IndustryDon’t believe the doomsayers — buyer agency is here to stayFollowing the Sitzer/Burnett verdict, the internet has been buzzing about the end of buyer agency. Industry expert Russ Cofano says that's just a lot of noise.Russ CofanoNovember 4, 2023
IndustryJury sides with home sellers in commissions trialAfter less than three hours of deliberation, the jury ruled for the plaintiffs in the landmark Sitzer/Burnett trial, awarding nearly $1.8 billion. Dave Gallagher, Austin AlonzoUpdated October 25, 2024
BrokeragesRedfin leaves NAR: 'Enough is enough'In a note signed by CEO Glenn Kelman and other Redfin leaders, the company said “NAR isn’t the future.”AJ LaTraceOctober 2, 2023
MLS/AssnAllegations paint picture of sexual harassment, ‘culture of fear’ at NARA New York Times article details complaints from women about NAR and its president's “predatory” behavior.Dave GallagherAugust 26, 2023
BrokeragesKW to slash profit sharing for former agentsStarting next July, former KW agents who compete against the company will see their profit share distribution reduced from 100% to 5%. Dave GallagherAugust 22, 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
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
By the NumbersHousing market's 'about face' upended expectations for 2023Inventory levels aren't following their typical pattern, reversing predictions for the second half of the year.Dave GallagherJuly 1, 2023
BrokeragesHanna CEO chooses 'disruptive' path to retain listing controlHoby Hanna recently made waves by pulling listings from IDX — a move that effectively keeps Howard Hanna Real Estate listings off of competitors’ websites.Dave GallagherJune 30, 2023
AgentsAgents Decoded: The holidays are here — and it's OK to take a breathIt's easy to get caught up in hustle culture, but Jay Thompson says this is a great time to reset and take a day off. It might even help your business.Jay ThompsonNovember 23, 2022