#real-estate-industry

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#commission-lawsuits

Weichert Realtors settles the commission lawsuits

Weichert Realtors settled commission lawsuits with Hooper plaintiffs, echoing eXp's prior settlement; terms remain undisclosed and litigation continues regarding the Gibson suit.

Brian Icenhower on impact of commission lawsuits and low volume

Agents and brokerages are facing increased scrutiny post-commission lawsuits, leading to a shift towards more transparent and client-centric approaches.

Weichert Realtors settles the commission lawsuits

Weichert Realtors settled commission lawsuits with Hooper plaintiffs, echoing eXp's prior settlement; terms remain undisclosed and litigation continues regarding the Gibson suit.

Brian Icenhower on impact of commission lawsuits and low volume

Agents and brokerages are facing increased scrutiny post-commission lawsuits, leading to a shift towards more transparent and client-centric approaches.
morecommission-lawsuits

New LO survival 101

The survival rate for new loan officers is low due to insufficient training and mentorship.
#realtor-associations

Realtor associations push back against antitrust allegations in Michigan

The NAR rejects the antitrust lawsuit, asserting vague claims and insufficient evidence by the plaintiffs.

Will Alabama Realtors' efforts to change NAR membership lead to anything?

The Alabama Association of Realtors advocates for greater member choice in association affiliation, challenging traditional membership structures.

Realtor associations push back against antitrust allegations in Michigan

The NAR rejects the antitrust lawsuit, asserting vague claims and insufficient evidence by the plaintiffs.

Will Alabama Realtors' efforts to change NAR membership lead to anything?

The Alabama Association of Realtors advocates for greater member choice in association affiliation, challenging traditional membership structures.
morerealtor-associations
#california

Big industry campaign donors give lopsided edge to Harris

Kamala Harris's campaign is heavily supported by California's real estate industry, with a significant majority of industry donors favoring her over Trump.

California's housing slump spells trouble as the state is set to get even more pricey

California's home construction slowdown could lead to further spikes in housing prices due to limited supply.
Developers in California face challenges from rising costs, strict regulations, and high borrowing expenses.

Big industry campaign donors give lopsided edge to Harris

Kamala Harris's campaign is heavily supported by California's real estate industry, with a significant majority of industry donors favoring her over Trump.

California's housing slump spells trouble as the state is set to get even more pricey

California's home construction slowdown could lead to further spikes in housing prices due to limited supply.
Developers in California face challenges from rising costs, strict regulations, and high borrowing expenses.
morecalifornia
#agent-education

Year of change: Real estate pros reflects on anniversary of Sitzer/Burnett verdict

Challenges of retraining agents vary widely by state, requiring tailored approaches to education and support across different business models.

Real Brokerage pulls out the stops to prep for new commission rules

The Real Brokerage is preparing agents for new NAR rules through extensive education and resources, emphasizing clear communication and support.

Year of change: Real estate pros reflects on anniversary of Sitzer/Burnett verdict

Challenges of retraining agents vary widely by state, requiring tailored approaches to education and support across different business models.

Real Brokerage pulls out the stops to prep for new commission rules

The Real Brokerage is preparing agents for new NAR rules through extensive education and resources, emphasizing clear communication and support.
moreagent-education

Jason Oppenheim takes another crack at Clear Cooperation

Jason Oppenheim calls for an honest dialogue about the Clear Cooperation Policy, emphasizing fairness and clarity over corporate interests.
#national-association-of-realtors

NAR faces new suit alleging antitrust violations, discrimination

NAR faces allegations of discriminatory practices and antitrust violations harming minority real estate professionals.

Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits

Elimination of 6% sales commission in the real estate industry
Significant impact expected on U.S. housing market

NAR faces new suit alleging antitrust violations, discrimination

NAR faces allegations of discriminatory practices and antitrust violations harming minority real estate professionals.

Powerful Realtor Group Agrees to Slash Commissions to Settle Lawsuits

Elimination of 6% sales commission in the real estate industry
Significant impact expected on U.S. housing market
morenational-association-of-realtors
#lawsuit

Top Real Estate Agent Faces Another Claim of Sexual Assault

Actress accuses Oren Alexander of sexual assault, filing federal lawsuit amid multiple allegations against him and his brothers.

Former Realtor Employee Files Sexual Harassment Suit Against Trade Group

The N.A.R. is facing serious allegations of sexual harassment and discrimination, highlighting critical issues within its organizational culture.

Top Real Estate Agent Faces Another Claim of Sexual Assault

Actress accuses Oren Alexander of sexual assault, filing federal lawsuit amid multiple allegations against him and his brothers.

