Author Archives: Taylor Anderson

Real Brokerage agrees to pay $9.25M to settle commission suits

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The Real Brokerage agreed to change business operations as part of its proposed settlement agreement in Umpa v. NAR. Continue reading →

The NAR settlement would bring ‘significant benefits’ to buyers: CFA

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That includes benefits for first-time homebuyers, who might be better served by inexperienced agents. However, some benefits require changes from mortgage lenders, consumer watchdog says. Continue reading →

Kentucky, W. Virginia move to ban exclusive, right-to-list agreements

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New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices. Continue reading →

Pacaso is now offering shares in homes for as little as $130K

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The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers. Continue reading →

In ‘shocker’ of a vote, Chicago transfer tax hike headed for defeat

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The key policy item for first-term Mayor Brandon Johnson would have raised an estimated $100 million through a tax hike on real estate sales. Continue reading →

How commission chaos divided the real estate industry into 4 factions

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The verdict in the monumental Sitzer | Burnett commission case in Missouri — plus oversight by federal regulators — has splintered the industry as it scrambles to figure out how to move forward. Continue reading →

An anticipated settlement still shocks the real estate industry

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Settlement represents “nothing short of a sea change” as the National Association of Realtors agrees to pay $418 million and make sweeping changes. Continue reading →

NAR agrees to settle commission lawsuits for $418M

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NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. Continue reading →

Illinois Supreme Court says Chicago tax hike can move ahead

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A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot. Continue reading →