Newrez parent company Rithm raising up to $391M in offering

Proceeds from sale of up to 34.5 million shares, which hit a 52-week high on Sept. 19, to be used for corporate purposes that may include future acquisitions, investments or debt repayment. Continue reading

Side debuts profit-sharing program, lays off staff members

The PartnerUp Revenue Share program will give agents a cut of Side’s profit if they refer and mentor other agents. The program was one of several announcements the company made Monday. Continue reading

MV Realty barred from enforcing 40-year contract in California

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year “homeowner benefit agreements.” Continue reading

Compass nabs high-profile NYC agent from Official

Jared Schwadron operates in New York City, the Hamptons and Miami and is the latest get for Compass as it competes to build a roster of top agents in lean times. Continue reading

Umansky threatens to sue NAR as pocket listing pressure mounts

The Agency CEO and founder said he plans to revive a lawsuit against NAR over a pocket listing network. The threat came days after NAR officials convened to reevaluate Clear Cooperation. Continue reading

Oregon real estate brokerages merge under RE/MAX banner

Announced Friday, the merger will unite RE/MAX Key Properties and West + Main Homes Oregon. The new company will tout the RE/MAX name and resume operations with nearly 90 agents. Continue reading

Trump allies formulating plans to privatize Fannie and Freddie

A new “Wall Street Journal” report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee. Continue reading

Dwiggins-led franchisor NextHome settles commission suits

NextHome has more than 600 offices across the U.S. but is perhaps best-known for CEO James Dwiggins, who has been a prominent commentator on antitrust litigation. Continue reading

Polly hiring after landing $25M in new equity funding led by 8VC

New funding will allow Polly’s product and engineering teams “to double down on new product innovation,” including a new AI platform that was in closed beta testing with a number of the nation’s largest mortgage lenders in May. Continue reading

Clear Cooperation takes center stage, faces pressure to change

Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry’s most polarizing rules. Continue reading