DOJ to NAR: Increased competition could save consumers billions

In court filings, regulator says rules “restrict how real estate agents can market properties, dictate how real estate commissions are set, and impede commission negotiations.” Continue reading

Buyer commissions in — lockboxes out — when NAR votes next month

The trade group will weigh whether to require multiple listing services to allow agents and brokers to display buyer agent compensation, but it won’t consider change to lockbox policy. Continue reading

Top Las Vegas agent charged with setting his own home on fire

Julian Werly, 48, was named among the top 100 agents in MyVegas Magazine in March while appearing on the front page of the magazine. Continue reading

How the luxury housing market became invincible in 2021

Luxury real estate agents reported having record years, and high-end properties have grown to become a larger and larger share of the overall market this year. Continue reading

Real-estate hiring outpaces other industries amid stale jobs report

Employers in real estate and residential construction grew workforces by 0.2 percent on a seasonally adjusted basis, according to Department of Labor survey out Friday. Continue reading

Commission rules, lockbox access chief among threats to industry

At Coldwell Banker’s Gen Blue Experience event, Kalama Kim predicted that everything from a DOJ antitrust case to “marginal agents” could soon upend the real estate industry. Continue reading

‘This is not a blip’: Antitrust experts warn RE leaders to work with DOJ

The Council of Multiple Listing Services panelists warned real estate leaders and MLS members, “It’s better to be part of the process … than having the rules written for you.” Continue reading

REX: ‘Outmoded’ real estate rules ‘struck a vein’ with DOJ

Brokerage backed by Chris Christie and Jeb Bush says agent steering by commission should “shock the conscience” of anyone interested in equity in housing. Continue reading

Agent commissions are headed for a reckoning: 3 things to consider

The great uncoupling of commissions is coming. Whether it’s government intervention or voluntary innovation, as the DOJ versus NAR battle shows, change will happen in the industry. Consumers are asking for it. Agents and brokers who choose innovation o… Continue reading

Why REX pays buyer agents and uses MLSs — sometimes

REX’s general counsel Michael Toth says the discount brokerage pays buyer agents in at least 40 percent of its list-side transactions. Continue reading