Number of Realtors hits new record high for 4th-straight year

National Association of Realtors’ membership edged ever closer to 1.6 million in 2022, but the real estate trade group expects a drop this year, according to data provided to Inman. Continue reading

Inman unveils inaugural 2023 Power Players awards

With its inaugural Power Players list, Inman recognized more than 120 industry leaders for their influence and ingenuity as it kicks off a year of expanded awards. Continue reading

US Supreme Court denies NAR petition in pocket listing case

The nation’s highest court will not be weighing in on whether the real estate trade group’s Clear Cooperation Policy violates antitrust laws. The case proceeds in a lower court. Continue reading

Cordless Media ads on MLSs will provide real-time mortgage rates

Ad marketplace is the first to implement Optimal Blue’s new lead-quoting application programming interface, allowing ads to display rates from multiple lenders. Continue reading

Nation’s largest MLS will get even bigger this year

The Southland Regional Association of Realtors, which boasts nearly 11,000 members in the San Fernando and Santa Clarita valleys, will link up with California Regional MLS beginning May 1. Continue reading

Court deals blow to NAR, KW, Anywhere in commission suit

The judge denied requests filed by NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America, allowing the Sitzer/Burnett case to continue toward a new October trial date. Continue reading

Outdated MLS policy hides thousands of homes for sale

Where MLSs ban commingling, brokerage websites either can’t display non-MLS listings or must hide this inventory behind filters and log-in walls. Redfin’s Joe Rath offers an argument in favor of allowing brokerages to display all of the options. Continue reading

NAR and Anywhere clash over commission class action trial

The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America. Continue reading

First MLS venture capital fund hires Jeff Turner to help scale up

Turner is a former entrepreneur in residence for NAR venture capital arm Second Century Ventures and a co-founder of Realtor association management platform Tangilla. Continue reading

The PLS to Supreme Court: Deny NAR petition in pocket listing suit

In a new brief, the former pocket listing service argues that NAR limited competition to its Realtor-affiliated MLSs “by conspiring to destroy the livelihood of any dissenting real estate agent.” Continue reading