NAR President: Commission changes will ‘marginalize’ buyers

NAR President Tracy Kasper appeared on CNBC’s “The Exchange” on Thursday to talk about mortgage rates, affordability and the potential harm of changing the current commission structure. Continue reading

New bombshell lawsuit targets Texas Realtor orgs, local teams

A homebuilder and holding company filed the case Monday. But unlike other suits against NAR, this one lists the Texas Association of Realtors and other local organizations as defendants. Continue reading

Restb.ai ventures north with Saskatchewan deal, eh?

The Saskatchewan Realtors Association’s (SRA) 1,700 members will benefit from the innovative technology company’s ability to extract and use in multiple ways actionable data about properties from still images. Continue reading

Stakes are incalculable for NAR as bombshell commission trial looms

Next week’s long-anticipated Sitzer/Burnett commission trial is only the most immediate threat to real estate’s most powerful trade organization as it navigates a series of existential challenges. Continue reading

Andy Florance: Bombshell lawsuits will upend Zillow’s business model

CoStar CEO Andy Florance dished with Intel about the commission lawsuits, nemesis Zillow and NAR as Homes.com nabbed 100 million unique visitors for the first time ever in September. Continue reading

Pocket listings are thriving 4 years after NAR sought to end practice

Pocket listings are positively overflowing nearly four years after the National Association of Realtors enacted its controversial Clear Cooperation policy to end them, a new Intel analysis shows. Continue reading

Brokers fear losing commissions, agents if lawsuits succeed: Survey

Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in two key lawsuits, a survey on commissions conducted by Intel shows. Continue reading

Redlining, steering, misogyny and fear: How the industry lost its way

“Our original mission was to provide shelter and security to our communities,” writes Teri Conrad, a 16-year industry vet. “But somewhere along the way, we got lost in pursuing wealth and power.” Continue reading

Majority of Realtor associations tap late fees to boost bottom line: NAR

Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR’s inaugural Association Profile. Continue reading