A piece of chocolate cake being removed from the whole
The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead
Redfin sees Q2 revenue rise, while losses remain nearly flat
The company's earnings report saw revenue climb 7% to $295.2M between April and June, but it also lost $27.9M — just a hair above its Q2 2023 loss
by Jim Dalrymple II Aug 6
NAR settlement still an enigma for some ahead of big Aug. 17 deadline
Last week, the brightest minds in real estate converged at Inman Connect to set agents, brokers and MLS members straight on the finer points of the new rules taking effect in less than 2 weeks
Victims awarded $12M in flipper scheme repped by HGTV stars
The Federal Trade Commission (FTC) is distributing $12M in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC and promoted by a lineup of celebrities
by Richelle Hammiel Aug 2
Average buyer's agent commission has fallen since NAR settlement
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since NAR's March settlement
by Marian McPherson Aug 2
Compass CEO: Clear cooperation is 'anti-homeowner'
Robert Reffkin said clear cooperation forces homeowners into a system that attaches 'negative insights' to listings, and predicted the polarizing anti-pocket listing rule is ultimately doomed
by Jim Dalrymple II Jul 31
Compass posts gains in revenue and agent count in Q2 earnings
Compass brought in $1.7B in revenue between April and June, and managed to add thousands of real estate agents to its ranks, according to Q2 earnings released Wednesday
by Jim Dalrymple II Jul 31
June saw a 4.8% uptick in pending home sales
Pending home sales rose 4.8% in June, with all 4 US regions showing monthly gains in contract signings, the National Association of Realtors reported on Wednesday
by Richelle Hammiel Jul 31
NAR President Kevin Sears sends message of resilience at ICLV
'I hope — at the end of the day, at the end of the 2-year term — to be able to look back and say there was some stability and calm,' Sears told hundreds of ICLV attendees, many of them NAR members
by Taylor Anderson Jul 30
Is luxury real estate settlement-proof? These leaders think so
Luxury homebuyers are used to paying big bucks for quality service. That's partly why panelists at Luxury Connect think the NAR settlement won't make a huge splash in the higher price points
by Daniel Houston Jul 29
CRMLS removes seller concession fields due to CAR forms change
California Regional MLS will continue to allow agents to indicate whether sellers will consider concessions but will no longer have the option to specify a dollar amount or percentage
by Andrea V. Brambila Jul 29
More than 10M homesellers targeted in class-action media blitz
JND Legal Administration, the company tapped by lawyers to oversee administrative tasks around the Gibson settlement, sent mail out to millions of potential class members earlier this year
by Taylor Anderson Jul 26
Expect more guidance from NAR — but fewer rules: CMLS CEO Evans
CMLS CEO Denee Evans revealed why she believes NAR will choose not to create new MLS rules over the next six to 12 months ahead of her appearance next week at Inman Connect Las Vegas
by Andrea V. Brambila Jul 25
EXp not 'doing broker-to-broker compensation' — with caveats
A much-discussed listing agreement update reflects upcoming NAR rules, but it doesn't bar sellers from offering compensation to buyers' agents
by Jim Dalrymple II Jul 24
Court revives antitrust claims against NAR in pocket listing suit
Judge says Top Agent Network 'adequately alleged' NAR's Clear Cooperation Policy is a 'group boycott.' Meanwhile, NAR signals it may be open to repealing the rule
by Andrea V. Brambila Jul 24