A group of four Florida-based MLSs–realMLS, St. Augustine and St. Johns County Board of REALTORS®, Space Coast Association of REALTORS® and Daytona Beach Area Association of REALTORS® have announced a collaborative endeavor to synchronize data fields with the RESO (Real Estate Standards Organization) Data Dictionary to enhance efficiencies for both members and technology partners. The… […]
Windermere Real Estate announced the appointment of Jeff Tucker as the company’s new Principal Economist. Tucker has 10 years of professional experience as an economist, including over five years at Zillow, as well as Amazon, AirDNA and in economic consulting. While at Zillow, Tucker stated that he researched housing market trends, authored economic outlook reports… […]
Planitar Inc.—makers of iGUIDE, a proprietary camera and software platform for capturing and delivering 3D virtual tours and property data—and FBS—the leading innovator of MLS technology and creator of the Flexmls Platform—announced a strategic partnership and platform integration. This integration will connect iGUIDE’s technology to the Flexmls Platform enabling Flexmls users to seamlessly upload iGUIDE… […]
The August issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at how Buffini & Company and Realtor.com® are addressing buyer agency in their organizations: training and supporting their agents. In addition, we take a look at Homes.com and Realtor.com’s clash to… […]
In June, pending home sales saw a spike, rising 4.8%, according to new data released by the National Association of REALTORS® (NAR)—a turnaround from three consecutive months of decline. Mortgage rates “fell through the month, dipping below 7% and continuing to fall to 6.86% by the end of the month,” explained Realtor.com® Sr. Economic Research… […]
Jamar Taylor was gifted with undeniable talent—speed and agility that many across the world would give anything to attain. The nine-year National Football League (NFL) veteran found great success with the sport, in highschool at Helix out of La Mesa, California, in college at Boise State and eventually in the NFL with seven teams. Growing… […]
Homebuyers and sellers now have grounds for challenging property appraisal values, thanks to new guidelines adopted by federal regulators. The new guidelines standardize the process for “reconsiderations of value” (ROVs) for residential properties to give consumers a fairer shot at disputing an appraisal they believe is inaccurate, according to a joint press release from the… […]
Mortgage applications decreased for the second week, down 3.9% from last week’s decline of 2.2%, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending July 26, 2024. But recent patterns of ups and downs, along with “bursts of refinance activity” indicate buyers may be holding out for… […]
If you’ve ever seen one of HomeServices of America CEO Gino Blefari’s motivational sessions at a real estate industry event, you probably left feeling reinvigorated, reinvested and inspired to make positive changes not only in your business, but maybe in your personal life as well. This past year has been a newsworthy one for the… […]
Real Estate Webmasters is offering complimentary website design consultations led by their Head of Marketing, Amy Pye. This unique opportunity is designed to help real estate professionals elevate their online presence through personalized, real-time design sessions. Creativity with expert guidance REW stated that each consultation includes a free, one-hour real-time session with Pye, who will… […]
Motto Mortgage has opened a new office in Fargo, North Dakota—Motto Mortgage Premier Pros is now open serving all markets throughout the Peace Garden State. Motto Mortgage Premier Pros was established by Jared Blankenship and Robert Leslie, who the company stated bring a wealth of knowledge to the new brokerage with more than three decades… […]
In May 2024, the California Regional MLS (CRMLS) launched a new feature on its website called, “Concessions in Price.” This allowed listing agents to input and advertise the concessions, and contributions to the buyer’s cost burden, that their seller is willing to make. There were three value fields: a simple “yes or no” indicating if… […]
United® Real Estate has announced a merger today between United Real Estate | Dallas and REAL Dallas Properties & Management, adding 70 agents to United’s Dallas operations and expanding its North Texas presence to more than 800 agents. The company says in this move, REAL Dallas Properties will transition from a brokerage commission-split model to… […]
CoStar Group’s application to expedite discovery in the data-theft lawsuit filed against them by Move, Inc. (Realtor.com®’s parent company) has been granted by the court. Judge George H. Wu granted the application after hearing oral arguments yesterday. Wu also granted CoStar’s request for a hearing in late September. “We are delighted that the Court rejected… […]
Home prices continue to soar, as a dearth of inventory and a resilient economy help prop up demand for new homes in the face of affordability challenges, with the S&P CoreLogic Case-Shiller Index hitting another all-time high last month even as gains slow. Nationally, home prices rose 5.9% year-over-year and 0.3% from May, and have… […]
Above, Marie Espinal, left and Jeff Adler Manhattan team leaders Marie Espinal and Jeff Adler, newly associated with Corcoran Group’s Park Avenue South office, bring with them 15 years of successful partnership, a lifetime sales volume of almost $3 billion, and a playbook of finely honed real estate strategies designed to forge long-term client relationships.… […]
Curbio announced its partnership with the National Association of REALTORS® as the newest partner of NAR REALTOR Benefits®. Through this collaboration, NAR members gain access to Curbio’s turnkey home improvement service, which provides real estate agents a simple way to get listings ready for sale, with no payment from sellers until closing. “We are thrilled… […]
Homesellers must understand how market conditions impact your listing contract terms. It can determine the success of your property sale and the financial outcome. I have put much effort into educating you on what you should know about listing agreements as they relate to the current market: The different types of listing agreements and how… […]
Above, Andy Florance At the new Homes.com, we always present the listing agent and only the listing agent on any home for sale on our site. Our philosophy is that the leads on an agent’s listings are theirs alone and not anyone else’s to pilfer and sell. This is not a new principle for us.… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Outside of the realm of the ever-trending commission lawsuits in the industry, other legal conflicts continue to arise and develop in the real estate sphere. Here’s a look at what legal news developed… […]
The National Association of Home Builders (NAHB) called on Congress this past Wednesday, July 24, to address two key policies that will notably escalate costs for home buyers and renters: the federal push to mandate costly and restrictive national energy codes and the Biden administration’s recent proposal to cap rent increases at 5%. Testifying during… […]
When you work on a team, meetings are an important part of your toolkit to succeed. They serve as a way to bring teammates together for idea-sharing, knowledge gathering, relationship building and to make critical decisions. But it’s imperative that your meetings have structure and purpose in order to make them beneficial for your business… […]
