In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy
Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot
The flat-fee brokerage dismissed its antitrust case against the MLS but kept as defendants Keller Williams, the National Association of Realtors, Anywhere, HomeServices of America and RE/MAX
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules
The suit accuses NAR and major franchisors of breaking antitrust laws. The company's complaint includes alleged text messages in which agents refused to show Homie listings
The Utah-based disruptor 'moved our real estate agents from W2 to 1099' while other 'non-Homie' agents were laid off last week due to 'role redundancy,' a Homie spokesperson confirmed to Inman
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
The acquisition will expand the company's footprint to 14 states. The deal also comes amid a challenging time for the real estate technology sector
The Texas-based firm does property management and provides a variety of tech platforms. The layoffs come amid widespread job losses in the real estate sector
The company is among the most prominent of the upstart flat-fee brokerages that rose in recent years, but will lose cofounder and CEO Johnny Hanna as the market experiences 'turmoil'
Opinion
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
The trade group highlighted its own members — including Zillow, Compass, Redfin, Homie, Opendoor and Offerpad — among those whom it's competing with for consumer mindshare
The expanded program and a new buy-before-you-sell offer will be unveiled in Colorado and Utah in the next 2 weeks, followed by Arizona, Nevada and Idaho, executives told Inman exclusively