Decline in NAR membership, long expected, hasn't materialized yet
With 1,526,631 members as of Oct. 31, the National Association of Realtors is on track to end 2024 with its fourth-highest membership numbers on record. Next year, however, is a different story
by Taylor Anderson Nov 11
Compass CEO Robert Reffkin: Zillow will be the national MLS
Reffkin continued his campaign against the Clear Cooperation Policy at the National Association of Realtor's annual NAR NXT conference during a 'Future of the MLS' session Friday
by Andrea V. Brambila Nov 11
'Thank u, NXT:' NAR steers clear of Clear Cooperation at its big event
A National Association of Realtors spokesperson told Inman that the trade organization is continuing to gather feedback on the pocket listing rule through 'many channels'
After NAR deal, MLSs will have to reinvent themselves — or else
At NAR NXT, panelists Marilyn Wilson, James Dwiggins and Clint Skutchan advised MLSs to make themselves essential without guaranteeing compensation
Gibson commission case sees 4 more settlements
NextHome, the Keyes Company, John L. Scott Real Estate and the K Company Realty have agreed to pay a combined total of nearly $5M
by Jim Dalrymple II Nov 5
Social issues, not industry chaos, will guide agents at the ballot box
Commission chaos has disrupted real estate's status quo in unique ways in 2024, but social issues have been the reason for more political donations from agents, according to an analysis by Inman
by Jim Dalrymple II Nov 5
NAR asks court to toss antitrust lawsuit from Michigan brokers
Trade group says plaintiffs' complaint over 'compulsory' Realtor membership to access the MLS is 'nothing more than a desire to have membership benefits without membership'
First-time homebuyers fell further behind this year, NAR says
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report
by Taylor Anderson Nov 4
Compass leans into private listings with new marketing push
The brokerage's efforts to build a powerful exclusive catalog of listings unifies many of its recent efforts — including now the debut of a multiphase marketing strategy
by Jim Dalrymple II Nov 4
Objections fly in against NAR and HomeServices settlement deals
The proposed settlements seek to cover too many claims for too little money and let too many in the industry have a 'free pass,' more than a dozen homesellers argued ahead of a Nov. 26 decision
Judge grants final approval to 9 commission lawsuit settlements
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110M to resolve litigation
by Jim Dalrymple II Oct 31
Renewed buyer activity boosts pending home sales 7.6%
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
by Marian McPherson Oct 30
Compass envisions recruitment opportunity in industry upheaval
Rory Golod, Compass' president of growth and communications, spoke to Inman about Clear Cooperation, commission settlements, franchising and much more
by Jim Dalrymple II Oct 30
Proposed NAR settlement 'worst of all possible worlds': Law professor
Tanya Monestier says the settlement 'reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it' as attorneys walk away with $333M in cash
by Andrea V. Brambila Oct 30