Appeals court rejects NAR class certification challenge in lawsuit
The ruling means that Sitzer/Burnett moves forward as a multibillion-dollar class action, currently headed for trial in February 2023
Real estate agents received billions in PPP loans during the pandemic
More than $3.9B in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80% of that amount was forgiven
by Daniel Houston Jun 6
The labor shortage is real. But its impact on real estate will surprise you
The latest jobless numbers show US unemployment is holding steady at a very low 3.6%. In real estate, this situation may offer a slight counter trend to rising rates and inflation
by Jim Dalrymple II Jun 6
KW demands REX turn over audio recordings in commission suit
The real estate franchisor has subpoenaed the discount brokerage for recordings of all in-bound calls, not just those purporting to show agent steering, in multibillion-dollar class-action case
The shift has begun — but rate hikes won't be housing's Achilles' heel
Experts told Inman they expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market
by Jim Dalrymple II May 26
REX pivots to single-family rental market as its Hail Mary
Two weeks after reports of mass layoffs and office closures, REX eyes serving institutional buyers in the single-family rental market
by Marian McPherson May 25
Realtors to push for required fair housing training nationwide
Earlier this month, NAR's board of directors passed policies that touched on property reforms, fair lending enforcement and fair housing education for all real estate licensees, not just Realtors
by Andrea V. Brambila May 20
NAR rebrands annual event to 'NXT,' boosts spending to make it 'iconic'
The 1.5 million-member trade group said it decided to overhaul its annual Realtors Conference & Expo after more than 2 years of analysis and research
by Andrea V. Brambila May 20
NAR, franchisors face long odds in effort to appeal class action status
NAR and co-defendants Realogy, Keller Williams, RE/MAX and HomeServices of America are asking a higher court to let them appeal a decision to make a commission suit a class action
by Andrea V. Brambila May 18
REX hires lawyer-to-the-stars David Boies to carry on battle with Zillow
Boies, who has represented Al Gore, Harvey Weinstein and failed medical startup Theranos, told Inman he took the case because it's 'important to enhancing competition in housing markets'
by Jim Dalrymple II May 16
REX abandons antitrust case against Oregon rebate ban
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
by Andrea V. Brambila May 12
Brokerages push back on NAR ad campaign targeting 'competitors'
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
by Andrea V. Brambila May 12
Demise of discount brokerage REX may be imminent, reports indicate
REX General Counsel Michael Toth did not directly confirm REX was closing, but blamed NAR and Zillow for the death of its business model and said its suit against both would continue
by Andrea V. Brambila May 11
Ukrainian Realtors appeal to NAR: 'I beg you not to forget my country'
Trade group raises more than $20K in three hours for Ukraine relief, on top of $100K in donations from Second Century Ventures and Louisiana Realtors
by Andrea V. Brambila May 10
'Much needed' or 'Ridiculous'? Realtors sound off on NAR fee hike
Paying $10 more for the trade group's consumer ad campaign has agents and brokers reevaluating what they're getting for their NAR membership
by Andrea V. Brambila May 10