Realtors praise Biden infrastructure plan's focus on housing shortage
The American Jobs Plan proposes building and retrofitting more than 2M homes and commercial buildings
NAR survey shows large income gap between white and Black Realtors
White Realtors' median gross personal income last year was $49,400 while the median for Black Realtors was $16,700
by Andrea V. Brambila Mar 30
5 big challenges for REX Real Estate in 2021
The well-connected discount brokerage is trying to raise more funding and grow its business as it takes on industry behemoths NAR and Zillow
by Andrea V. Brambila Mar 29
NAR-DOJ rule changes won't come for months
Rules regarding public display of buyer broker commissions and lockbox access for non-Realtors were originally slated to take effect by the end of March
by Andrea V. Brambila Mar 23
Compass, Sotheby's roped into latest suit alleging 'inflated' commissions
The new antitrust lawsuit, filed Friday in California, also names the National Association of Realtors, Realogy, Keller Williams, RE/MAX and several other companies as defendants
by Andrea V. Brambila Mar 23
Rising rates and low inventory cause home sales to plummet
Existing-home sales were down 6.6% from January to February, according to data released Monday from the National Association of Realtors
by Patrick Kearns Mar 22
Listen: REX releases recordings of agent steering
One agent told the discount brokerage: 'I won't bother to show [the listing]. Who's your local agent though because I'll make sure to tell people not to work with them'
by Andrea V. Brambila Mar 18
A pair of boxing gloves, red and blue
Trade group's president accuses commission detractors of duplicity 'for a payout' under the guise of protecting consumers
by Andrea V. Brambila Mar 18
Agent/broker perspective: Should brokerages police industry violations?
Opinion
It's up to us as a profession to uphold high standards and accept nothing less than the behavior reflected in the NAR's Code of Ethics
by Anthony Askowitz Mar 16
Study commissioned by REX claims commissions are deeply inflated
Real estate commissions are inflated by as much as $50B per year due to the lack of price competition created by having listing brokers set co-op fees for buyer brokers, according to the report in the Berkeley Business Law Journal
by Andrea V. Brambila Mar 12
Marcia Fudge sworn in as HUD secretary with a fair housing focus
NAR looks forward to working with Fudge 'to address racial disparities in real estate and our nation’s persistent housing affordability crisis'
by Andrea V. Brambila Mar 10
Lawmakers, economists worry home price growth will 'choke off' buyers
Economists told Politico the yearslong imbalance of demand and supply will come to a head this year as first-time buyers give up on homeownership
by Marian McPherson Mar 10
NAR: 'We haven't seen a deluge' of hate speech cases
Trade group's professional standards committee will vote on case interpretations in May to help evaluate complaints
The PLS appeals case against NAR, MLSs over pocket listing rule
The former private listing network for agents seeks to overturn a ruling that threw out its lawsuit alleging the National Association of Realtors' Clear Cooperation Policy harms competition
A pair of hands pruning a tree
The average buyer broker commission rate iBuyers paid when they resold a home fell to 2.5% in 2020 from 2.8% in 2019, according to a new analysis by Redfin
by Andrea V. Brambila Feb 25