Editor’s Note: Real Talk is an ongoing video series featuring Joe Skousen, founder and CEO of Inside Real Estate, who interviews industry leaders regarding the outcome of the Burnett vs. NAR trial as well as NAR’s settlement, along with other pressing issues affecting residential real estate. Episode #2 James Dwiggins Co-Founder and CEO NextHome, Inc.… […]
Restb.ai has debuted a new “Special Report Series” to unlock unique visual insights provided from Restb.ai’s proprietary AI models. The inaugural report is the first-of-its-kind study to examine the impact of floor plans on Days on Market (or DOM). Restb.ai’s study examined 100,000 single-family properties listed between May 1, 2023, and April 30, 2024, across… […]
With President Biden bowing out, and Kamala Harris now the likely Democratic nominee for the 2024 presidential election, real estate practitioners will want to know where she stands on key housing issues. After all, it’s hard to understand a leader without understanding the context of her career (Harris didn’t just fall out of a coconut… […]
What region of the country is seeing the most booming real estate market? While the South seems to be the obvious answer currently—with lower taxes and booming industries a natural draw to homebuyers—data suggests 17 out of 20 Sun Belt states are actually overvalued, a tell that a market at least isn’t cold. Research by… […]
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. -A rule to create more standards and quality controls for automated value models (AVMs) that are used in mortgages was finalized earlier this month. The changers were originally championed by Vice President Kamala Harris in… […]
The personal consumption expenditures price index (PCE) increased 0.1% in June (slightly up from May’s 0% monthly change) and was up 2.5% from a year ago, according to estimates released by the U.S. Bureau of Economic Analysis on July 26, with the annual rate showing a slight decline from the prior month. The results bode… […]
Consumers continued to keep their economic hopes in check in July, as sentiment readings continue to slowly decrease. Consumer sentiment fell 2.6% in July, from 68.2 in June to 66.4, according to the University of Michigan’s latest report. This is the fifth straight month of decreases, with a 0.5% decrease in March, a 1.9% fall in… […]
James Kaminsky, the former Realtor.com® and current CoStar Group employee in the middle of a data-theft lawsuit between two real estate portal giants, Realtor.com (owned by Move, Inc.) and CoStar’s Homes.com, on July 25 provided his side of the story in a court filing, writing that while he did access documents and information from Move,… […]
Above, Kimberly Harris Campbell and Kate Reisinger RISMedia’s 36th Annual CEO & Leadership Exchange, set to unfold September 4 – 6 in Washington, D.C., promises to be an unrivaled convergence of industry luminaries and thought leaders—with a star-studded lineup of speakers who demonstrate the depth of expertise and insight crucial to addressing some of the… […]
This week’s blog is sparked by my recent experience at the Mike Ferry Superstar Retreat in Las Vegas, NV—an annual event that not only gathers the crème de la crème of the real estate world but also serves as a potent reminder of the foundational practices that fuel success. Immersed in the electrifying atmosphere of… […]
Century 21 Real Estate LLC is fortifying the brand’s presence in the San Francisco Bay area with its latest affiliation of long-standing, multi-office firm Bay Realty, which previously affiliated with the brand in 2004. The company consists of two offices, one just east of San Francisco proper in Berkeley and the other in San Ramon.… […]
Evaluating multiple offers on your house can be overwhelming. While the price is crucial, other factors significantly impact the final decision. I have put significant effort into providing the best guidance on how to evaluate an offer to purchase in real estate sales: Key considerations beyond the offer price How financing terms affect the sale… […]
In my previous article, we explored the challenges of the mid-career plateau (agents stuck between $5.1 to $15 million in annual production), the importance of overcoming indecisiveness and making strategic investments, such as hiring an assistant. Now, let’s dive deeper into advanced strategies to propel your real estate career beyond the mid-career plateau and into… […]
On July 24, one day after CoStar Group asked a judge in the U.S. District Court in California for an order for expedited discovery in its continuing legal conflict with Move, Inc., the parent company of Realtor.com, Move responded with its own filing, asking Judge George H. Wu to deny the request. The case revolves… […]
Editor’s Note: The Buyer-Agent Playbook is a new iteration of RISMedia’s biweekly Playbook segment, specifically centering on buyer agency and how agents are navigating the changes and trends in a post-NAR-settlement environment. The series will provide brokers and agents with insights and information to ensure they not only survive, but thrive in these challenging times.… […]
Motto Mortgage has announced a new office in Jacksonville, North Carolina. Motto Mortgage Experience is now open and serving all markets throughout the Tar Heel State. Motto Mortgage stated that its Experience office was established by Reva Sullivan, who also owns HomeSmart Connections real estate firm. The company stated that Sullivan is a seasoned entrepreneur… […]
CoreLogic, a leading national firm reporting on property intelligence and U.S. housing marketing knowledge, is regularly sourced in the media for its monthly Home Price Index (HPI), Single Family Rent Index (SFRI) and many more ongoing market research analysis and reporting. The firm also recently announced a new MLS service for homeownership called OneHomeowner™, which… […]
The 30-year fixed-rate mortgage (FRM) flattened this week, from last week’s average of 6.77% to a current average of 6.78%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.78% as of July 25, 2024, up slightly from last week when it averaged… […]
Uncertainty continues to plague the sale of REcolorado, one of the largest MLSs in the country, with a second prospective buyer petitioning for a chance to acquire the MLS as the two REALTOR® associations behind the sale push forward, despite significant misgivings and continued questions about the people behind the unprecedented sale. A letter obtained… […]
OneKey® MLS has announced a partnership with Sidekick, the generative AI assistant designed to elevate the productivity of real estate professionals. This collaboration introduces Sidekick’s advanced integrated datasets and AI-powered workflow tools to more than 45,000 OneKey MLS REALTORS® across the New York metropolitan area. Launched in November 2023, Sidekick stated it has quickly become… […]
In a court filing July 23, CoStar Group has asked a judge for an order for expedited discovery in its legal conflict with realtor.com parent Move, Inc. Included in the filing is that James Kaminsky, the CoStar employee formerly employed by Move, who Move claims improperly accessed proprietary information to be used by CoStar, has… […]
