp and others connect with agents, raise money and even turn an office into an emergency “command center.”Cheryl Reid-SimonsUpdated August 14, 2023
BrokeragesBridgemarq returns to profitability, but income down 90% from 2022The Canadian brokerage giant saw a much smaller drop in revenue, and agent count increased slightly.Cheryl Reid-SimonsAugust 12, 2023
MLS/AssnAgents scramble as cyberattack freezes MLSs nationwideMLS system provider Rapattoni has been down since midweek, leaving tens of thousands of agents unable to add listings and update information.Cheryl Reid-SimonsAugust 11, 2023
BrokeragesBrokerage Beat: News from E&V, Christie's, eXp, moreE&V opens new shops in SW Florida, Atlanta; Caribbean firm joins Christie's; eXp gains 82-agent team; Premier Sotheby's hires managing broker; more.Real Estate News StaffAugust 11, 2023