Former Realtor Employee Files Sexual Harassment Suit Against Trade Group

The N.A.R. is facing serious allegations of sexual harassment and discrimination, highlighting critical issues within its organizational culture.
morelawsuit
#mortgage-rates

Lenders, brokerages weather stock market sell-off, but homebuilders get thumped

Real estate industry affected by stock selloff but lower rates may benefit housing market.

Title insurance executives are confident the Biden proposals won't come to much

Weaker financial performance of title segments due to rising mortgage rates and sluggish housing market.

Lenders, brokerages weather stock market sell-off, but homebuilders get thumped

Real estate industry affected by stock selloff but lower rates may benefit housing market.

Title insurance executives are confident the Biden proposals won't come to much

Weaker financial performance of title segments due to rising mortgage rates and sluggish housing market.
moremortgage-rates

They Were Hotshot Real Estate Agents. Some Women Say They Were Predators.

Tal and Oren Alexander, once successful real estate agents, faced allegations of sexual assault leading to the downfall of their career and resignation from their own company.

Troy Palmquist to lead eXp's growth and product marketing efforts

Troy Palmquist named VP of Growth and Product Marketing at eXp Realty, focusing on marketing strategies and agent support.

Council Post: The Impact Of Digital Nomads On The Real Estate Market: A 2024 Outlook

Digital nomadism surged post-pandemic, impacting real estate with increased demand for flexible living arrangements and properties catering to remote workers.

The Elimination Of Boston Condo Buyer Agents Continues Boston Condos For Sale Ford Realty

The U.S. Department of Justice remains neutral on impending real estate industry changes.
Boston condo buyer-agents face challenges due to evolving commission structures and market forces.

Boston Highrise Condo Community Boston Condos For Sale Ford Realty

Buying or selling a Boston high rise condo has a positive impact on the local economy and community by creating jobs and supporting neighbors.

Why agents should personalize marketing

Personalized marketing is crucial for fostering connections with clients by tailoring content and products/services to their specific needs.

Kathy Hochul's Show of Power

Governor Hochul asserts power and success in passing the significant New York state budget, prioritizing her policies effectively.

RE/MAX to lean on high agent productivity during turbulent times

RE/MAX leaders express confidence amidst industry uncertainty and impending changes in business practices.
#mortgage-industry

A look back at HousingWire's 2023 Marketing Leaders

Nominations for HousingWire's 2024 Marketing Leaders award open until April 30th, recognizing marketing excellence in mortgage and real estate industry.

Opinion: Will AI usher in real estate's "Model T" moment?

The mortgage industry is on the cusp of its own Model T moment
There is a need for more standardization in the mortgage and real estate industries

A look back at HousingWire's 2023 Marketing Leaders

Nominations for HousingWire's 2024 Marketing Leaders award open until April 30th, recognizing marketing excellence in mortgage and real estate industry.

Opinion: Will AI usher in real estate's "Model T" moment?

The mortgage industry is on the cusp of its own Model T moment
There is a need for more standardization in the mortgage and real estate industries
moremortgage-industry

Tal Savariego leaving Meridian Capital Group

Meridian Capital Group is facing challenges after being blacklisted by agency lenders, leading to the departure of key employees.

REcolorado MLS CEO on the power of data and the MLS

The value of the MLS is crucial, focusing on trust and cooperation to ensure customer success.

Bay Area real estate agents face uncertainty amid looming changes

The real estate industry is facing a significant shift due to lawsuits alleging price fixing by real estate companies.
The National Association of Realtors agreed to a $418 million settlement regarding the standard practice of offering commissions to buyer's agents, affecting the buying and selling process.
#nar

Consumer advocates call California Realtors' buyer rep agreement 'unreadable'

CAR's buyer representation agreement in California is criticized for being unreadable and designed to circumvent NAR's settlement agreement.

Justice Department Says It Will Reopen Inquiry Into Realtor Trade Group

The Justice Department reopens antitrust investigation into N.A.R. over inflated home selling costs.
N.A.R. settles lawsuits and faces changes in rules on agent commissions and home listing databases.

Consumer advocates call California Realtors' buyer rep agreement 'unreadable'

CAR's buyer representation agreement in California is criticized for being unreadable and designed to circumvent NAR's settlement agreement.

Justice Department Says It Will Reopen Inquiry Into Realtor Trade Group

The Justice Department reopens antitrust investigation into N.A.R. over inflated home selling costs.
N.A.R. settles lawsuits and faces changes in rules on agent commissions and home listing databases.
morenar
#artificial-intelligence

6 Ways AI is Changing Real Estate | Entrepreneur

AI is transforming the real estate industry by streamlining operations and enhancing customer experience.
AI integration is reshaping business strategies within the real estate sector.

