The settlement agreement between MLS Property Information Network (MLS PIN) and the Nosalek commission lawsuit plaintiffs has been granted preliminary approval for a second time. Judge Patti B. Saris of U.S. District Court in Boston granted preliminary approval to the fourth amended settlement agreement between the MLS defendant and the home seller plaintiffs at a […]
MLS PIN settlement gains preliminary approval … again Read More »
There are still three more weeks before Zillow’s new listing standards policy goes into effect, but Compass CEO Robert Reffkin is not wasting time pushing back against the policy. In a LinkedIn post on Monday, Reffkin claimed that Zillow no longer displays all MLS listings to prospective homebuyers. “Contact your agent regardless of their firm
The feud between Robert Reffkin, Zillow rages on Read More »
The wave of migration set off by the COVID-19 pandemic pushed home prices through the roof in towns that had previously been relatively sleepy. While data shows that some narratives at the time proved to be a bit overstated, there’s no question that it reshaped housing markets across the country. A recent study from Point2Homes
These suburbs saw the largest increases in renters during the pandemic Read More »
A federal judge on Tuesday refused to block a landmark New York City law that will shift responsibility for paying broker fees from renters to landlords — clearing the way for the Fairness in Apartment Rental Expenses (FARE) Act to take effect on Wednesday. U.S. District Court Judge Ronnie Abrams denied a request by the
Judge rejects bid to block NYC broker fee reform Read More »
Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by
CFPB enforcement head resigns, citing ‘no intention to enforce the law’ Read More »
In the wake of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement, RealTrends Consulting co-founder Steve Murray predicted a new wave of industry consolidation. “Almost any time in history the U.S. federal government gets involved in this kind of litigation against a whole industry and imposes draconian changes to that industry, it causes
How to navigate a successful brokerage acquisition Read More »
As the economic situation for many Americans continues to evolve due in part to the cost of housing, one Democratic member of the House of Representatives used her time on the floor Tuesday to call for more action to address rising housing expenses. Rep. Shontel Brown (D-Ohio) on Tuesday introduced a House Resolution calling for
House Democrats call for more action on US housing crisis Read More »
The former chief financial officer of cloud-based real estate firm The Real Brokerage has filed a federal lawsuit alleging she was pushed out of the company after becoming pregnant and taking maternity leave. Michelle Ressler, who was relieved of her role as CFO in April, claims in the suit that Real orchestrated her termination under
Former CFO sues Real Brokerage, alleges discrimination Read More »
Rocket Pro is partnering with Vetted VA, which provides education to veterans and training to loan officers to give veterans better access to home loan benefits. The partnership, announced on Tuesday at The Gathering by HousingWire, will involve the training of Rocket staff and LOs by Vetted VA so the lender can better serve the
Rocket Pro announces partnership with Vetted VA Read More »
Amid expectations that interest rate declines may reignite refinance activity, Optimal Blue on Monday launched a new tool that automatically analyzes loan officer portfolios each month to identify recapture opportunities. The tool is designed to ensure loan officers are ready when refinance volume picks up. While refinances declined in May from the prior month, Optimal
With rate locks up, Optimal Blue launches automated refinance tool Read More »