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
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
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
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
Sequel to NAR 'Danger Report' set for 10-year anniversary next year
T3 Sixty plans to release 'The Opportunity Report' as a follow up to its 'DANGER Report' in early 2025. It says the new document will be comparable in its impactful earlier analysis of the industry
by Andrea V. Brambila Jul 24
Keller Williams hits milestone: $2B in profits shared with agents
The company celebrated during a live 'growth call' with leaders from more than 1,000 franchisees in the US and Canada. Nearly 150 KW agents have earned more than $1M in lifetime profit share
by Andrea V. Brambila Jul 22
Ed Zorn to the real estate industry: Get rid of commission-sharing now
The attorney and broker dives into the nuances of seller concessions, steering, buyer agents' jobs, and avoiding future antitrust trouble ahead of his appearances at Inman Connect Las Vegas
by Andrea V. Brambila Jul 18
Ed Zorn: Why mandatory buyer contracts are a 'big consumer win'
California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas
by Andrea V. Brambila Jul 17
Consumer watchdog develops new standard to assess buyer contracts
After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers
by Andrea V. Brambila Jul 16
A piece of chocolate cake being removed from the whole
The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on 'historically common practices'
by Andrea V. Brambila Jul 12
No HomeServices deal yet, months after settlement announcement
The franchisor and plaintiffs offered different reasons for why HomeServices has yet to finalize its commission settlement agreement after announcing it had reached one for $250M in April
More homebuyers sue to upend how real estate agents get paid
Howard Hanna is the latest brokerage to be hit with a buyer commission suit seeking class-action status
Sellers appeal Keller Williams, Anywhere, RE/MAX settlements
The homesellers object that the deals' payout is 'far too low' for the 'massive' number of injured parties and that franchisees should be required to implement practice changes
Listing agreement slammed as CFA resumes California Realtors probe
The second report by the Consumer Federation of America to focus on the California Association of Realtors in as many weeks examines the association's 7,000-word homeseller listing agreement
MLS PIN forges ahead with rule changes over DOJ objections
Effective immediately, listing brokers and agents can submit for-sale listings to the MLS without offering any cooperating compensation to the buyer broker
by Andrea V. Brambila Jun 27