JPAR® – Real Estate announced a significant reduction in its cap fee model, effective immediately. JPAR stated that the reduction in cap fees, from 23 to 16 sides—the lowest since 2016—is particularly beneficial for agents committed to their real estate careers, as it reduces agent transaction fees to less than $10,000 annually. This initiative provides… […]
Rent prices continued to drop for the 11th straight month this June, according to the latest data from Realtor.com®. Despite continued decreases, however, rents remain elevated from the pre-pandemic levels of 2019. Realtor.com’s Rental Report for June found that overall rents decreased by 0.4% to $1,743—0.6% ($11) below the August 2022 peak. Breaking down the… […]
Despite the most recent drop in average mortgage rates, mortgage applications decreased this week, down 2.2% from last week’s 3.9% uptick, according to the latest Weekly Applications Survey from the Mortgage Bankers Association (MBA) for the week ending July 19, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume,… […]
Sales of single-family homes in June were 0.6% below the May rate of 621,000, reaching a seasonally adjusted rate of 617,000, according to data released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is significantly below—7.4%, specifically—June 2023’s estimate of 666,000 new-home sales. Spencer Hakimian, founder of Tolou Capital… […]
CoStar Group, the commercial real estate heavyweight that is making waves in residential spaces, announced in an earnings call July 23 that revenue for the quarter ended June 30, 2024 was $678 million, up 12% over revenue of $606 million for the quarter ended June 30, 2023. Net income was $19 million in the second… […]
Above, Dave Karoly Dave Karoly Vice President of Sales & Operations, REALTOR® Lamacchia Realty Waltham, Massachusetts https://www.lamacchiarealty.com Region served: New England and Fort Lauderdale Years in real estate: 17 Number of offices: 17 Number of agents: 600 Best tip for getting the right listing price: Stop telling sellers the price. Instead, provide the guidance so… […]
Six federal agencies—including the Consumer Financial Protection Bureau (CFPB), the Federal Housing Finance Agency (FHFA) and the Federal Deposit Insurance Corporation (FDIC)—recently announced a new standard of quality controls for automated valuation models, or AVMs, as used by mortgage originators and secondary market issuers. AVMs are algorithms that can estimate a property’s value using large… […]
Century 21 Real Estate LLC. continues to fortify the brand’s presence in the Empire State with its latest affiliation of veteran-owned Herman & Co. Real Estate based in Staten Island. Since the brokerage’s founding in 2004 by current broker/owner, Herman Herrera, it has been responsible for over $1 billion in sales volume throughout Staten Island… […]
Interest rates may be seeing their first cut this fall, possibly even as soon as September, according to the National Association of REALTORS®’ (NAR) Chief Economist Lawrence Yun. Yun shared this prediction and more during NAR’s recent Residential Real Estate Forecast Summit for 2024. The biggest question looming on many in the industry’s minds is,… […]
Brian Buffini, chairman and founder of Buffini & Company, hosted his Bold Predictions Mid-Year 2024 Real Estate Market Outlook on Monday, July 22, where he was joined by the National Association of REALTORS®’ (NAR) Chief Legal Officer Katie Johnson for a closer look at what’s taking place behind the numbers in real estate. Buffini and… […]
Back in January, the National Association of REALTORS® (NAR) agreed to extend the statute of limitations in a pocket-listing lawsuit, court documents revealed, with a lawyer representing the REALTOR® organization telling a judge in a separate case last week that NAR needed time to decide if it was “amenable” to repealing or amending the Clear… […]
The real estate industry is facing rapid changes and uncertainties. The recent National Association of REALTORS® (NAR) settlement and lawsuits alleging price fixing and artificial inflation have sent shockwaves through the sector. The decoupling of buyer and seller commissions further complicates the landscape, necessitating a reevaluation of how we establish and maintain value. One thing… […]
Existing-home sales were down again in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the latest data released Tuesday from the National Association of REALTORS®. The median existing-home price for all housing types in June was $426,900, up from $419,300 last month and… […]
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In today’s dynamic social media landscape, trends evolve faster than a market listing. Staying ahead of the curve is more than just a good strategy—it’s essential for survival.… […]
Buffini & Company is launching a new training program for real estate professionals to win business as they face the new rules of real estate. The company stated the new Certified Full-Service Professional (CFSP) designation training program is aimed at helping real estate professionals attract and keep customers, communicate their unique selling proposition and stand… […]
Century 21 Real Estate LLC. is fortifying the CENTURY 21® Brand’s presence in the Pacific Northwest with its latest affiliation of Blue Chip Realty based in University Place. The four-year-old brokerage was founded by current broker/owner and Tacoma native Greg Pubols. Pubols started his professional career as a Certified Public Accountant before transitioning into real… […]
Negotiating offers on your home can be challenging yet rewarding. My guide will help you navigate this crucial phase, ensuring you get the best deal possible. I have put significant effort into explaining the following points in detail: Step-by-step negotiation tactics for homeowners How market conditions impact your negotiation strategy Effective methods for handling multiple… […]
A district court judge is allowing a lawsuit by a pocket listing company that was previously dismissed to go forward, after an appeals court in a separate case overturned the dismissal. The case titled Top Agent Network v. National Association of REALTORS et al, which is focused on “clear cooperation,” was originally filed back in… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. The latest legal proceedings ranged from class-action lawsuits targeted specifically at the real estate industry to wide-ranging national decisions that will include housing in its wake. NAR’s petition for rehearing with DOJ has… […]
CoreLogic® has announced the release of a new MLS service for homeownership called OneHomeowner™. The service allows agents to invite homeowner clients to a private home portal where they can manage their home. “Today’s clients have portals to manage their healthcare, personal finances and education, but there isn’t anything to manage their home,” said Kevin… […]
Howard Hanna Real Estate Services has announced the launch of its new Buy & Borrow Bundle program. This initiative is a move to underscore the Hanna family’s commitment to making homeownership achievable for individuals across the country. The company stated it designed the Buy & Borrow Bundle program to streamline the home-buying process, offering comprehensive… […]
To address what they say is a cluttered and fragmented real estate technology landscape, Delta Media Group has released a new industry white paper, titled, “Future-Proofing Your Real Estate Brokerage: Why An All-In-One Platform Is Essential For Long-Term Success,” available now from Delta Media on its website. In a release issued Monday, Delta Media argues… […]
