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 »
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 »
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 »
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 »
Canadian-based RARE Real Estate has launched operations in South Florida, marking its official entry into the U.S. market. The move is part of a broader expansion strategy by the fast-growing brokerage, which gained recent attention through its feature on the Amazon reality series “Luxe Listings Toronto.” RARE’s entry into the U.S. market is led by
RARE, a Canadian brokerage featured on reality TV, enters the US market Read More »
A California real estate broker is suing the National Association of Realtors (NAR) over a policy that forces brokers to pay dues for agents who aren’t members of their state, local or national Realtor associations. John Diaz, who’s based in Modesto, claims that NAR’s Variable Dues Formula (VDF) policy penalizes brokers for associating with agents
‘No legitimate justification’: California broker sues NAR over ‘anticompetitive’ dues Read More »
Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They
‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper Read More »
Unless you’ve been living among the Amish, you’ve probably already tried ChatGPT for your real estate business. Most agents we work with have, but usually to write listing descriptions packed to the gills with fluffy language and way too many em dashes. Sound familiar? If so, you’ve barely scratched the surface of what ChatGPT can
11 clever ways to use ChatGPT for real estate in 2025 (+ prompts) Read More »
Real estate industry executives may not see eye to eye on the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), but there is one thing they do agree on — the vast majority of sellers receive the most benefit from listing transparency and broad exposure of their listings. “The average people that our agents
Brokers agree on broad exposure for real estate listings Read More »