New SDAR CEO taking embezzlement suit ‘seriously’

Cory Shepard took the reins at the San Diego Association of Realtors last week after now-former CEO Michael Mercurio was accused of stealing over $1M in association funds, the complaint reads. Four former executives filed the case against SDAR last week. Continue reading

Rental startup Piñata debuts new payments program

Piñata Pay lets tenants build credit and earn rewards, while also potentially streamlining the rent collection process for landlords. Continue reading

Got milk? Thirsty agent fined $15K for drinking homesellers’ milk

Mike Rose told Canadian regulators in British Columbia he was on a new medication that made him “unusually dehydrated.” But does that justify drinking his clients’ milk, straight from the jug? Continue reading

ListAssist to provide TheMLS with computer vision in multi-year deal

New Zealand’s ListAssist, a software company helping agents write listing copy using computer vision AI and large language models, has landed an agreement with TheMLS to offer image-based property data input. Continue reading

RLTY teams up with United to offer insurance aid to real estate agents

The move comes eight months after the firm rolled out its agent success services, Inman has learned. A Southwest BHHS franchisee also recently announced an agent benefits package. Continue reading

Marketing content now AI-backed in Chime’s latest update

Real estate software company Chime has updated with a ChatGPT plugin to power its users’ marketing content generation, according to the company. Continue reading

San Diego Realtors sack CEO after $1M embezzlement lawsuit

The suit accuses now ex-CEO Mike Mercurio of using association credit cards for personal purchases, inflating his vacation time and selling items that the association paid for on eBay. Continue reading

Pacaso surging through summer on 2nd-home demand

Co-ownership company Pacaso has rebounded from a slow start to 2023 with a bevy of new luxury-home acquisitions and its fastest ever sell-out: A four-bedroom, four-bathroom home in Cabo San Lucas, Mexico. Continue reading

US economy avoids recession yet again — no thanks to real estate

With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction. Continue reading

OJO promotes industry veteran Chris Heller to president

Former Keller Williams CEO Chris Heller previously served as OJO’s chief real estate officer. Jerimiah Taylor, formerly a vice president at OJO, will step into Heller’s previous role, the company said. Continue reading