60-day clock begins for brokerages seeking to opt into $418M NAR deal

Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered. Continue reading

Schwarzenegger, Pratt slammed for razing historic LA mansion

The couple bought the home in an off-market transaction in January 2023, months after the previous owner passed away. The plot is located across the street from the home of Schwarzenegger’s mother, Maria Shriver. Continue reading

Flat-fee brokerage Homie makes remarkable pivot amid upheaval

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. Continue reading

BHGRE’s 2nd largest franchise signs 10-year contract renewal

Amid an industrywide recruitment war, Better Homes and Gardens Real Estate has secured its largest contract renewal of 2024 with Atlanta-based BHGRE Metro Brokers. The 45-year-old brokerage is the second-largest franchise in the BHGRE network, with mor… Continue reading

Tim Rodland launches new Bahamas luxury brokerage

Rodland Real Estate, which operates across the archipelago, provides clients a private members portal with access to off-market properties. With the network Rodland has built over the years, the firm is particularly well-suited to aid newcomers to The … Continue reading

CoStar to acquire 3D scanning company Matterport for $1.6B

Matterport’s board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion. Continue reading

Real estate brokers didn’t fear the lawsuits — until NAR settled: Intel

Anxiety around commissions leaped to the top of the worries brokerage leaders face, pushing down concerns around inventory and competition, according to Inman Intel Index survey results. Continue reading

Lamacchia: ‘Nothing’s changed’ about mortgage commission rules

Anthony Lamacchia thinks some agents are reading too much into guidance issued by mortgage giants Fannie Mae and Freddie Mac confirming sellers can continue to pay buyer’s agents’ commissions. Continue reading

Land tells a story. Sell it with Land id: Tech Review

The web and mobile application offers users exceptionally in-depth information on the one global resource that can no longer be produced — land. Continue reading