Patriot Bank denies DoJ redlining allegations, settles for $1.9M

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Government alleges competitors in Patriot’s peer group made home loans in minority areas of Memphis at almost three times the rate of Patriot from 2015 to at least 2020. Continue reading →

No agent? Efizbo says no problem: Tech Review

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One of a number of consumer-facing solutions that promises to minimize the role of the agent for the sake of efficiency, this platform still lacks some of the advanced technologies needed to advance the transaction beyond the reach of those licensed to… Continue reading →

California commission lawsuit filed against NAR and 35 other entities

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Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws. Continue reading →

New suit accuses eXp Realty, team leader of sexual harassment

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The suit claims that Chris Nevada offered to pay an employee for sex, made inappropriate comments and, ultimately, fired the woman. Continue reading →

Falling mortgage rates should boost home sales: Fannie Mae

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Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent. Continue reading →

Too much too soon? AI is now ‘nearly ubiquitous’ in real estate

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As many as 80 percent of agents are using AI to do things like write listing descriptions, but real estate leaders also have concerns about “guardrails” for the tech. Continue reading →

Marketing your listing by exploiting Anne Frank is just gross

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When New Mexico builder Abrazo Homes named its floor plans after iconic historical women, it ignited a social media firestorm. Here’s why using celebrities and cultural figures without permission to market your business is such a bad idea. Continue reading →

Pacaso’s Marnie Blanco on why co-ownership is poised for a big 2024

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Pacaso’s senior vice president of industry relations sat down with Inman ahead of Inman Connect New York next week to share the vacation-home platform’s big expansion plans for the new year. Continue reading →