Monthly Archives: August 2024

Michigan agents and brokers sue NAR due to antitrust settlement

By | | Uncategorized
Comments Off on Michigan agents and brokers sue NAR due to antitrust settlement

The plaintiffs protest “compulsory” Realtor membership to access the MLS after the removal of “the guaranteed broker commission” from the MLS. Continue reading →

Fathom says revenue sharing will help it recruit new agents

By | | Uncategorized
Comments Off on Fathom says revenue sharing will help it recruit new agents

After growing its agent count by 12 percent to 12,224, the flat-fee brokerage says it’s poised for continued growth with new commission plans that pay agents a percentage of revenue generated by the agents they recruit. Continue reading →

RE/MAX’s Motto Mortgage office count is shrinking for first time

By | | Uncategorized
Comments Off on RE/MAX’s Motto Mortgage office count is shrinking for first time

Franchise sales have slowed, and some existing franchisees have canceled their agreements, but Motto Franchising President Ward Morrison expects growth to resume when lending picks up. Continue reading →

World’s most expensive, futuristic motorhome priced at $2.5M

By | | Uncategorized
Comments Off on World’s most expensive, futuristic motorhome priced at $2.5M

According to Van Conover, the Prevost motorhomes typically belong to “A-list artists, top of the top in the music industry, F1 racers and high-level entrepreneurs” who can customize the motorhome however they see fit from the floors, the color of the l… Continue reading →

Cooling rental market means more concessions for renters: Zillow

By | | Uncategorized
Comments Off on Cooling rental market means more concessions for renters: Zillow

A 50-year high in multifamily building starts and completions has led to cooling rent growth and better leases for renters. In July, 33.2 percent of rentals on Zillow included concessions — a 23 percent increase from 2023. Continue reading →

NAR membership rebounds ahead of Aug. 17 settlement deadline

By | | Uncategorized
Comments Off on NAR membership rebounds ahead of Aug. 17 settlement deadline

More agents are joining the National Association of Realtors ahead of the approaching Aug. 17 deadline for Realtors and MLSs to implement policy changes. Continue reading →

The market is harder for millennials than it was for boomers: Report

By | | Uncategorized
Comments Off on The market is harder for millennials than it was for boomers: Report

A new report in “The Wall Street Journal” found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today. Continue reading →

Realty One Group scoops up Florida indie MVP Realty

By | | Uncategorized
Comments Off on Realty One Group scoops up Florida indie MVP Realty

MVP Realty CEO Derek Carlson said moving to Realty One Group will bring agents a variety of upgrades while leaving his company’s core values intact. Continue reading →

Miami investors lose another hotel to foreclosure auction

By | | Uncategorized
Comments Off on Miami investors lose another hotel to foreclosure auction

In the same week that the investment firm lost the Waldorf Astoria in Washington, D.C., to a foreclosure auction, CGI Merchant also had to let go of the Gabriel Miami Downtown in a foreclosure auction to an affiliate of Madison Realty Capital. Continue reading →

From fringe to forefront? What agent ‘steering’ will look like now

By | | Uncategorized
Comments Off on From fringe to forefront? What agent ‘steering’ will look like now

A survey of hundreds of real estate agents suggests that “steering” based on commissions used to be rare. After the Aug. 17 deadline, it may become ubiquitous — but with buyers in the driver’s seat. Continue reading →