Brookfield Properties said to be acquiring Divvy Homes in ‘fire sale’

Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading

Judge orders eXp to turn over ‘sweetheart deal’ negotiation docs

Court probes “reverse auction” allegations while plaintiffs seek preliminary approval of deals with eXp Realty, Weichert, Mark Spain Real Estate and Atlanta Communities Real Estate. Continue reading

Manufactured homebuilder’s lender draws regulatory scrutiny

Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it should have known borrowers couldn’t repay Continue reading

EXp punches back over criticism of ‘sweetheart’ commission deal

The virtual brokerage argued Tuesday that it’s settlement wasn’t too small, and asked a court to reject attempts to force it back to the negotiating table. Continue reading

Agents put their resource hat on as Helene rages northward

As Helene progressed from a hurricane to a tropical storm to a post-tropical cyclone on Friday, agents got into gear serving as a resource for clients, while dealing with high winds and flooding. Continue reading

Agents storm TikTok with flood of complaints after NAR settlement

Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them. Continue reading

Georgia homesellers file yet another antitrust commission suit

The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It’s also the latest in a string of new cases following the Sitzer | Burnett verdict. Continue reading

Zillow and Opendoor expand partnership to 11 new markets

The former rivals are now jointly providing cash offers to consumers in a total of 16 markets, most of them spread out across the Sunbelt. Continue reading

Zillow expands ‘post-pay’ Premier Agent model to 2 new markets

The expansion is part of Zillow’s “enhanced markets” program, which is now in six cities and part of the company’s efforts to eventually build a real estate “super app.” Continue reading

Clarence Thomas failed to report property deal with Texas developer

Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the U.S. Supreme Court Justice, reportedly bought three properties from Thomas, including one where his mother still lives. Continue reading