When Robert Palmer, founder and CEO of LPT Holdings and LPT Realty, and Michael Valdes, then the chief growth officer of eXp Realty, first met in Tampa Bay at CoStar Group CEO Andy Florance’s Super Bowl suite networking party last February, they hoped to do what most do at such events—enjoy the action on the… […]
Size Doesn’t Matter. That could well be the slogan for the Randy Dyck-led Eximus Real Estate Team in Canada. The brokerage, aligned with eXp Realty, has flexed over the years from four to 28 agents, with six currently on board. Dyck, president and leader, has overseen broad success over the years since starting the team… […]
While the rate at which home prices are continuing to grow is slowing down in markets across the country, they’re still registering at record-high levels in many areas throughout the U.S. The last time home prices faced such pressing affordability numbers was right before the Great Recession, from 2007 to 2009, which brought an extreme… […]
North Carolina Regional MLS (NCRMLS) has announced its expansion into Georgia with the strategic additions of Savannah MLS, Athens Area Association of REALTORS® & CLASSIC MLS and the REALTORS® of Greater Augusta. This strategic move marks a significant milestone for the real estate industry in the Southeast, solidifying NCRMLS’s position as one of the region’s… […]
Chicago-based Leading Real Estate Companies of the World® (LeadingRE) has announced that Tripti Kasal has joined its leadership team as senior vice president, member engagement. In this newly created role, Kasal will head LeadingRE’s U.S. membership services team, focusing on increasing member engagement across all programs for the global network of 550 quality real estate… […]
As the commission lawsuits play out in court, the time to start revamping your firm’s approach to buyer agency is yesterday. From buyer contracts and presentations to educational and marketing materials, real estate leaders will be sharing hands-on strategies for preparing your buyer agents to do business safely and successfully in an upcoming panel at… […]
Divorce is a challenging time and selling a home adds complexity. My guide offers a step-by-step approach to preparing your house for sale during a divorce, addressing legal, financial and emotional considerations. I have put considerable effort into educating you on the following topics: How to navigate the legal considerations of selling a home during… […]
As a real estate agent, you know the potential of pre foreclosure leads, divorcees, failed listings, etc. But what if there are untapped niches with less competition and the same worthwhile returns? In a crowded market, discovering under-served niches can set you apart and help boost your odds of resonating with your prospects. Let’s explore… […]
Real Estate Webmasters has announced the launch of their latest CRM. The company stated that this new release propels them to the forefront of the integrated website, lead generation and CRM market, firmly establishing them as the number one choice for real estate professionals. “When Zillow acquired Follow Up Boss, I knew it was time… […]
The 30-year fixed-rate mortgage (FRM) continued to decrease this week, from last week’s average of 6.89% to an average of 6.77% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.77% as of July 18, 2024, down from last week when… […]
United Country Real Estate has announced a partnership with Virtual Properties Realty (VPR), one of the largest real estate companies in Georgia in agent count and sales volume, to create United Country Premier Properties. According to a release, this new venture combines the expertise and innovation of United Country Real Estate with the dynamic growth… […]
The Conference Board Leading Economic Index (LEI) for the U.S., which provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term, declined by 0.2% in June, following a decline of 0.4% (upwardly revised) in May. Over the first half of 2024, the LEI… […]
Citing recent media interviews given by CoStar executives, Move, Inc.—the parent company of Realtor.com®—filed for a preliminary injunction in a California U.S. District Court on Aug. 14, asking a federal judge to “(restrain and enjoin) Defendants CoStar Group, Inc. and (former Realtor.com employee) James Kaminsky from any further unauthorized access of Move-owned files, and from… […]
The National Association of REALTORS® has announced the 12 companies participating in the Innovation, Opportunity & Investment (iOi) Summit’s Pitch Battle competition from August 28–29 in Chicago. NAR’s stated that their venture capital arm, Second Century Ventures, is set to present the live event, where each contestant will deliver a four-minute pitch on their product… […]
Above: Marki Lemons-Ryhal, Elias Astuto and Christa Ross. With the National Association of REALTORS®’ (NAR) post-settlement practice changes taking effect next month, real estate professionals are faced with the reality of having to alter the way they do business. The weight is also being felt among the coaches responsible for ensuring that the next generation… […]
With the Chevron deference now void, opinions from housing organizations and experts are split on how this might impact regulatory decision-making within the industry moving forward. Earlier this month, the Supreme Court overturned the so-called “Chevron deference,” a legal principle originally set in Chevron U.S.A. Inc. vs. Natural Resources Defense Council, Inc that allowed courts… […]
In the latest RISMedia webinar—“Buyer Agency Essentials: Strategies for Success and Compliance in the New Normal”—John Featherston, founder and CEO of RISMedia, welcomed co-moderator Joe Rand, chief creative officer for Howard Hannd | Rand Realty, and panelists Gretchen Pearson, owner and president of Berkshire Hathaway HomeServices Drysdale Properties; Kendall Bonner, team leader of The Kendall… […]
How many tomes have been written on this subject? Probably millions. Depending which stats one reviews, seems that of all the bestsellers ever written about 15-20% are on leadership. Ranked by sales, authors such as Simon Sinek and Patrick Lencioni are sure to be in the top five in this category. Rarified air indeed. Both… […]
Above, Matt Desmond Matt Desmond President and Qualifying Broker Santa Fe Properties – a member of Leading Real Estate Companies of the World® Santa Fe, New Mexico https://www.santafeproperties.com Region served: Santa Fe Years in real estate: 19 Number of offices: 2 Number of agents: 75 Favorite part of your job: Getting to work with and… […]
Motto Mortgage—RE/MAX’s mortgage franchise—has opened a new office in Nashua, New Hampshire, serving all markets throughout the state. Motto Mortgage Sail Home is now open, marking the first ever franchise office location in the state for the Motto Mortgage brand. The company stated that the new office will provide homebuyers and refinancers competitive rates and… […]
Single-family housing starts dropped in June as a result of raised interest rates for mortgages and construction and development loans, despite overall housing starts jumping 3% to a seasonally adjusted rate of 1.35 million units, according to new data provided by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.… […]