Coldwell Banker adds generative AI to Listing Concierge

AI capabilities enhance Listing Concierge tool for automated listing descriptions in real estate industry.

6 Ways AI is Changing Real Estate | Entrepreneur

AI is transforming the real estate industry by streamlining operations and enhancing customer experience.
AI integration is reshaping business strategies within the real estate sector.

Coldwell Banker adds generative AI to Listing Concierge

AI capabilities enhance Listing Concierge tool for automated listing descriptions in real estate industry.
moreartificial-intelligence
#housingwire

HousingWire journalist wins prestigious data journalism award

Will Robinson won Data Journalism category at SABEW Awards
HousingWire focuses on integrating data and insights into journalism to serve housing professionals.

New Hampshire Association of Realtors partners with HousingWire

HousingWire partners with NHAR to provide data, news, and analytics.
NHAR focuses on supporting members to serve consumers ethically and advocate for property rights.

HousingWire journalist wins prestigious data journalism award

Will Robinson won Data Journalism category at SABEW Awards
HousingWire focuses on integrating data and insights into journalism to serve housing professionals.

New Hampshire Association of Realtors partners with HousingWire

HousingWire partners with NHAR to provide data, news, and analytics.
NHAR focuses on supporting members to serve consumers ethically and advocate for property rights.
morehousingwire
#nar-settlement

What Does the Real Estate Shake-up Mean for New Yorkers?

Real estate industry changes following $418 million settlement by National Association of Realtors.
New York City's real estate market may see indirect impact from the N.A.R. settlement.

What the Big Realtors Settlement Means for Home Buyers and Sellers

Home sellers to pay smaller commissions, buyers decide agent fees
Landmark settlement affects real estate industry practices

What Does the Real Estate Shake-up Mean for New Yorkers?

Real estate industry changes following $418 million settlement by National Association of Realtors.
New York City's real estate market may see indirect impact from the N.A.R. settlement.

What the Big Realtors Settlement Means for Home Buyers and Sellers

Home sellers to pay smaller commissions, buyers decide agent fees
Landmark settlement affects real estate industry practices
morenar-settlement

Boston Condo Brokers The Nail In The Coffin On The 6% Commission Boston Condos For Sale Ford Realty

NAR to pay $418 million in damages and repeal commission-sharing policy.
Claims from homesellers can drive changes in broker payment structures.

Best Businesses To Start in 2024 To Make a Profit

Following passion can lead to successful business ventures.
Considering profitability is a crucial aspect of starting a business.

Virtual Staging AI helps realtors digitally furnish rooms within seconds | TechCrunch

Virtual Staging AI is revolutionizing the real estate industry with Generative AI for virtual house staging.
The startup bootstrapped to $1 million in ARR in ten months, with 4,500 monthly paid subscribers.

Opinion: There is a crucial need for real estate cybersecurity

Real estate industry is vulnerable to cyber threats due to the abundance of sensitive data handled.
Choosing the right technology tools with robust cybersecurity features is crucial for protecting client information.

AI startup BEN adds Chris Heller as adviser to board of directors

BEN onboarded Chris Heller, industry veteran, as adviser amid preparations for going public through a merger with DHC Acquisition Corp valued at $358 million.
Heller brings over 35 years of real estate experience and will provide expertise on financial services, real estate, and AI applications to empower consumers and service providers.

An Old Boston Condo Broker Hanging Out At Single Bars Boston Condos For Sale Ford Realty

Generational shift impacting real estate industry
Challenges faced by traditional brokers
from www.housingwire.com
9 months ago

Major real estate firms among defendants in 118 data privacy lawsuits

Nearly a dozen real estate industry firms have been named as defendants in data privacy lawsuits.
The lawsuits allege violations of a law that prohibits the disclosure of home addresses and unpublished home phone numbers for certain individuals.

CoStar Group Makes Super Bowl Debut With Four Ads

CoStar Group made a splash in its Super Bowl debut with four high-gloss commercials, buying up more airtime than Pepsi and Budweiser.
The advertising blitz is part of a planned yearlong campaign to establish CoStar's dominance over rival home-search sites.
The commercials featured celebrities such as Jeff Goldblum and Lil Wayne, creating minor havoc in residential communities while promoting CoStar's subsidiaries.

Why do sellers limit their sale price with an off-market pocket listing?

