HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion. Continue reading
Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were “fair, reasonable and adequate” and set a final approval hearing for November. Continue reading
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
On Wednesday, executives told customers that a “security incident involving a malicious third party” caused the outage that has disrupted thousands of brokers and agents since last week. Continue reading
Since April 10, brokerage websites across the country have been dark as BoomTown scrambles to resolve service disruptions. The outage has already impacted the bottom line, agents told Inman. Continue reading
A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request. Continue reading
Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by Boomtown, agents told Inman. Continue reading
Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week. Continue reading
Truong My Lan was at the center of the sprawling fraud case and was accused of embezzling as much as $12.5 billion. A court sentenced her to death on Thursday during an anti-corruption crackdown in Vietnam. Continue reading
On the “Real Estate Insiders Unfiltered” podcast Tuesday, Sears said interim CEO Nykia Wright has agreed to extend her contract through the end of 2024 as NAR executives focus on the road ahead. Continue reading