As the real estate industry braces for new rules that remove all offers of agent compensation from for-sale listings, mortgage lenders are weighing their options on how to best help cash-strapped buyers who will ultimately be responsible for paying their agent’s commission. Beginning Aug. 17, the National Association of REALTORS® (NAR) will prohibit all offers… […]
Mortgage applications rose this week as mortgage rates saw a decrease, increasing 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024. This week’s data: The Market Composite Index, a measure of mortgage loan application volume, increased 3.9% on a seasonally… […]
Foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period, according to a new report from the National Association of REALTORS® (NAR). International buyers purchased 54,300 properties, down 36% from the previous year—the fewest number of homes bought since 2009 when NAR… […]
The MOB gathered in Dallas recently at Coldwell Banker Apex for one of their twice-yearly meetings. One of the unique hallmarks of the residential real estate business is its widespread commitment to collaboration for the greater good, from the listings shared among brokerage firms to the strategies exchanged among friendly competitors. When it comes to… […]
While the homebuying journey may have ended happily for you and a new client, your work is not over. Keeping in touch with past clients for future endeavors is a crucial way agents maintain contacts that lead to new sales and referrals. One of the best ways to do that is to continue to provide… […]
High housing costs are one of the greatest burdens facing Americans today—and President Joe Biden and his administration have announced a new plan to deal with rising costs that are keeping prospective buyers from achieving the American Dream of homeownership. The proposal, first reported by the Washington Post, would institute a nationwide rule designed to… […]
Editor’s Note: Superstars in sports and celebrities in real estate is a new series highlighting either high-profile professionals who have made a career transition into real estate, or those agents who represent such high-level individuals in the sale or purchase of their luxury homes. We’ll bring you their stories, best practices, top tips and more.… […]
The National Association of REALTORS® has announced RentRedi as a new partner with NAR REALTOR Benefits®. RentRedi offers an award-winning, comprehensive property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. As part of the agreement, NAR members can receive an exclusive six-month RentRedi subscription for $1, plus… […]
Mortgage rates hovering near 7% and elevated rates for construction and development loans continued to put pressure on builder confidence in July, according to the latest National Association of Home Builders (NAHB) data. Experts feel, however, that this downward trend may soon reverse course due to bettering economic signs. The NAHB/Wells Fargo Housing Market Index… […]
In a surprising statement made during a speaking engagement at the Economic Club of Washington D.C. on July 15, Federal Reserve Chair Jerome Powell said that inflation would not necessarily have to hit 2% before interest rates are cut. This statement constitutes a major shift from previous public comments made by the Fed emphasizing the… […]
United® | Virtual Properties Realty (VPR) has announced a significant milestone—reaching 5,000 agents, posting an all-time record sales performance and a four-year agent growth rate of 35% since merging with United Real Estate in 2020. Celebrating its 25th anniversary this year, United | VPR stated it has joined the ranks of independent, non-franchised brokerages with… […]
Above: Rick Haase, President, United Real Estate United Real Estate yesterday became the latest company to settle seller lawsuits, according to a filing in federal court, while several other companies simultaneously chose to push forward and continue fighting seller commission cases, potentially indicating there is still some appetite to contest claims by recent homesellers. According… […]
In a July 12 ruling, the U.S. Court of Appeals for the District of Columbia Circuit in Washington, D.C., denied the National Association of REALTORS®’ (NAR) request for a rehearing in its dispute with the Department of Justice (DOJ). NAR and DOJ had originally reached a settlement agreement requiring NAR to increase transparency regarding broker… […]
Century 21 Real Estate has announced its third annual fundraising effort in support of local communities served by the brand’s global network of independent agents and brokers. Century 21 stated that in 2022 it reimagined its brand anniversary date as the first-ever International Day of Giving dedicated to showcasing the community giving efforts of the… […]
Selling a condo for the first time can sometimes be challenging. My guide will simplify the process and help you achieve a successful sale. I will provide you with the following helpful information to help you come out on top with your first condominium sale: How to prepare your condo for sale with a pre-sale… […]
Woodbury, New York—Two heads are almost always better than one when facing uncertainty. When facing a lot of uncertainty—for instance, when a parade of class-action lawsuits upend century-old precedent in how your industry operates—it might be better to get as many experienced minds together as possible. That was the idea at the Long Island Board… […]
Last year proved to be a difficult one for REALTORS®, a direct result of a recovering, post-COVID market that lacked inventory and housing affordability—causing existing-home sales to fall to the lowest figure since 1995. Almost a quarter (26%) of REALTORS® named these the most pressing factors limiting potential clients from purchasing a home. “Regardless of… […]
As the broker in charge at Berkshire Hathaway HomeServices Hilton Head Bluffton Realty, Christina Galbreath-Gonzalez is grateful for the resources and support the firm’s affiliation with the parent company brings—not only at a global level, but also in nurturing the growth of agents. “Our association with Berkshire Hathaway HomeServices provides an unparalleled level of global… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Here in the liminal space between when the National Association of REALTORS® (NAR) agreed to a settlement, and when that agreement will be implemented and approved, commission class-action cases have largely slowed or… […]
Reliance has expanded its website services for real estate customers under its RELIANCEai marketing engine, at the center of which is the new social advertising tool called MediaBoosterAI. This new digital advertising integration allows Reliance clients to activate ad campaigns promoting their active property listings to behaviorally targeted lists of potential buyers on both Facebook… […]
Despite recent scrutiny, the California Association of REALTORS® (CAR) has shown a willingness to take feedback and adapt ahead of fast-approaching policy changes slated to hit the industry. CAR officials announced Wednesday that 30 new and revised forms were released as part of a semi-annual standard forms update. Most notably, the real estate organization has… […]
The year was 1994. Netscape Navigator came to market, Tom Hanks portrayed Forrest Gump and we couldn’t get “The Lion King’s” “Hakuna Matata” out of our heads. It was also the year two pioneering tech companies were born: Amazon and Delta Media Group. Both tech startups would share a common lineage by building success through… […]