Dual agency can lead to off-market, under-value home sales within a single realty firm.
Off-MLS listings, also known as pocket listings, can result in lower selling prices compared to MLS sales.
#real estate industry

Why hardware is the missing piece to solving the climate tech puzzle

Hardware companies have the potential to make significant strides in reducing carbon emissions on a larger scale than software companies.
Hardware translates data analytics into action, leading to decreased energy and water usage in buildings.
The real estate industry must prioritize investment in hardware solutions to reduce its carbon footprint.

Elon Musk Wants Me Fired. The People of San Francisco Want Him Taxed.

San Francisco's post-pandemic struggles are not due to progressive policies, but rather the real estate industry, tech companies, and billionaire venture capitalists.
Progressive policies implemented during the pandemic were successful in addressing the crisis and supporting those in need.
Billionaires are opposing these policies in order to avoid fair taxation and maintain the status quo.

This Is How The Boston Condo For Sale Realtor Commission Blew Up Boston Condos For Sale Ford Realty

A jury found the National Association of Realtors and two brokerages liable in an antitrust lawsuit over broker commissions.
The verdict has sparked discussions and concerns within the real estate industry.

Why hardware is the missing piece to solving the climate tech puzzle

Hardware companies have the potential to make significant strides in reducing carbon emissions on a larger scale than software companies.
Hardware translates data analytics into action, leading to decreased energy and water usage in buildings.
The real estate industry must prioritize investment in hardware solutions to reduce its carbon footprint.

Elon Musk Wants Me Fired. The People of San Francisco Want Him Taxed.

San Francisco's post-pandemic struggles are not due to progressive policies, but rather the real estate industry, tech companies, and billionaire venture capitalists.
Progressive policies implemented during the pandemic were successful in addressing the crisis and supporting those in need.
Billionaires are opposing these policies in order to avoid fair taxation and maintain the status quo.

This Is How The Boston Condo For Sale Realtor Commission Blew Up Boston Condos For Sale Ford Realty

A jury found the National Association of Realtors and two brokerages liable in an antitrust lawsuit over broker commissions.
The verdict has sparked discussions and concerns within the real estate industry.
morereal estate industry

A realtor asked his Gen Z employee to edit a video. The result went viral

Instagram users praise a Gen Z employee for creating a hilarious video edit for her realtor boss, gaining significant attention on social media.
#housing-crisis

A New York Official Is Filling Community Boards With Pro-Housing Members

Mark Levine is appointing pro-housing community board members to combat resistance to new housing in NYC.

Opinion: Mayor's City of Yes is Really a 'City of Cake'

Mayor Adams' housing plan may benefit developers more than addressing affordability issues.

A New York Official Is Filling Community Boards With Pro-Housing Members

Mark Levine is appointing pro-housing community board members to combat resistance to new housing in NYC.

Opinion: Mayor's City of Yes is Really a 'City of Cake'

Mayor Adams' housing plan may benefit developers more than addressing affordability issues.
morehousing-crisis

Why digital marketing is important for lenders and loan officers

Digital marketing is essential for MLOs to stay competitive in the current market with high interest rates and inventory shortages.

Real Estate-Related Hiring Spikes Across Southern California

Employers in Southern California are actively hiring in the real estate industry, surpassing seasonal norms and indicating a strong market demand.

When Your Building Super Is an A.I. Bot

A.I. bots like Matt, Lisa, and Hunter in property management are improving efficiency, reducing stress, and freeing up time for human staff members.

Home-flipping profits increase for the third time in four quarters

Flippers are experiencing better returns despite challenging market conditions.
#broker-fees

NYC considers ending broker fees for tenants, angering real estate industry

Proposed legislation in NYC may shift the burden of broker fees from renters to landlords, sparking debate and potential changes in the rental market.

NYC Considers Ending Broker Fees for Tenants, Angering Real Estate Industry

Legislation in New York City aims to shift broker fees from tenants to landlords, potentially impacting the rental market and addressing tenant injustices.

NYC considers ending broker fees for tenants, angering real estate industry

Proposed legislation in NYC may shift the burden of broker fees from renters to landlords, sparking debate and potential changes in the rental market.

NYC Considers Ending Broker Fees for Tenants, Angering Real Estate Industry

Legislation in New York City aims to shift broker fees from tenants to landlords, potentially impacting the rental market and addressing tenant injustices.
morebroker-fees
from Brownstoner
5 months ago

Rental Broker Fee Bill Nears Veto-Proof Support as Council Hears Raucous Public Reactions

The FARE Act aims to ban forced broker fees for apartment hunters in NYC.
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