RE/MAX has announced the affiliation of Utah’s Stratus Real Estate Solutions to the brand.. Now operating as RE/MAX Stratus, the 60 agents with the office will continue to serve buyers and sellers throughout the Wasatch Front. Of the transition, Ernad Mehinovic, principal broker and local real estate expert, said that he “wanted to be with… […]
Harry Norman, REALTORS® has announced the launch of its Luxury Marketing Services Team, a new division dedicated to providing exceptional service to clients buying and selling premier properties in the Atlanta region and beyond. Led by Vice President of Luxury and Culture Emily Norris, Harry Norman, REALTORS® stated that this specialized marketing division underscores the… […]
Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon. As of July 11, 2024, the average 30-year mortgage rate is 6.89% (down from 6.95% the previous week). The 15-year rate is 6.17% (down from 6.25%). For mortgage rates to come down, interest rates will… […]
The mortgage market has been going through a gradual change as it adjusts to higher-for-longer interest rates. With this shift, a rising tide of higher mortgage rates has reshaped the landscape and, notably, is creating a shrinking pool of homeowners with mortgage rates below 5%, according to the July ICE Mortgage Monitor Report. That means… […]
In today’s complex and competitive real estate market, ongoing training and coaching is crucial for professionals aiming to succeed and stand out. In addition to equipping real estate professionals with the necessary tools to refine their skills, improve service delivery and enhance their negotiation capabilities, prioritizing training and coaching is essential to maintaining relevance and… […]
During the first half of 2024, 177,431 properties in the U.S. had foreclosure filings, according to the Mid-Year 2024 U.S. Foreclosure Market Report from ATTOM Data. This figure represents one in every 794 housing units in the United States. These rates are down 4.4% from where foreclosures were in 2023—but up 7.8% from where they… […]
With the coming changes no longer allowing offers of compensation on MLS platforms, the cooperative compensation rule lies at the center of the commission lawsuits, putting MLSs squarely in the middle of the conversation. Two of the nation’s largest MLSs recently made headlines in RISMedia news when they announced new additions to their user platforms… […]
While some markets may be starting to see a slight easing in home prices, housing affordability remains a consistent challenge for many markets nationwide. To address the challenge, state and local governments have adopted policies and programs to help alleviate pressure on potential middle-income renters. A recent working paper on this topic, “Subsidizing the Middle:… […]
Twenty years ago, Claudia Stallings’ parents decided to make the move to Knoxville, Tennessee, and she found herself helping them with their search and discovering a passion for real estate. Stallings became an agent in 2004, was a principal broker for a large branch in 2010, and became a partner and COO of Wallace Real… […]
Estate planning is arranging for the management and disposal of a person’s estate during their life and after death. It ensures your assets are distributed according to your wishes and provides financial security for your family. I will provide the following information to educate you on the process: The essentials of estate planning and its… […]
Following the first dip in consumer prices in four years and home prices in some markets declining, the average 30-year fixed rate mortgage followed suit, dropping from 6.95% last week to 6.89% this week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday. A look at this week’s numbers: The… […]
Mortgage rates may finally start to begin a steady lower trajectory nationally following encouraging news on inflation. The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, declined 0.1% in June on a seasonally adjusted basis, after being unchanged in May, the U.S. Bureau of Labor Statistics reported… […]
CENTURY 21® AllPoints Realty and Realty Quest, Inc. have announced a strategic merger that marks additional Florida expansion for the brokerage. “We’ve had the opportunity to work alongside Phil DeFronzo and Patti White through a very successful mortgage joint venture in AllPoints Mortgage. Their business insights and professionalism are unmatched,” said PJ Louis, C21 AllPoints… […]
The information overload can be overwhelming when meeting with first-time homebuyers. There may have been a phone convo or two, plus some texting and emails, but you won’t know everything concerning what they already know about the home-buying process, or how much research they’ve done. So the first face-to-face is crucial as each side wants… […]
Steve Capezza is the first and current president of brokerage platform Side, which offers member agents/brokers a suite of technology services they can use to grow their companies. He believes that Side’s collaborative nature is one of the many things that makes it stand out in the industry. In this exclusive interview, RISMedia speaks with… […]
Just yesterday, I sat down to craft this blog, filled with thoughts stirred by the upcoming July Fourth celebrations—a time of year that always sweeps me back to my childhood joys. To better connect with my team, I’ve introduced an “Innerview” consisting of 18 questions we ask each other. One favorite question is, “What’s a… […]
The excitement of becoming a real estate agent: Helping families find the perfect forever home while sharing knowledge about the neighborhood and its history—it all sounds so simple at first. But, it takes some time to get comfortable and establish yourself in the local market as a trusted, go-to agent for all. In order to… […]
Brian Buffini, real estate training icon and chairman and founder of Buffini & Company, will share his industry insights during “Brian Buffini’s Bold Predictions: Mid-Year Update,” an upcoming live broadcast airing on Monday, July 22 at 10 a.m. PT/1 p.m. ET, the company has announced. During the virtual event Buffini will also reveal details about… […]
Coldwell Banker Warburg has announced that agent David Harris and broker Bill Kowalczuk have returned to CBW after brief stints at other brokerages, and that the company is also welcoming broker Sean Adu-Gyamfi and agent Guy Hobson. “Having Bill Kowalczuk and David Harris rejoin our team is a testament to the strength and reputation of… […]
Although key defendants in the wide-ranging buyer-side commission lawsuit known as Batton recently sought to have their cases dismissed by arguing a lack of personal jurisdiction, plaintiffs have drawn these real estate firms back into the fray by filing new claims in new states. Personal jurisdiction refers to a court’s power to enforce judgment on… […]
JPAR has announced the addition of its newest franchise office, Shipmate Real Estate +JPAR in Chesapeake, Virginia. The office serves the vibrant Hampton Roads market, including Williamsburg, Suffolk, Hampton, Newport News, Chesapeake, Virginia Beach, and Norfolk. Under the leadership of broker/owner Keisha Rorie, Shipmate Real Estate +JPAR stated they are planning to leverage JPAR’s technology… […]
As the 30-year average mortgage rates teased 7% this past week, mortgage application activity saw a second-straight week of decreases, down 0.2% from last week’s 2.6% dip, according to the latest Weekly Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending July 5, 2024. Last week’s results included an adjustment for the… […]
The recent unmasking of REcolorado’s buyer—Joseph E. Burks, president of Equity Title of Colorado, who owns a company called Mazl LLC that will take control of the MLS—has brought up much conversation on what impact it will have on the MLS industry. While RISMedia’s investigation of the MLS’ sale uncovered multiple issues and what could… […]
It would be an understatement to say there’s no love lost in the escalating real estate portal feud being waged by Homes.com and Realtor.com., as the two companies have major differences of opinion regarding the veracity of allegations in the continuing lawsuit saga. The most recent flare-up started in a relatively civil manner in June,… […]
It’s rather common that professional athletes choose to pursue other avenues of employment in their post-playing days, and presently, real estate seems to be one path that’s catching the attention of many who are looking to continue utilizing their competitive edge—especially retired players who may have had shorter professional careers than those of the likes… […]
Editor’s Note: Social Skills is a bi-monthly feature in RISMedia’s Daily News focused on social media and digital marketing tips, trends and solutions for agents and brokers. In the modern age of social media forms and the storytelling that comes with them, blogging feels like a bit of an outdated form of marketing. This, however,… […]
Housing inventory saw a big increase in June, as the number of homes actively for sale grew for an eighth straight month and increased 36.7% year-over-year, according to new data from Realtor.com®. Realtor.com’s Monthly Housing Trends Report for June found that new listings increased 6.3%, but were down 24.4% from 2019. In addition, the median… […]
CoStar has agreed to change some key advertising claims regarding its Homes.com residential portal amid a contentious back and forth with bitter rival Realtor®.com, following a recommendation from the Better Business Bureau (BBB) as both companies continue to battle viciously over metrics, measurements and market share. Realtor.com’s parent company, Move, Inc., had previously challenged how… […]
Federal Reserve Chair Jerome Powell testified before the Senate Committee on Banking, Housing and Urban Affairs, mostly dodging questions about rate cuts while being pressed by lawmakers on housing affordability, inventory and a wobbly commercial real estate market. Powell struck a measured tone; he did not offer a timeframe on when the Fed might lower… […]
Last year, the National League of Cities and the American Planning Association embarked on an effort to discover and advance locally driven solutions to our country’s housing supply and affordability crisis. The goal? To unite the public and private sectors to help local governments meet their residents’ housing needs. Recognizing the complexity of addressing these… […]
Purchasing a condo is a significant investment. Like any other real estate purchase, it pays to understand what you’re buying. A thorough condo inspection is essential to make a well-informed decision and avoid pitfalls. I will provide you with the following information so you can make an informed decision. I have put tremendous effort into… […]
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Realtor.com® parent Move, Inc. files lawsuit against CoStar Realtor.com parent company Move, Inc. filed a lawsuit in the U.S. District Court in California, claiming that a former Move employee now working for Homes.com… […]
Consumers warmed a little to the housing market this month as Fannie Mae’s Home Purchase Sentiment Index saw an increase back to the plateau it was set at earlier this year. Fannie Mae’s HPSI increased 3.2 points in June to 72.6, rebounding from the dip seen in May, and is 6.6 points compared to the… […]
At their June meeting, Federal Reserve members acknowledged there’s been notable progress in lowering inflation, but it’s not going as quickly as they’d like to consider cutting key interest rates, according to meeting minutes released Wednesday. While the central bank conceded that the economy is showing signs of strength, all 19 FOMC members voted to… […]
Real estate teams are favored for their ability to drive business volume, provide specialized knowledge and deliver greater customer service outcomes. They can reward in many ways, from improving client relationships to creating greater efficiencies in processes. But not all teams are created equal and, as the research suggests, higher-performing teams share certain psychological characteristics… […]
In an exclusive interview with RISMedia on July 5, CoStar CEO Andy Florance lambasted the new lawsuit filed by Realtor.com parent Move, Inc. that claimed a former Move employee, now working for Homes.com parent CoStar, stole proprietary information from his former employer, labeling it a desperate attempt for attention and attributing it to one of… […]
Mere weeks after the Realtor.com and Homes.com CEOs hurled hurled insults and accusations at each other as the residential real estate portal giants fight for second place behind Zillow, the battle was ratcheted up further on July 2 when Realtor.com parent Move, Inc. filed a lawsuit in the U.S. District Court in California, claiming that… […]
The complicated process of ensuring that the real estate industry complies with incoming policy changes is underway, as concerns about loopholes surrounding commission-sharing have already started a discourse among regulators and innovators—potentially, an amicable one. The ongoing dialogue was highlighted by a recent meeting between the National Association of REALTORS® (NAR) and the U.S. Department… […]
For a year straight, Atlanta sat atop the list of the most overvalued housing markets, according to researchers at Florida Atlantic University (FAU) and Florida International University (FIU). Now, Detroit steals that spot, but by just a smidge. May data analyzed by researchers at the two universities shows that homes in the Detroit metropolitan area… […]
As the market hopes to rebound, new opportunities for growth through mergers and acquisitions are emerging for savvy brokers. Real estate leaders in the M&A space will discuss how to shift your strategies toward company expansion to grow your footprint and meet the new demand of the recovering market in an immersive session coming up… […]
Home prices continue to grow across the U.S., although the monthly growth has slowed down, according to CoreLogic’s Home Price Index for May 2024. CoreLogic data found that home price gains came in at 4.9% year-over-year in May, the 148th consecutive month of annual growth, but lesser than previous months. On a month-over-month basis, home… […]
A new report from ATTOM, released July 3, shows that median-priced single-family homes and condos remained less affordable in the second quarter of 2024 compared to historical averages in 99% of counties around the nation with enough data to analyze. The latest trend continued a pattern, dating back to early 2022, of homeownership requiring historically… […]
As strong headwinds continue to buffet residential real estate, principals from 17 of the industry’s top franchise brands will share insights and inspiration—along with hard truths—during RISMedia’s 36th Annual CEO & Leadership Exchange, taking place Sept. 4 – 6 in Washington, D.C. Taking part in keynote presentations, one-on-one discussions and panel sessions, the following brand… […]
Weichert Real Estate Affiliates has announced the company has been named to the Franchise Business Review’s “Culture100” list for the fifth-straight year, an honor that recognizes the top 100 franchise brands nationwide with the best cultures. According to a release, Weichert was among more than 360 franchise brands, representing more than 36,000 franchise owners, that… […]
As real estate agents, you face countless challenges and obstacles in your journey to success. It’s easy to get discouraged when things don’t go as planned, but here’s something every agent should consider, regardless of how long you’ve been an agent: Every failure is actually a stepping stone to greater achievements. This is the essence… […]
Buying an as-is property can be a risky but rewarding investment. You must inspect thoroughly and prepare to make informed decisions. I will provide an education on the following: Key areas to inspect in an as-is home. Specific advice on conducting and preparing for inspections. Typical problems, potential costs, and buyer rights regarding as-is purchases.… […]
Migration has always been a cornerstone of the housing market. Moving, whether it be across state lines or immigrating to the U.S. from another country, is what gives REALTORS® a significant amount of their business. Evaluating migration trends can keep agents ahead of the curve, setting them on the path to grow their business by… […]
ERA Prime Real Estate Group—with offices in Farmington and Grand Blanc—has acquired Compass Realty Pro in Southgate. The move creates a larger service area in markets serving the Greater Detroit Metro region, increasing ERA Prime Real Estate Group’s service area and market share further into Southeast Michigan. Founded in 2017, ERA stated that Prime Realty… […]
The sale of REcolorado, the 16th-largest MLS nationwide with 25,000 members, has become mired in controversy, as evidence suggesting conflicts of interest and self-dealing upend a transaction already wrapped in secrecy, with RISMedia confirming the previously undisclosed identity of the alleged buyer. As previously reported by RISMedia, the REALTOR® Association owners of REcolorado®—made up of… […]
The one constant in real estate is change: markets fluctuate, busy periods are followed by slower ones, and consumer needs and trends constantly evolve. To thrive in this dynamic landscape, it’s critical for agents to remain adaptable, stay informed and continually develop their skills and knowledge base. When markets shift and changes ripple through the… […]
The Keyes Company announces the significant addition of a high-performing team of more than 300 real estate agents previously affiliated with Coral Shores Realty. The team will be based in the Keyes Plantation office. Ron and Alex Cika head up the new arrivals, bringing a combined 50-plus years of real estate experience to Keyes. Ron… […]
Property Highlights: Location: Bimini, Bahamas Listing Price: $3.5 million Features: Private residences offering private docks, nearby beach access and expansive indoor/outdoor living spaces. Added Appeal: World-class amenities such as spa and wellness facilities, a deepwater marina, private golf course and members-only clubhouse. Imagine a painter blending the most exquisite colors on a canvas, where each… […]
Real estate business owners appear to be putting an increased emphasis on agents who are willing to grind, honing in on so-called “business-minded” entrepreneurs while relying on company culture as a recruitment tool in the wake of changes created by the National Association of REALTORS®’ (NAR) settlement. According to RISMeda’s latest Broker Confidence Index (BCI),… […]
Above, Massoud Atallah Massachusetts-based Lamacchia Realty has announced long-time industry vet and mergers and acquisitions expert Massoud Atallah has joined the firm as senior vice president of business development. The announcement, made June 17, stated in his new role as part of the company’s executive team, Atallah will be the most senior member of the… […]
Bright MLS, the Mid-Atlantic multiple listing service and SentriLock smart lockbox provider have announced a strategic collaboration that will offer innovative showing service technology to Bright subscribers. According to a release, the integration of SentriLock’s SentriKey Showing Service® will provide choice for Bright’s brokers and agents so that they can determine and use the showing… […]
Several mortgage companies were beset by cyberattacks in 2023, and as real estate companies carry valuable customer information, this makes them valuable targets. If you’re on a team, you share the risk with your teammates. There’s a plethora of good options out there to firm up your business cybersecurity, including group-focused options that will ensure… […]
Above, Chad Griffith, left, and Dustin Griffith Born and bred in Colorado, Dustin Griffith played five seasons of professional baseball before trading in his glove for a real estate license in 2007. As part of an established team almost from the outset of his new career, it was a natural, when brother Chad came into… […]
This week, I also came across an inspiring article shared by my friend and esteemed colleague, Rishi Bakshi, Broker & General Manager at Intero Real Estate Services, East Bay. Authored by Matthew Ferrara, the piece explores the elegant Japanese concept of omotenashi, which represents the heart of hospitality, focusing on hosts dedicating themselves to ensure… […]
The January issue of RISMedia’s Real Estate magazine is now available, and not to be missed are several exclusive features, including an in-depth look at how agents can avoid ‘steering’ their clients and discussing commissions in a post-NAR settlement world. In addition, we look at how agents’ careers differ across the world, the effects of… […]
Selling a condo “as is” can be a strategic choice but comes with benefits and challenges. When you sell a property as is, you agree to sell it in its current condition without making any repairs or improvements. I have put significant effort into educating you on the following information: The key benefits of selling… […]
Inventory is a consistent hurdle to the housing market, and a hurdle to increasing inventory is a lower-than-needed amount of new construction. In June 2024, new housing starts were reported as being at a four-year low. The University of California Berkeley’s Terner Center for Housing Innovation has looked at this issue in a new paper… […]
To celebrate Pride Month in June, Realtor®.com recently released its findings of the top seven cities in the U.S. with a strong mix of housing affordability and inclusivity for LGBTQ+ people. However, some of the findings might be a head-scratcher, because a few metros are in states that aren’t exactly renowned for rolling out the… […]
Judge Stephen R. Bough, who oversaw the Burnett case, has set a trial date for the central national copycat lawsuit which has sought to include every major brokerage that did not receive immunity from the National Association of REALTORS®’ (NAR) settlement—though a jury isn’t going to be seated any time soon. The trial is scheduled… […]
EXIT Realty is facing some complications in Gibson vs. NAR, as the plaintiffs do not agree with their opt-in to the NAR settlement and subsequent request for a stay. A filing in the Gibson case—the largest class-action lawsuit filed by sellers—from Friday, June 28 states that EXIT is requesting a pause in proceedings against the… […]